Noesis Capital Mangement Corp raised its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 5.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 177,543 shares of the utilities provider’s stock after acquiring an additional 9,362 shares during the period. NextEra Energy accounts for 2.4% of Noesis Capital Mangement Corp’s investment portfolio, making the stock its 16th biggest position. Noesis Capital Mangement Corp’s holdings in NextEra Energy were worth $16,490,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in NEE. Vanguard Group Inc. lifted its stake in shares of NextEra Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock valued at $17,343,185,000 after purchasing an additional 2,234,176 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of NextEra Energy by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider’s stock valued at $3,781,790,000 after acquiring an additional 966,152 shares during the period. Norges Bank bought a new stake in NextEra Energy in the 4th quarter valued at $2,816,327,000. Price T Rowe Associates Inc. MD grew its position in NextEra Energy by 6.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider’s stock worth $1,474,407,000 after buying an additional 1,136,074 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of 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 purchasing an additional 485,854 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.
NextEra Energy Stock Down 0.6%
Shares of NEE stock opened at $89.02 on Thursday. 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 0.54 and a debt-to-equity ratio of 1.41. The firm has a fifty day moving average of $88.11 and a 200-day moving average of $89.12. The company has a market capitalization of $185.63 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 2.45 and a beta of 0.67.
NextEra Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were issued a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, June 5th. NextEra Energy’s payout ratio is 63.36%.
Analyst Ratings Changes
NEE has been the topic of a number of analyst reports. Sanford C. Bernstein set a $107.00 target price on shares of NextEra Energy and gave the company an “outperform” rating in a research note on Tuesday, June 16th. Mizuho raised their target price on NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. BTIG Research reissued a “buy” rating and issued a $112.00 price target on shares of NextEra Energy in a report on Friday, April 24th. Wells Fargo & Company set a $102.00 price objective on shares of NextEra Energy and gave the company an “overweight” rating in a research report on Friday, April 24th. Finally, Evercore reaffirmed an “outperform” rating and set a $107.00 price objective on shares of NextEra Energy in a research note on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $99.64.
View Our Latest Analysis on NEE
More NextEra Energy News
Here are the key news stories impacting NextEra Energy this week:
- Positive Sentiment: NextEra Energy and Dominion Energy filed for regulatory approval of a proposed combination that would create a larger utility platform across Virginia, North Carolina, South Carolina and other growing markets, potentially boosting scale, earnings power and infrastructure growth opportunities. Article: NextEra Energy and Dominion Energy file to combine
- Neutral Sentiment: Reports highlighted the stock’s recent relative strength, with shares outperforming the broader market in the prior session, suggesting momentum may have been supported by optimism around utility demand and the company’s growth profile. Article: NextEra Energy (NEE) Laps the Stock Market: Here’s Why
- Negative Sentiment: Broader industry commentary on rising power demand from data centers and higher electricity bills raised concerns that utilities may face collection risk and pressure from affordability issues, which could weigh on sentiment for the sector. Article: The AI-Driven Rise in Power Bills Are Causing a $25 Billion Problem for Utility Stocks
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.
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