United Bank acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 15,633 shares of the utilities provider’s stock, valued at approximately $1,372,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of NEE. Laurel Wealth Advisors LLC purchased a new position in NextEra Energy in the fourth quarter worth $25,000. Anfield Capital Management LLC lifted its holdings in shares of NextEra Energy by 692.3% during the 4th 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 last quarter. Wealth Watch Advisors INC boosted its position in shares of NextEra Energy by 223.8% in the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 226 shares in the last quarter. Osbon Capital Management LLC acquired a new stake in shares of NextEra Energy in the 4th quarter worth $27,000. Finally, Strive Asset Management LLC purchased a new position in NextEra Energy during the 3rd quarter worth $29,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.
NextEra Energy Stock Performance
Shares of NEE stock opened at $81.74 on Friday. The business has a fifty day moving average of $86.95 and a 200 day moving average of $89.70. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. The firm has a market capitalization of $170.49 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 2.28 and a beta of 0.67.
NextEra Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be given a $0.6232 dividend. The ex-dividend date is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. NextEra Energy’s dividend payout ratio is currently 55.96%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on NEE. Barclays set a $91.00 target price on NextEra Energy and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Wall Street Zen lowered NextEra Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 22nd. Weiss Ratings downgraded shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Evercore reaffirmed an “outperform” rating and issued a $107.00 price objective on shares of NextEra Energy in a research report on Monday, May 4th. Finally, Jefferies Financial Group set a $94.00 target price on shares of NextEra Energy in a research note on Tuesday, July 14th. Seventeen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $100.33.
Check Out Our Latest Research Report on NextEra Energy
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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