ING Groep NV Has $42.13 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

ING Groep NV lifted its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 351.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 587,646 shares of the utilities provider's stock after purchasing an additional 457,523 shares during the period. ING Groep NV's holdings in NextEra Energy were worth $42,128,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. O Brien Greene & Co. Inc raised its stake in NextEra Energy by 0.4% during the 4th quarter. O Brien Greene & Co. Inc now owns 91,910 shares of the utilities provider's stock valued at $6,589,000 after purchasing an additional 363 shares during the last quarter. Boston Financial Mangement LLC increased its holdings in shares of NextEra Energy by 0.4% during the 4th quarter. Boston Financial Mangement LLC now owns 95,819 shares of the utilities provider's stock worth $6,869,000 after purchasing an additional 423 shares during the period. Concurrent Investment Advisors LLC lifted its stake in shares of NextEra Energy by 1.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 91,455 shares of the utilities provider's stock valued at $6,556,000 after buying an additional 1,429 shares during the period. Meitav Investment House Ltd. lifted its stake in shares of NextEra Energy by 13.8% in the fourth quarter. Meitav Investment House Ltd. now owns 837,698 shares of the utilities provider's stock valued at $60,028,000 after buying an additional 101,698 shares during the period. Finally, Handelsbanken Fonder AB grew its position in NextEra Energy by 4.5% during the fourth quarter. Handelsbanken Fonder AB now owns 364,294 shares of the utilities provider's stock worth $26,116,000 after buying an additional 15,573 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on NEE. Guggenheim raised their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Barclays raised their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. BMO Capital Markets boosted their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Jefferies Financial Group reduced their price objective on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. dropped their price target on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $85.85.

Insider Buying and Selling

In related news, CAO James Michael May sold 2,383 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now owns 27,427 shares of the company's stock, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by insiders.

NextEra Energy Price Performance

Shares of NYSE:NEE traded up $1.60 during midday trading on Friday, reaching $71.74. The company's stock had a trading volume of 14,271,094 shares, compared to its average volume of 11,160,541. The business's fifty day simple moving average is $70.56 and its 200-day simple moving average is $76.59. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The company has a market capitalization of $147.56 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.41 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts' consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.16%. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. NextEra Energy's dividend payout ratio (DPR) is currently 61.13%.

NextEra Energy Company 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.