Ardsley Advisory Partners LP purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 25,000 shares of the utilities provider’s stock, valued at approximately $2,007,000.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Indivisible Partners purchased a new stake in NextEra Energy in the fourth quarter worth $1,355,000. First Long Island Investors LLC purchased a new position in NextEra Energy during the third quarter valued at $14,198,000. SevenBridge Financial Group LLC boosted its holdings in shares of NextEra Energy by 39.7% during the 3rd quarter. SevenBridge Financial Group LLC now owns 49,603 shares of the utilities provider’s stock valued at $3,745,000 after buying an additional 14,089 shares in the last quarter. Swedbank AB boosted its holdings in shares of NextEra Energy by 13.4% during the 4th quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider’s stock valued at $81,615,000 after buying an additional 120,389 shares in the last quarter. Finally, Carnegie Investment Counsel grew its position in shares of NextEra Energy by 9.4% in the 4th quarter. Carnegie Investment Counsel now owns 458,141 shares of the utilities provider’s stock worth $36,780,000 after buying an additional 39,250 shares during the period. 78.72% of the stock is currently owned by institutional investors.
NextEra Energy Price Performance
Shares of NYSE:NEE opened at $85.73 on Thursday. NextEra Energy, Inc. has a 1-year low of $67.20 and a 1-year high of $98.75. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44. The business has a fifty day moving average price of $90.52 and a 200-day moving average price of $88.28. The company has a market capitalization of $178.78 billion, a PE ratio of 21.82, a PEG ratio of 2.53 and a beta of 0.68.
NextEra Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were issued a dividend of $0.6232 per share. The ex-dividend date was Friday, June 5th. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. NextEra Energy’s dividend payout ratio (DPR) is presently 63.36%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on NEE. Erste Group Bank upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Scotiabank upped their price objective on shares of NextEra Energy from $102.00 to $110.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Mizuho raised their target price on shares of NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, BMO Capital Markets dropped their price target on NextEra Energy from $104.00 to $102.00 and set an “outperform” rating on the stock in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $99.57.
Check Out Our Latest Report on NEE
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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