TIAA Trust National Association raised its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 133,438 shares of the utilities provider’s stock after buying an additional 9,799 shares during the period. TIAA Trust National Association’s holdings in NextEra Energy were worth $10,712,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in NEE. 3Chopt Investment Partners LLC lifted its position in shares of NextEra Energy by 0.8% in the 4th quarter. 3Chopt Investment Partners LLC now owns 14,105 shares of the utilities provider’s stock worth $1,132,000 after purchasing an additional 114 shares during the period. Nemes Rush Group LLC lifted its position in shares of NextEra Energy by 5.2% in the 4th quarter. Nemes Rush Group LLC now owns 2,354 shares of the utilities provider’s stock worth $189,000 after purchasing an additional 117 shares during the period. Isthmus Partners LLC lifted its position in shares of NextEra Energy by 1.9% in the 3rd quarter. Isthmus Partners LLC now owns 6,590 shares of the utilities provider’s stock worth $497,000 after purchasing an additional 120 shares during the period. Westmount Partners LLC lifted its position in shares of NextEra Energy by 1.9% in the 4th quarter. Westmount Partners LLC now owns 6,660 shares of the utilities provider’s stock worth $535,000 after purchasing an additional 125 shares during the period. Finally, Crew Capital Management Ltd lifted its position in shares of NextEra Energy by 3.9% in the 4th quarter. Crew Capital Management Ltd now owns 3,347 shares of the utilities provider’s stock worth $269,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.
NextEra Energy Stock Up 0.7%
Shares of NextEra Energy stock opened at $84.58 on Wednesday. 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 company has a 50-day moving average of $91.38 and a 200 day moving average of $88.24. The firm has a market cap of $176.37 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 2.46 and a beta of 0.68. NextEra Energy, Inc. has a 1 year low of $67.20 and a 1 year high of $98.75.
NextEra Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be paid 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 presently 63.36%.
Analyst Ratings Changes
Several equities research analysts have recently commented on NEE shares. BMO Capital Markets dropped their target price on shares of NextEra Energy from $104.00 to $102.00 and set an “outperform” rating for the company in a research report on Monday, May 18th. TD Cowen raised their target price on shares of NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Erste Group Bank raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. UBS Group raised their target price on shares of NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Mizuho raised their target price on shares of NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $99.20.
Get Our Latest Stock Report on NEE
Insider Activity
In related news, EVP Nicole J. Daggs sold 4,934 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $93.00, for a total value of $458,862.00. Following the completion of the transaction, the executive vice president directly owned 16,905 shares in the company, valued at $1,572,165. This trade represents a 22.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by insiders.
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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