Park National Corp OH lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 6.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,672 shares of the utilities provider’s stock after selling 7,078 shares during the quarter. Park National Corp OH’s holdings in NextEra Energy were worth $7,398,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Deutsche Bank AG lifted its holdings in NextEra Energy by 2.9% during the 4th quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider’s stock worth $1,387,347,000 after buying an additional 485,854 shares in the last quarter. Legal & General Group Plc purchased a new position in NextEra Energy in the second quarter valued at $1,465,987,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in NextEra Energy by 5.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,302,084 shares of the utilities provider’s stock worth $1,430,834,000 after purchasing an additional 895,824 shares in the last quarter. Amundi increased its holdings in NextEra Energy by 46.5% during the 2nd quarter. Amundi now owns 13,329,077 shares of the utilities provider’s stock worth $1,169,839,000 after purchasing an additional 4,231,814 shares during the period. Finally, Bessemer Group Inc. boosted its stake in shares of NextEra Energy by 8.5% in the 1st quarter. Bessemer Group Inc. now owns 10,187,013 shares of the utilities provider’s stock valued at $946,169,000 after buying an additional 799,546 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.
NextEra Energy Stock Down 0.4%
Shares of NYSE NEE traded down $0.28 during midday trading on Monday, reaching $76.55. 3,612,702 shares of the company’s stock were exchanged, compared to its average volume of 10,754,137. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. NextEra Energy, Inc. has a 52-week low of $74.41 and a 52-week high of $98.75. The business’s fifty day moving average price is $82.95 and its two-hundred day moving average price is $87.52. The stock has a market capitalization of $159.67 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 2.38 and a beta of 0.64.
NextEra Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were paid a $0.6232 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $2.49 annualized dividend and a dividend yield of 3.3%. NextEra Energy’s payout ratio is currently 55.96%.
Analyst Ratings Changes
Several brokerages recently weighed in on NEE. BMO Capital Markets raised their target price on shares of NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Weiss Ratings reiterated a “buy (b-)” rating on shares of NextEra Energy in a research note on Tuesday, September 8th. Scotiabank decreased their price target on NextEra Energy from $110.00 to $99.00 and set an “outperform” rating for the company in a report on Wednesday, September 30th. Seaport Research Partners reiterated a “sell” rating and issued a $56.00 price objective (up from $55.00) on shares of NextEra Energy in a report on Friday. Finally, Jefferies Financial Group set a $94.00 price target on NextEra Energy in a report on Tuesday, July 14th. Eighteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.67.
Read Our Latest Research Report on NEE
About NextEra Energy
NextEra Energy, Inc is an electric power and energy infrastructure company headquartered in Juno Beach, Florida. Through its principal subsidiary, Florida Power & Light Company (FPL), the company generates, transmits, distributes and sells electricity to customers across Florida. FPL serves residential, commercial and industrial customers and operates a diverse generation portfolio that includes natural gas, solar, nuclear and other resources.
NextEra Energy’s other major business, NextEra Energy Resources, develops, owns and operates energy projects in the United States and Canada.
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