Altrafin AG bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 18,330 shares of the utilities provider’s stock, valued at approximately $1,472,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of NEE. Laurel Wealth Advisors LLC acquired a new position in NextEra Energy during the 4th quarter worth $25,000. Anfield Capital Management LLC lifted its position in NextEra Energy by 692.3% during the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 270 shares during the last quarter. Strive Asset Management LLC acquired a new position in NextEra Energy during the 3rd quarter worth $29,000. Quest 10 Wealth Builders Inc. lifted its position in NextEra Energy by 135.4% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 379 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 218 shares during the last quarter. Finally, Joseph Group Capital Management bought a new position in shares of NextEra Energy during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 78.72% of the company’s stock.
NextEra Energy Stock Performance
NYSE NEE opened at $85.92 on Friday. The stock has a market cap of $179.18 billion, a P/E ratio of 21.86, a PEG ratio of 2.52 and a beta of 0.68. The company’s 50-day simple moving average is $90.94 and its 200 day simple moving average is $88.24. NextEra Energy, Inc. has a twelve month low of $67.20 and a twelve month high of $98.75. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41.
NextEra Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, June 5th. NextEra Energy’s dividend payout ratio is currently 63.36%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. Evercore restated an “outperform” rating and set a $107.00 price objective on shares of NextEra Energy in a report on Monday, May 4th. BTIG Research restated a “buy” rating and set a $112.00 price objective on shares of NextEra Energy in a report on Friday, April 24th. Mizuho boosted their price objective on shares of NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $99.20.
Read Our Latest Report on NextEra Energy
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.
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