Cloverfields Capital Group LP Invests $265,000 in NextEra Energy, Inc. (NYSE:NEE)

Cloverfields Capital Group LP acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,370 shares of the utilities provider’s stock, valued at approximately $265,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clear Investment Research LLC lifted its holdings in shares of NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new position in NextEra Energy in the fourth quarter valued at approximately $29,000. Stuart Chaussee & Associates Inc. boosted its position in NextEra Energy by 315.4% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 410 shares in the last quarter. Valued Wealth Advisors LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth approximately $34,000. Finally, Rakuten Securities Inc. purchased a new position in shares of NextEra Energy during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the subject of a number of recent analyst reports. Barclays initiated coverage on shares of NextEra Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective for the company. BMO Capital Markets upped their price target on NextEra Energy from $72.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Mizuho raised their price objective on NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Wells Fargo & Company upped their target price on NextEra Energy from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Finally, Scotiabank lifted their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.93.

Read Our Latest Analysis on NextEra Energy

NextEra Energy Price Performance

NYSE NEE traded up $1.83 during trading hours on Friday, hitting $80.02. 16,196,032 shares of the company’s stock traded hands, compared to its average volume of 10,344,890. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The firm’s 50-day moving average is $69.15 and its 200-day moving average is $62.34. The company has a market capitalization of $164.40 billion, a PE ratio of 21.80, a PEG ratio of 2.93 and a beta of 0.50. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.47.

NextEra Energy (NYSE:NEEGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. Equities analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.515 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $2.06 annualized dividend and a yield of 2.57%. NextEra Energy’s payout ratio is 56.13%.

About NextEra Energy

(Free Report)

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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