Knuff & Co LLC Has $2.49 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Knuff & Co LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.8% during the 4th quarter, HoldingsChannel reports. The fund owned 34,790 shares of the utilities provider’s stock after buying an additional 275 shares during the period. NextEra Energy comprises approximately 0.8% of Knuff & Co LLC’s portfolio, making the stock its 29th biggest holding. Knuff & Co LLC’s holdings in NextEra Energy were worth $2,494,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NEE. Empowered Funds LLC lifted its holdings in shares of NextEra Energy by 14.7% during the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock valued at $3,267,000 after acquiring an additional 5,831 shares during the period. Empower Advisory Group LLC raised its holdings in NextEra Energy by 2.3% during the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock worth $130,714,000 after purchasing an additional 41,328 shares during the last quarter. Nordea Investment Management AB grew its position in shares of NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after buying an additional 1,525,436 shares during the period. Swiss National Bank grew its position in shares of NextEra Energy by 0.4% in the 3rd quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock valued at $515,481,000 after purchasing an additional 21,400 shares during the period. Finally, Czech National Bank lifted its stake in NextEra Energy by 6.5% in the 4th quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock valued at $31,964,000 after acquiring an additional 27,340 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $74.04 on Wednesday. The company has a market cap of $152.30 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The firm has a fifty day moving average price of $70.43 and a two-hundred day moving average price of $75.97. NextEra Energy, Inc. has a fifty-two week low of $56.55 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.5665 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.06%. NextEra Energy’s payout ratio is presently 67.06%.

Analysts Set New Price Targets

Several research firms have recently issued reports on NEE. Jefferies Financial Group reduced their target price on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Morgan Stanley raised their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Evercore ISI lowered their target price on 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. Finally, JPMorgan Chase & Co. boosted their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $85.92.

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.