Altrafin AG acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund acquired 18,330 shares of the utilities provider’s stock, valued at approximately $1,472,000.
Several other large investors have also recently added to or reduced their stakes in the company. 3Chopt Investment Partners LLC grew its stake in NextEra Energy by 0.8% during the fourth quarter. 3Chopt Investment Partners LLC now owns 14,105 shares of the utilities provider’s stock worth $1,132,000 after buying an additional 114 shares during the last quarter. Nemes Rush Group LLC increased its holdings in shares of NextEra Energy by 5.2% in the fourth quarter. Nemes Rush Group LLC now owns 2,354 shares of the utilities provider’s stock valued at $189,000 after purchasing an additional 117 shares in the last quarter. Isthmus Partners LLC increased its holdings in shares of NextEra Energy by 1.9% in the third quarter. Isthmus Partners LLC now owns 6,590 shares of the utilities provider’s stock valued at $497,000 after purchasing an additional 120 shares in the last quarter. Westmount Partners LLC increased its holdings in shares of NextEra Energy by 1.9% in the fourth quarter. Westmount Partners LLC now owns 6,660 shares of the utilities provider’s stock valued at $535,000 after purchasing an additional 125 shares in the last quarter. Finally, Crew Capital Management Ltd increased its holdings in shares of NextEra Energy by 3.9% in the fourth quarter. Crew Capital Management Ltd now owns 3,347 shares of the utilities provider’s stock valued at $269,000 after purchasing an additional 125 shares in the last quarter. 78.72% of the stock is owned by institutional investors.
NextEra Energy Trading Up 1.3%
Shares of NYSE NEE opened at $85.92 on Friday. The company’s 50 day simple moving average is $90.94 and its 200 day simple moving average is $88.24. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44. The firm has a market capitalization of $179.18 billion, a P/E ratio of 21.86, a P/E/G ratio of 2.52 and a beta of 0.68. NextEra Energy, Inc. has a fifty-two week low of $67.20 and a fifty-two week high of $98.75.
NextEra Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 5th will be issued a $0.6232 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.49 annualized dividend and a yield of 2.9%. NextEra Energy’s dividend payout ratio (DPR) is 63.36%.
Wall Street Analyst Weigh In
NEE has been the subject of a number of research reports. TD Cowen raised their price target on shares of NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a report on Monday, April 27th. Evercore reissued an “outperform” rating and issued a $107.00 price target on shares of NextEra Energy in a report on Monday, May 4th. UBS Group raised their price target on shares of NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Wall Street Zen lowered shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Finally, HSBC raised their price target 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. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.20.
Check Out Our Latest Analysis 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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