ING Groep NV Invests $29.52 Million in NextEra Energy, Inc. $NEE

ING Groep NV purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 391,008 shares of the utilities provider’s stock, valued at approximately $29,517,000.

Other institutional investors have also recently modified their holdings of the company. Sax Wealth Advisors LLC lifted its position in NextEra Energy by 0.6% during the third quarter. Sax Wealth Advisors LLC now owns 19,380 shares of the utilities provider’s stock valued at $1,463,000 after purchasing an additional 118 shares during the period. apricus wealth LLC raised its position in shares of NextEra Energy by 3.8% in the third quarter. apricus wealth LLC now owns 3,272 shares of the utilities provider’s stock valued at $247,000 after buying an additional 120 shares during the last quarter. Fingerlakes Wealth Management Inc. increased its holdings in shares of NextEra Energy by 0.8% in the third quarter. Fingerlakes Wealth Management Inc. now owns 16,215 shares of the utilities provider’s stock valued at $1,224,000 after purchasing an additional 124 shares during the last quarter. Heritage Wealth Management Inc. grew its holdings in shares of NextEra Energy by 1.0% in the third quarter. Heritage Wealth Management Inc. now owns 12,320 shares of the utilities provider’s stock valued at $930,000 after purchasing an additional 125 shares during the period. Finally, Bank of Jackson Hole Trust lifted its holdings in NextEra Energy by 1.1% in the third quarter. Bank of Jackson Hole Trust now owns 11,885 shares of the utilities provider’s stock valued at $897,000 after acquiring an additional 126 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

NEE opened at $90.85 on Wednesday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $91.96. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. The company’s 50 day simple moving average is $83.10 and its 200 day simple moving average is $79.81. The stock has a market capitalization of $189.21 billion, a PE ratio of 27.61, a P/E/G ratio of 2.77 and a beta of 0.75.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period last year, the company posted $0.53 EPS. The business’s quarterly revenue was up 20.7% on a year-over-year basis. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. HSBC lifted their target price on shares of NextEra Energy from $94.00 to $95.00 in a report on Monday, November 10th. Seaport Research Partners lowered their price target on NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a report on Monday, February 2nd. Evercore restated an “outperform” rating and set a $93.00 target price on shares of NextEra Energy in a research report on Tuesday, October 28th. Wolfe Research boosted their price objective on shares of NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research note on Monday, December 1st. Finally, TD Cowen began coverage on shares of NextEra Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $98.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $92.95.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the transaction, the chief executive officer owned 162,693 shares in the company, valued at $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ronald R. Reagan sold 18,620 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 9,643 shares of the company’s stock, valued at approximately $867,870. This represents a 65.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 304,189 shares of company stock valued at $26,373,239 in the last quarter. Company insiders own 0.18% of the company’s stock.

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.