Focus Partners Wealth lifted its position in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 20.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,111,791 shares of the utilities provider’s stock after purchasing an additional 185,014 shares during the period. Focus Partners Wealth owned about 0.05% of NextEra Energy worth $89,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Anfield Capital Management LLC increased 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 worth $25,000 after acquiring an additional 270 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in NextEra Energy in the 4th quarter worth $25,000. Quest 10 Wealth Builders Inc. increased its holdings in NextEra Energy by 135.4% in 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 in the last quarter. Strive Asset Management LLC purchased a new stake in NextEra Energy in the 3rd quarter worth $29,000. Finally, Joseph Group Capital Management purchased a new stake in NextEra Energy in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.
NextEra Energy Trading Down 0.1%
NYSE NEE opened at $85.92 on Monday. The firm’s 50-day moving average is $90.94 and its two-hundred day moving average is $88.27. NextEra Energy, Inc. has a 12 month low of $67.20 and a 12 month 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 stock has a market capitalization of $179.18 billion, a P/E ratio of 21.86, a PEG ratio of 2.52 and a beta of 0.68.
NextEra Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 5th will be given a $0.6232 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. NextEra Energy’s dividend payout ratio is presently 63.36%.
Wall Street Analysts Forecast Growth
NEE has been the subject of several recent analyst reports. BMO Capital Markets cut their price target on shares of NextEra Energy from $104.00 to $102.00 and set an “outperform” rating for the company in a report on Monday, May 18th. Jefferies Financial Group boosted their price target on shares of NextEra Energy from $92.00 to $93.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. Erste Group Bank raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. Weiss Ratings cut shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. 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. According to MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.20.
Get Our Latest Analysis 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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