Banco Bilbao Vizcaya Argentaria S.A. Has $49.40 Million Holdings in NextEra Energy, Inc. $NEE

Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 14.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 654,823 shares of the utilities provider’s stock after purchasing an additional 81,451 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in NextEra Energy were worth $49,398,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Goodman Advisory Group LLC purchased a new stake in shares of NextEra Energy in the second quarter worth approximately $25,000. Tripletail Wealth Management LLC bought a new position in shares of NextEra Energy in the third quarter valued at approximately $25,000. Howard Hughes Medical Institute purchased a new position in shares of NextEra Energy during the second quarter valued at approximately $31,000. Rexford Capital Inc. purchased a new position in shares of NextEra Energy during the second quarter valued at approximately $34,000. Finally, Abound Wealth Management grew its holdings in NextEra Energy by 108.2% during the third quarter. Abound Wealth Management now owns 456 shares of the utilities provider’s stock worth $34,000 after buying an additional 237 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Terrell Kirk Crews II sold 19,672 shares of NextEra Energy stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $90.27, for a total value of $1,775,791.44. Following the sale, the executive vice president owned 73,857 shares of the company’s stock, valued at approximately $6,667,071.39. The trade was a 21.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John W. Ketchum sold 99,603 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the completion of the transaction, the chief executive officer owned 305,933 shares in the company, valued at approximately $27,332,054.22. The trade was a 24.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 185,882 shares of company stock valued at $16,616,757 in the last three months. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NEE shares. BMO Capital Markets set a $95.00 price target on NextEra Energy in a research report on Thursday, January 29th. The Goldman Sachs Group upped their target price on shares of NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Wells Fargo & Company increased their target price on shares of NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Weiss Ratings lowered shares of NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. Finally, HSBC boosted their price target on shares of NextEra Energy from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $94.16.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $92.81 on Friday. The business’s fifty day simple moving average is $88.42 and its 200 day simple moving average is $82.89. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $95.91. The firm has a market capitalization of $193.38 billion, a P/E ratio of 28.21 and a beta of 0.76.

NextEra Energy (NYSE:NEE) last announced 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 return on equity of 12.18% and a net margin of 24.93%.The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a dividend of $0.6232 per share. The ex-dividend date is 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 yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is currently 75.68%.

About NextEra Energy

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.