KLP Kapitalforvaltning AS Purchases New Position in NextEra Energy, Inc. (NYSE:NEE)

KLP Kapitalforvaltning AS acquired a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 725,112 shares of the utilities provider's stock, valued at approximately $51,983,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AXQ Capital LP lifted its position in NextEra Energy by 70.0% during the fourth quarter. AXQ Capital LP now owns 40,027 shares of the utilities provider's stock worth $2,870,000 after purchasing an additional 16,480 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of NextEra Energy during the fourth quarter worth $130,000. Intellus Advisors LLC bought a new stake in NextEra Energy in the fourth quarter valued at approximately $217,000. Plancorp LLC boosted its stake in shares of NextEra Energy by 6.6% in the 4th quarter. Plancorp LLC now owns 15,936 shares of the utilities provider's stock valued at $1,142,000 after purchasing an additional 984 shares during the last quarter. Finally, Cyrus J. Lawrence LLC increased its holdings in NextEra Energy by 0.4% in the fourth quarter. Cyrus J. Lawrence LLC now owns 119,675 shares of the utilities provider's stock worth $8,579,000 after purchasing an additional 472 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CAO James Michael May sold 2,383 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were 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 $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by company insiders.

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NextEra Energy Stock Performance

NEE traded up $1.07 during trading on Wednesday, hitting $69.66. The company's stock had a trading volume of 9,154,191 shares, compared to its average volume of 10,126,829. The business's 50 day simple moving average is $70.70 and its 200-day simple moving average is $75.30. The firm has a market cap of $143.28 billion, a PE ratio of 20.67, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a one year low of $61.31 and a one year high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

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

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.25%. The ex-dividend date was Friday, February 28th. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is 67.06%.

Analysts Set New Price Targets

A number of research firms have issued reports on NEE. Guggenheim reiterated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Evercore ISI dropped their target price on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research note on Monday, January 27th. BMO Capital Markets increased their target price on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Finally, Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a 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 data from MarketBeat, NextEra Energy currently has an average rating of "Hold" and a consensus price target of $85.92.

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.