Kestra Private Wealth Services LLC lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 278,369 shares of the utilities provider’s stock after selling 8,090 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in NextEra Energy were worth $24,432,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Town Capital LLC bought a new stake in NextEra Energy during the second quarter worth approximately $717,000. Clear Creek Financial Management LLC lifted its stake in shares of NextEra Energy by 6.2% in the second quarter. Clear Creek Financial Management LLC now owns 24,116 shares of the utilities provider’s stock worth $2,117,000 after buying an additional 1,400 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of NextEra Energy by 5.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 113,722 shares of the utilities provider’s stock worth $10,061,000 after buying an additional 5,388 shares during the period. MOKAN Wealth Management Inc. boosted its holdings in shares of NextEra Energy by 61.8% during the 2nd quarter. MOKAN Wealth Management Inc. now owns 7,578 shares of the utilities provider’s stock worth $665,000 after buying an additional 2,893 shares during the period. Finally, First Fiduciary Investment Counsel Inc. grew its stake in NextEra Energy by 0.4% in the 2nd quarter. First Fiduciary Investment Counsel Inc. now owns 151,069 shares of the utilities provider’s stock valued at $13,259,000 after buying an additional 622 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.
NextEra Energy Stock Up 0.1%
Shares of NEE opened at $86.29 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. The company has a 50-day simple moving average of $87.25 and a 200-day simple moving average of $89.96. NextEra Energy, Inc. has a 52 week low of $69.24 and a 52 week high of $98.75. The firm has a market capitalization of $179.98 billion, a P/E ratio of 19.39, a P/E/G ratio of 2.36 and a beta of 0.67.
NextEra Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be given a dividend of $0.6232 per share. The ex-dividend date is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. NextEra Energy’s payout ratio is currently 55.96%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on NEE. Erste Group Bank lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. BTIG Research reaffirmed a “buy” rating and issued a $112.00 price target on shares of NextEra Energy in a research report on Friday, April 24th. HC Wainwright reiterated a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Barclays set a $91.00 price objective on NextEra Energy and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $108.00 target price on shares of NextEra Energy in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $99.36.
Get 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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