First Manhattan CO. LLC. trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 3.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 285,170 shares of the utilities provider’s stock after selling 8,719 shares during the period. First Manhattan CO. LLC.’s holdings in NextEra Energy were worth $22,893,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Garrison Point Advisors LLC grew its holdings in NextEra Energy by 0.4% during the 4th quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider’s stock valued at $2,269,000 after purchasing an additional 109 shares in the last quarter. 3Chopt Investment Partners LLC grew its holdings in NextEra Energy by 0.8% during the 4th quarter. 3Chopt Investment Partners LLC now owns 14,105 shares of the utilities provider’s stock valued at $1,132,000 after purchasing an additional 114 shares in the last quarter. Nemes Rush Group LLC grew its holdings in NextEra Energy by 5.2% during the 4th quarter. Nemes Rush Group LLC now owns 2,354 shares of the utilities provider’s stock valued at $189,000 after purchasing an additional 117 shares in the last quarter. Isthmus Partners LLC grew its holdings in NextEra Energy by 1.9% during the 3rd quarter. Isthmus Partners LLC now owns 6,590 shares of the utilities provider’s stock valued at $497,000 after purchasing an additional 120 shares in the last quarter. Finally, Westmount Partners LLC grew its holdings in NextEra Energy by 1.9% during the 4th quarter. Westmount Partners LLC now owns 6,660 shares of the utilities provider’s stock valued at $535,000 after purchasing an additional 125 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.
NextEra Energy Trading Down 0.6%
NextEra Energy stock opened at $85.73 on Thursday. The firm’s 50-day moving average is $90.52 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. NextEra Energy, Inc. has a 1 year low of $67.20 and a 1 year high of $98.75. The company has a market cap of $178.78 billion, a P/E ratio of 21.82, a PEG ratio of 2.53 and a beta of 0.68.
NextEra Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were given a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, June 5th. NextEra Energy’s dividend payout ratio (DPR) is presently 63.36%.
Analyst Ratings Changes
A number of research firms have commented on NEE. 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 note on Thursday, March 5th. TD Cowen increased their price objective on shares of NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Sanford C. Bernstein set a $107.00 price objective on shares of NextEra Energy and gave the company an “outperform” rating in a research note on Tuesday. Morgan Stanley set a $111.00 price objective on shares of NextEra Energy in a research note on Thursday, May 21st. Finally, BMO Capital Markets reduced their price objective on shares of NextEra Energy from $104.00 to $102.00 and set an “outperform” rating on the stock in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $99.57.
Get Our Latest Analysis 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.
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