iSAM Funds UK Ltd purchased a new position in NextEra Energy, Inc. (NYSE:NEE – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,900 shares of the utilities provider’s stock, valued at approximately $1,220,000. NextEra Energy comprises 0.9% of iSAM Funds UK Ltd’s investment portfolio, making the stock its 23rd largest position.
A number of other large investors have also modified their holdings of the company. 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 worth $25,000 after acquiring an additional 270 shares during the period. Kilter Group LLC acquired a new stake in NextEra Energy in the 2nd quarter valued at about $25,000. Wealth Watch Advisors INC lifted its holdings in NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after buying an additional 226 shares during the period. Manning & Napier Advisors LLC bought a new position in NextEra Energy during the second quarter worth about $26,000. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in NextEra Energy during the 2nd quarter worth $26,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy Stock Performance
Shares of NextEra Energy stock opened at $83.33 on Friday. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The business has a 50-day moving average price of $86.54 and a two-hundred day moving average price of $89.41. The company has a market cap of $173.81 billion, a P/E ratio of 18.73, a PEG ratio of 2.60 and a beta of 0.65.
NextEra Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be given 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 of this dividend is Friday, August 28th. NextEra Energy’s dividend payout ratio is presently 55.96%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. BMO Capital Markets raised their price objective on NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, July 27th. HC Wainwright reaffirmed a “buy” rating on shares of NextEra Energy in a report on Monday, July 27th. Barclays set a $91.00 price target on NextEra Energy and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Wall Street Zen downgraded shares of NextEra Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 22nd. Finally, Jefferies Financial Group set a $94.00 price target on shares of NextEra Energy in a report on Tuesday, July 14th. Seventeen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.33.
Read Our Latest Analysis on NextEra Energy
NextEra Energy Company 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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