Worth Financial Advisory Group LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) in the second quarter, Holdings Channel.com reports. The firm acquired 7,046 shares of the utilities provider’s stock, valued at approximately $618,000.
Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in NextEra Energy in the 4th quarter valued at $2,816,327,000. Employees Provident Fund Board acquired a new position in NextEra Energy during the fourth quarter worth $240,840,000. Pictet Asset Management Holding SA lifted its holdings in NextEra Energy by 47.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock valued at $742,913,000 after purchasing an additional 2,972,924 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of NextEra Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock worth $17,343,185,000 after purchasing an additional 2,234,176 shares in the last quarter. Finally, Amundi raised its position in shares of NextEra Energy by 16.7% during the 3rd quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock worth $1,012,129,000 after purchasing an additional 1,780,881 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.
NextEra Energy Price Performance
NYSE:NEE opened at $83.71 on Friday. NextEra Energy, Inc. has a 52 week low of $69.24 and a 52 week high of $98.75. The stock’s fifty day moving average is $87.22 and its two-hundred day moving average is $89.88. The company has a market capitalization of $174.60 billion, a P/E ratio of 18.81, a P/E/G ratio of 2.33 and a beta of 0.67. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45.
NextEra Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be issued a $0.6232 dividend. This represents a $2.49 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is 55.96%.
Analyst Ratings Changes
A number of brokerages recently weighed in on NEE. Wells Fargo & Company set a $102.00 price target on shares of NextEra Energy and gave the company an “overweight” rating in a research note on Friday, April 24th. Morgan Stanley set a $114.00 target price on NextEra Energy and gave the company an “overweight” rating in a report on Friday. Bank of America decreased their target price on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a research report on Monday, July 13th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $108.00 price target on shares of NextEra Energy in a research note on Monday, July 27th. Finally, Evercore reiterated an “outperform” rating and set a $107.00 price target on shares of NextEra Energy in a research report on Monday, May 4th. Seventeen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $100.33.
View Our Latest Report on NextEra Energy
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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