Czech National Bank Acquires 26,134 Shares of NextEra Energy, Inc. $NEE

Czech National Bank raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 549,152 shares of the utilities provider’s stock after purchasing an additional 26,134 shares during the quarter. Czech National Bank’s holdings in NextEra Energy were worth $44,086,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NEE. Goodman Advisory Group LLC bought a new stake in shares of NextEra Energy during the 2nd quarter worth $25,000. Tripletail Wealth Management LLC bought a new position in NextEra Energy in the third quarter valued at about $25,000. Strive Asset Management LLC bought a new position in NextEra Energy in the third quarter valued at about $29,000. Howard Hughes Medical Institute acquired a new position in NextEra Energy during the second quarter worth about $31,000. Finally, Rexford Capital Inc. acquired a new position in NextEra Energy during the second quarter worth about $34,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NEE. Erste Group Bank upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. UBS Group upped their price objective on shares of NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. The Goldman Sachs Group increased their price objective on shares of NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Morgan Stanley restated an “overweight” rating and issued a $106.00 target price on shares of NextEra Energy in a research report on Friday, February 20th. Finally, BTIG Research reaffirmed a “buy” rating and set a $103.00 target price on shares of NextEra Energy in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $94.44.

NextEra Energy Stock Performance

NYSE:NEE opened at $91.19 on Thursday. The stock’s 50-day moving average is $90.15 and its 200-day moving average is $83.97. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $95.91. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The stock has a market cap of $190.00 billion, a P/E ratio of 27.72 and a beta of 0.76.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the business earned $0.53 EPS. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were paid a dividend of $0.6232 per share. The ex-dividend date of this dividend was Friday, February 27th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s payout ratio is 75.68%.

Insider Activity

In related news, EVP Ronald R. Reagan sold 18,620 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the sale, the executive vice president directly owned 9,643 shares in the company, valued at $867,870. This represents a 65.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $1,775,791.44. Following the transaction, the executive vice president directly owned 73,857 shares of the company’s stock, valued at approximately $6,667,071.39. This represents a 21.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 190,816 shares of company stock valued at $17,075,619. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.