Spirit of America Management Corp NY grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 6.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,575 shares of the utilities provider’s stock after purchasing an additional 3,350 shares during the quarter. Spirit of America Management Corp NY’s holdings in NextEra Energy were worth $3,719,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management increased its position in shares of NextEra Energy by 79.7% during the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of NextEra Energy during the 2nd quarter valued at about $25,000. 1 North Wealth Services LLC purchased a new stake in shares of NextEra Energy during the 1st quarter valued at about $26,000. Nova Wealth Management Inc. purchased a new stake in shares of NextEra Energy during the 1st quarter valued at about $32,000. Finally, IMA Advisory Services Inc. purchased a new stake in shares of NextEra Energy during the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.
NextEra Energy Trading Down 0.7%
Shares of NEE opened at $84.48 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.74. The company has a 50 day simple moving average of $75.54 and a two-hundred day simple moving average of $72.22. The firm has a market cap of $173.98 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 2.87 and a beta of 0.66.
NextEra Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is 79.02%.
Wall Street Analyst Weigh In
Several research firms have recently commented on NEE. BMO Capital Markets upped their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. New Street Research set a $84.00 target price on shares of NextEra Energy in a report on Monday. TD Cowen assumed coverage on shares of NextEra Energy in a report on Thursday. They issued a “buy” rating and a $98.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of NextEra Energy in a report on Tuesday. Finally, HSBC reduced their target price on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, July 11th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given 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 price target of $86.40.
View Our Latest Stock Report on NextEra Energy
Insider Buying and Selling at NextEra Energy
In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $13,398,480. This trade represents a 6.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,705 shares of company stock worth $2,446,490. Insiders own 0.20% 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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