NextEra Energy, Inc. (NYSE:NEE) Shares Bought by KBC Group NV

KBC Group NV increased its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 169,436 shares of the utilities provider's stock after acquiring an additional 8,634 shares during the quarter. KBC Group NV's holdings in NextEra Energy were worth $12,147,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Union Bancaire Privee UBP SA purchased a new stake in shares of NextEra Energy during the fourth quarter worth approximately $3,015,000. Capital Asset Advisory Services LLC raised its position in NextEra Energy by 2.8% during the 4th quarter. Capital Asset Advisory Services LLC now owns 28,926 shares of the utilities provider's stock worth $2,082,000 after buying an additional 798 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of NextEra Energy by 16.6% in the 4th quarter. Blue Trust Inc. now owns 43,007 shares of the utilities provider's stock worth $3,083,000 after acquiring an additional 6,133 shares during the period. Cathy Pareto & Associates Inc. purchased a new stake in shares of NextEra Energy in the fourth quarter valued at about $381,000. Finally, Drive Wealth Management LLC boosted its holdings in shares of NextEra Energy by 13.0% in the fourth quarter. Drive Wealth Management LLC now owns 6,024 shares of the utilities provider's stock valued at $432,000 after acquiring an additional 692 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares of the company's stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NEE shares. Barclays raised their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Evercore ISI decreased their price target on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research note on Monday. BMO Capital Markets increased their price objective on NextEra Energy from $82.00 to $84.00 in a research report on Monday. Royal Bank of Canada lowered shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley upped their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $85.85.

NextEra Energy Price Performance

NextEra Energy stock traded up $0.71 during mid-day trading on Thursday, hitting $71.60. 4,031,508 shares of the company were exchanged, compared to its average volume of 11,892,284. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The company has a market capitalization of $147.24 billion, a P/E ratio of 21.18, a PEG ratio of 2.29 and a beta of 0.58. The business's 50 day simple moving average is $72.72 and its two-hundred day simple moving average is $77.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. Analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

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.