Tudor Financial Inc. lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 295.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,438 shares of the utilities provider’s stock after buying an additional 6,302 shares during the period. Tudor Financial Inc.’s holdings in NextEra Energy were worth $741,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in NextEra Energy in the 4th quarter valued at $2,816,327,000. Legal & General Group Plc purchased a new position in shares of NextEra Energy in the second quarter worth about $1,465,987,000. GQG Partners LLC bought a new stake in NextEra Energy during the 2nd quarter valued at $651,293,000. Canada Pension Plan Investment Board bought a new stake in shares of NextEra Energy during the 2nd quarter valued at $389,527,000. Finally, Caisse de depot et placement du Quebec purchased a new stake in shares of NextEra Energy in the second quarter worth about $288,886,000. Institutional investors own 78.72% of the company’s stock.
NextEra Energy Price Performance
Shares of NYSE NEE opened at $83.33 on Friday. NextEra Energy, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $98.75. 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 market capitalization of $173.81 billion, a price-to-earnings ratio of 18.73, a P/E/G ratio of 2.58 and a beta of 0.65. The company has a 50 day simple moving average of $86.54 and a two-hundred day simple moving average of $89.41.
NextEra Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be paid a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, August 28th. NextEra Energy’s payout ratio is currently 55.96%.
Analyst Ratings Changes
NEE has been the subject of several recent analyst reports. Morgan Stanley set a $114.00 price objective on NextEra Energy and gave the stock an “overweight” rating in a report on Friday, August 21st. HC Wainwright reissued a “buy” rating on shares of NextEra Energy in a report on Monday, July 27th. BMO Capital Markets increased their price target on shares of NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Barclays set a $91.00 price target on shares of NextEra Energy and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Seventeen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.33.
Check Out Our Latest 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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