Nvest Financial LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,882 shares of the utilities provider’s stock after acquiring an additional 373 shares during the quarter. NextEra Energy accounts for approximately 1.5% of Nvest Financial LLC’s investment portfolio, making the stock its 19th biggest holding. Nvest Financial LLC’s holdings in NextEra Energy were worth $2,610,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC raised its position in shares of NextEra Energy by 35.7% in the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after purchasing an additional 26,382 shares during the period. Ancora Advisors LLC raised its holdings in NextEra Energy by 10.6% in the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after acquiring an additional 7,677 shares during the period. Magnolia Capital Advisors LLC lifted its position in NextEra Energy by 1,224.3% during the second quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock worth $5,130,000 after acquiring an additional 66,982 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of NextEra Energy by 57.0% during the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after acquiring an additional 2,163,437 shares during the period. Finally, Studio Investment Management LLC grew its position in shares of NextEra Energy by 12.9% in the fourth quarter. Studio Investment Management LLC now owns 94,852 shares of the utilities provider’s stock valued at $5,761,000 after purchasing an additional 10,837 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.
NextEra Energy Stock Up 0.6 %
Shares of NYSE:NEE traded up $0.52 during midday trading on Friday, hitting $81.46. 2,490,181 shares of the company’s stock were exchanged, compared to its average volume of 10,813,681. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The stock has a 50 day moving average price of $81.12 and a 200-day moving average price of $74.59. NextEra Energy, Inc. has a 12 month low of $50.95 and a 12 month high of $86.10. The company has a market cap of $167.43 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56.
NextEra Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.515 per share. The ex-dividend date was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.53%. NextEra Energy’s dividend payout ratio (DPR) is currently 66.88%.
Wall Street Analysts Forecast Growth
NEE has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. Wells Fargo & Company raised their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Finally, Barclays increased their price target on NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $83.07.
View Our Latest Research Report on NEE
Insiders Place Their Bets
In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.18% of the company’s stock.
About NextEra Energy
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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