Parr Mcknight Wealth Management Group LLC increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 20.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,004 shares of the utilities provider’s stock after acquiring an additional 12,961 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in NextEra Energy were worth $6,671,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Laurel Wealth Advisors LLC purchased a new position in NextEra Energy in the 4th quarter worth approximately $25,000. Anfield Capital Management LLC grew its holdings in shares of NextEra Energy by 692.3% in 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. Wealth Watch Advisors INC grew its holdings in shares of NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 226 shares during the period. Osbon Capital Management LLC acquired a new stake in NextEra Energy during the fourth quarter worth about $27,000. Finally, Strive Asset Management LLC acquired a new stake in NextEra Energy during the third quarter worth about $29,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.
NextEra Energy Trading Up 0.5%
Shares of NYSE NEE opened at $84.10 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $175.41 billion, a PE ratio of 18.90, a PEG ratio of 2.29 and a beta of 0.67. NextEra Energy, Inc. has a twelve month low of $69.24 and a twelve month high of $98.75. The stock has a fifty day simple moving average of $87.18 and a 200-day simple moving average of $89.87.
NextEra Energy Announces Dividend
The firm also recently declared 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. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s dividend payout ratio is currently 55.96%.
Analyst Ratings Changes
Several equities analysts have weighed in on NEE shares. Weiss Ratings lowered shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. BMO Capital Markets upped their price objective on NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Mizuho set a $95.00 price objective on NextEra Energy in a report on Monday, July 27th. Finally, HSBC raised their target price on NextEra Energy from $103.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $100.33.
View Our Latest Stock Report on NEE
NextEra Energy 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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