Dynamic Technology Lab Private Ltd purchased a new stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,307 shares of the utilities provider’s stock, valued at approximately $1,149,000.
Other large investors have also recently added to or reduced their stakes in the company. Anfield Capital Management LLC raised its holdings in NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 270 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new stake in NextEra Energy during the 4th quarter valued at $25,000. Quest 10 Wealth Builders Inc. increased its holdings 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 valued at $30,000 after purchasing an additional 218 shares in the last quarter. Strive Asset Management LLC acquired a new stake in NextEra Energy during the 3rd quarter valued at $29,000. Finally, Joseph Group Capital Management acquired a new stake in NextEra Energy during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 78.72% of the company’s stock.
NextEra Energy Stock Up 1.3%
NYSE:NEE opened at $85.92 on Friday. NextEra Energy, Inc. has a 12-month low of $67.20 and a 12-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. The firm has a market capitalization of $179.18 billion, a P/E ratio of 21.86, a P/E/G ratio of 2.49 and a beta of 0.68. The stock’s fifty day simple moving average is $90.94 and its 200-day simple moving average is $88.24.
NextEra Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be given a $0.6232 dividend. 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 (DPR) is currently 63.36%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on NEE. JPMorgan Chase & Co. raised their price target on NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Evercore reaffirmed an “outperform” rating and set a $107.00 price target on shares of NextEra Energy in a report on Monday, May 4th. Morgan Stanley set a $111.00 price target on NextEra Energy in a report on Thursday, May 21st. Wall Street Zen cut NextEra Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Finally, TD Cowen raised their price target on NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.20.
Get Our Latest Research 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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