KLP Kapitalforvaltning AS Has $54.25 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

KLP Kapitalforvaltning AS increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 765,212 shares of the utilities provider's stock after buying an additional 40,100 shares during the period. KLP Kapitalforvaltning AS's holdings in NextEra Energy were worth $54,246,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bellwether Advisors LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $30,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy in the 4th quarter valued at $33,000. Copia Wealth Management acquired a new stake in shares of NextEra Energy in the 4th quarter valued at $36,000. CBIZ Investment Advisory Services LLC raised its position in shares of NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after acquiring an additional 366 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new stake in shares of NextEra Energy during the first quarter worth $40,000. Institutional investors own 78.72% of the company's stock.

Analyst Ratings Changes

NEE has been the topic of several recent research reports. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Morgan Stanley reduced their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. JPMorgan Chase & Co. dropped their price target on shares of NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. HSBC cut their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Finally, UBS Group lowered their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $84.42.

NextEra Energy Stock Down 1.1%

NextEra Energy stock traded down $0.83 during midday trading on Thursday, reaching $71.99. The stock had a trading volume of 11,163,694 shares, compared to its average volume of 12,329,813. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. The firm's fifty day simple moving average is $72.35 and its 200-day simple moving average is $70.42. The stock has a market capitalization of $148.21 billion, a P/E ratio of 26.96, a price-to-earnings-growth ratio of 2.73 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same period last year, the company earned $0.96 earnings per share. The business's revenue was up 10.4% compared to the same quarter last year. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.15%. NextEra Energy's dividend payout ratio is 84.64%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the transaction, the executive vice president directly owned 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

NextEra Energy Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.