State of Wisconsin Investment Board cut its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,080,395 shares of the utilities provider’s stock after selling 26,978 shares during the period. State of Wisconsin Investment Board owned about 0.05% of NextEra Energy worth $86,734,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Anfield Capital Management LLC increased its position in shares of NextEra Energy by 692.3% during the fourth 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 period. Laurel Wealth Advisors LLC bought a new stake in NextEra Energy in the fourth quarter valued at $25,000. Quest 10 Wealth Builders Inc. grew its position in NextEra Energy by 135.4% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 379 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 218 shares during the period. Strive Asset Management LLC bought a new stake in NextEra Energy in the third quarter valued at $29,000. Finally, Joseph Group Capital Management bought a new stake in NextEra Energy in the fourth quarter valued at $32,000. 78.72% of the stock is currently owned by institutional investors.
NextEra Energy Price Performance
Shares of NEE stock opened at $86.25 on Wednesday. The stock’s fifty day moving average is $90.66 and its 200-day moving average is $88.28. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54. The stock has a market capitalization of $179.86 billion, a PE ratio of 21.95, a PEG ratio of 2.53 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 Announces Dividend
The firm also recently announced 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. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, June 5th. NextEra Energy’s dividend payout ratio is presently 63.36%.
Analyst Upgrades and Downgrades
NEE has been the topic of a number of analyst reports. HSBC upped their price target on NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. BMO Capital Markets lowered 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. Weiss Ratings cut NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. BTIG Research reiterated a “buy” rating and issued a $112.00 price target on shares of NextEra Energy in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. upped their price target on NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.57.
Read Our Latest Analysis 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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