ING Groep NV Raises Position in NextEra Energy, Inc. (NYSE:NEE)

ING Groep NV lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 30.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 130,123 shares of the utilities provider’s stock after buying an additional 30,460 shares during the quarter. ING Groep NV’s holdings in NextEra Energy were worth $10,999,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Orion Portfolio Solutions LLC increased its stake in NextEra Energy by 34.0% during the 1st quarter. Orion Portfolio Solutions LLC now owns 115,131 shares of the utilities provider’s stock worth $7,358,000 after buying an additional 29,189 shares during the period. Trillium Asset Management LLC lifted its stake in shares of NextEra Energy by 633.5% in the first quarter. Trillium Asset Management LLC now owns 49,671 shares of the utilities provider’s stock worth $3,174,000 after acquiring an additional 42,899 shares in the last quarter. Brighton Jones LLC boosted its holdings in NextEra Energy by 5.8% in the first quarter. Brighton Jones LLC now owns 29,849 shares of the utilities provider’s stock valued at $1,908,000 after purchasing an additional 1,627 shares during the last quarter. Banco Santander S.A. boosted its holdings in NextEra Energy by 20.4% in the first quarter. Banco Santander S.A. now owns 27,884 shares of the utilities provider’s stock valued at $1,782,000 after purchasing an additional 4,716 shares during the last quarter. Finally, M&G Plc acquired a new stake in NextEra Energy during the 1st quarter valued at approximately $303,065,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’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 transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Performance

Shares of NEE opened at $75.28 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The firm has a fifty day moving average of $81.70 and a 200-day moving average of $77.36. The company has a market cap of $154.81 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 2.68 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. NextEra Energy’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.74%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

Wall Street Analyst Weigh In

NEE has been the subject of several research analyst reports. Jefferies Financial Group initiated coverage on NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 target price for the company. Wells Fargo & Company increased their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Scotiabank boosted their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Morgan Stanley increased their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Finally, Barclays lifted their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and an average price target of $86.54.

About NextEra Energy

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.