Fideuram Asset Management Ireland dac bought a new stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 76,576 shares of the utilities provider’s stock, valued at approximately $5,753,000.
Other large investors have also modified their holdings of the company. Wedbush Securities Inc. raised its stake in shares of NextEra Energy by 24.8% in the third quarter. Wedbush Securities Inc. now owns 64,158 shares of the utilities provider’s stock valued at $4,843,000 after purchasing an additional 12,738 shares in the last quarter. Varma Mutual Pension Insurance Co raised its stake in shares of NextEra Energy by 5.0% in the third quarter. Varma Mutual Pension Insurance Co now owns 326,193 shares of the utilities provider’s stock valued at $24,624,000 after purchasing an additional 15,600 shares in the last quarter. National Pension Service raised its stake in shares of NextEra Energy by 1.3% in the third quarter. National Pension Service now owns 4,845,447 shares of the utilities provider’s stock valued at $365,783,000 after purchasing an additional 60,324 shares in the last quarter. Indivisible Partners acquired a new position in shares of NextEra Energy in the fourth quarter valued at $1,355,000. Finally, Jones Financial Companies Lllp raised its stake in shares of NextEra Energy by 7.3% in the third quarter. Jones Financial Companies Lllp now owns 849,352 shares of the utilities provider’s stock valued at $64,373,000 after purchasing an additional 57,711 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy Stock Performance
Shares of NYSE:NEE opened at $87.25 on Friday. The business’s fifty day moving average price is $92.33 and its two-hundred day moving average price is $88.23. NextEra Energy, Inc. has a fifty-two week low of $66.77 and a fifty-two week high of $98.75. The stock has a market capitalization of $181.94 billion, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 2.57 and a beta of 0.73. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44.
NextEra Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, June 5th. NextEra Energy’s dividend payout ratio is presently 63.36%.
Analyst Upgrades and Downgrades
NEE has been the subject of a number of recent research reports. Barclays set a $90.00 target price on NextEra Energy and gave the company an “equal weight” rating in a research note on Tuesday. BTIG Research reiterated a “buy” rating and issued a $112.00 price target on shares of NextEra Energy in a research report on Friday, April 24th. Evercore reiterated an “outperform” rating and issued a $107.00 price target on shares of NextEra Energy in a research report on Monday, May 4th. HSBC upped their price target on NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, TD Cowen upped their price target on NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $99.20.
Read Our Latest Analysis on NextEra Energy
Insider Transactions at NextEra Energy
In other news, EVP Terrell Kirk Crews II sold 19,672 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction of $1,775,791.44. Following the sale, the executive vice president owned 73,857 shares in the company, valued at approximately $6,667,071.39. This represents a 21.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Treasurer James Michael May sold 7,161 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $646,423.47. Following the sale, the treasurer owned 26,719 shares in the company, valued at $2,411,924.13. The trade was a 21.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 31,767 shares of company stock worth $2,881,077. Insiders own 0.18% of the company’s stock.
NextEra Energy Company 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.
Read More
- Five stocks we like better than NextEra Energy
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.
