HighTower Advisors LLC grew its position in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 2.8% in the second quarter, Holdings Channel.com reports. The fund owned 2,619,884 shares of the utilities provider’s stock after buying an additional 70,981 shares during the period. HighTower Advisors LLC’s holdings in NextEra Energy were worth $229,947,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the company. California State Teachers Retirement System boosted its stake in NextEra Energy by 8,297.4% during the second quarter. California State Teachers Retirement System now owns 222,175,185 shares of the utilities provider’s stock worth $19,500,316,000 after buying an additional 219,529,415 shares in the last quarter. Norges Bank acquired a new position in shares of NextEra Energy in the 4th quarter valued at $2,816,327,000. Legal & General Group Plc acquired a new position in shares of NextEra Energy in the 2nd quarter valued at $1,465,987,000. GQG Partners LLC bought a new position in shares of NextEra Energy during the 2nd quarter worth about $651,293,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of NextEra Energy during the 2nd quarter valued at about $389,527,000. Institutional investors and hedge funds own 78.72% of the company’s stock.
NextEra Energy Trading Down 0.1%
Shares of NEE stock opened at $83.33 on Monday. The company has a market capitalization of $173.81 billion, a P/E ratio of 18.73, a P/E/G ratio of 2.58 and a beta of 0.65. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. The firm has a 50-day moving average price of $86.54 and a 200 day moving average price of $89.38.
NextEra Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 annualized dividend and a yield of 3.0%. NextEra Energy’s payout ratio is presently 55.96%.
Wall Street Analyst Weigh In
NEE has been the topic of a number of analyst reports. Weiss Ratings cut shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Mizuho set a $95.00 price target 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 company an “equal weight” rating in a report on Tuesday, July 7th. Bank of America dropped their target price on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a report on Monday, July 13th. Finally, Morgan Stanley set a $114.00 price target on NextEra Energy and gave the company an “overweight” rating in a research note on Friday, August 21st. Seventeen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $100.33.
Check Out Our Latest Stock 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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