&PARTNERS grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 10.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 832,057 shares of the utilities provider’s stock after purchasing an additional 81,826 shares during the quarter. &PARTNERS’s holdings in NextEra Energy were worth $66,789,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the business. Pointe Capital Management LLC boosted its holdings in shares of NextEra Energy by 7.7% in the fourth quarter. Pointe Capital Management LLC now owns 5,246 shares of the utilities provider’s stock worth $421,000 after buying an additional 376 shares during the last quarter. Howe & Rusling Inc. increased its holdings in NextEra Energy by 2.4% during the fourth quarter. Howe & Rusling Inc. now owns 263,427 shares of the utilities provider’s stock valued at $21,148,000 after buying an additional 6,276 shares during the last quarter. Dempze Nancy E raised its position in NextEra Energy by 17.1% in the fourth quarter. Dempze Nancy E now owns 8,616 shares of the utilities provider’s stock worth $692,000 after acquiring an additional 1,260 shares during the period. Notis McConarty Edward boosted its stake in shares of NextEra Energy by 1.7% during the 4th quarter. Notis McConarty Edward now owns 11,918 shares of the utilities provider’s stock worth $957,000 after acquiring an additional 200 shares during the last quarter. Finally, Opal Capital LLC bought a new stake in shares of NextEra Energy during the 4th quarter valued at $10,936,000. Institutional investors own 78.72% of the company’s stock.
NextEra Energy Trading Up 0.2%
Shares of NEE stock opened at $86.25 on Wednesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54. The stock has a fifty day simple moving average of $90.66 and a two-hundred day simple moving average of $88.28. The firm has a market capitalization of $179.86 billion, a PE ratio of 21.95, a PEG ratio of 2.53 and a beta of 0.68. NextEra Energy, Inc. has a 52-week low of $67.20 and a 52-week high of $98.75.
NextEra Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were given a dividend of $0.6232 per share. The ex-dividend date was Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. NextEra Energy’s dividend payout ratio is currently 63.36%.
Analyst Upgrades and Downgrades
Several research firms have recently commented on NEE. DA Davidson upped their price objective on NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Mizuho boosted their price target on NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. HSBC upped their price target on NextEra Energy from $103.00 to $106.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Scotiabank raised their price objective on NextEra Energy from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Finally, Sanford C. Bernstein set a $107.00 price objective on NextEra Energy in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.57.
View Our Latest Stock Report on NextEra Energy
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.
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