NFJ Investment Group LLC trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 22.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 775,850 shares of the utilities provider’s stock after selling 219,361 shares during the period. NextEra Energy accounts for approximately 2.3% of NFJ Investment Group LLC’s investment portfolio, making the stock its 7th biggest position. NFJ Investment Group LLC’s holdings in NextEra Energy were worth $62,285,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new position in NextEra Energy during the fourth quarter worth $25,000. Anfield Capital Management LLC increased its holdings in NextEra Energy by 692.3% during the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after buying an additional 270 shares during the last quarter. Strive Asset Management LLC acquired a new position in NextEra Energy during the third quarter worth $29,000. Quest 10 Wealth Builders Inc. increased its holdings in NextEra Energy by 135.4% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 379 shares of the utilities provider’s stock worth $30,000 after buying an additional 218 shares during the last quarter. Finally, Joseph Group Capital Management acquired a new position in NextEra Energy during the fourth quarter worth $32,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy Trading Up 1.3%
Shares of NYSE:NEE opened at $85.92 on Friday. NextEra Energy, Inc. has a 12-month low of $67.20 and a 12-month high of $98.75. The stock has a market cap of $179.18 billion, a PE ratio of 21.86, a P/E/G ratio of 2.52 and a beta of 0.68. The business has a 50 day moving average of $90.94 and a 200-day moving average of $88.24. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41.
NextEra Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be paid a $0.6232 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. NextEra Energy’s dividend payout ratio is 63.36%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on NEE shares. TD Cowen boosted their target price on shares of NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Wells Fargo & Company set a $102.00 price objective on shares of NextEra Energy and gave the company an “overweight” rating in a report on Friday, April 24th. HSBC upped their price objective on shares of NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. DA Davidson upped their price objective on shares of NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Erste Group Bank upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $99.20.
View Our Latest Stock Report on NEE
About NextEra Energy
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.
Recommended Stories
- Five stocks we like better than NextEra Energy
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE – Free Report).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.
