Vontobel Holding Ltd. boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 72.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,661,077 shares of the utilities provider’s stock after purchasing an additional 698,840 shares during the quarter. Vontobel Holding Ltd. owned about 0.08% of NextEra Energy worth $133,351,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new stake in NextEra Energy during the 4th quarter valued at about $25,000. Anfield Capital Management LLC grew its position in NextEra Energy by 692.3% during the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 270 shares during the last quarter. Strive Asset Management LLC purchased a new stake in NextEra Energy during the 3rd quarter valued at about $29,000. Quest 10 Wealth Builders Inc. grew its position 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 during the last quarter. Finally, Joseph Group Capital Management purchased a new stake in NextEra Energy during the 4th quarter valued at about $32,000. 78.72% of the stock is owned by hedge funds and other institutional investors.
NextEra Energy Stock Performance
Shares of NYSE NEE opened at $85.92 on Friday. The firm’s 50-day moving average price is $90.94 and its 200-day moving average price is $88.24. 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 company has a market cap of $179.18 billion, a PE ratio of 21.86, a PEG ratio of 2.49 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders 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 is 63.36%.
Analyst Ratings Changes
Several brokerages recently commented on NEE. Jefferies Financial Group increased their price objective 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. UBS Group increased their price objective on shares of NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Morgan Stanley set a $111.00 price target on shares of NextEra Energy in a report on Thursday, May 21st. Mizuho raised their price target on shares of NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Finally, BTIG Research reaffirmed a “buy” rating and set a $112.00 price target on shares of NextEra Energy in a report on Friday, April 24th. One 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 company. According to MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $99.20.
Read Our Latest Stock Report on NEE
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.
Read More
- Five stocks we like better than NextEra Energy
- MarketBeat Week in Review – 06/08 – 06/12
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE – Free Report).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.
