Evelyn Partners Investment Management LLP raised its position in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 14.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 405,615 shares of the utilities provider’s stock after acquiring an additional 52,230 shares during the quarter. NextEra Energy accounts for about 0.9% of Evelyn Partners Investment Management LLP’s investment portfolio, making the stock its 29th largest holding. Evelyn Partners Investment Management LLP’s holdings in NextEra Energy were worth $32,563,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Indivisible Partners acquired a new stake in shares of NextEra Energy during the fourth quarter worth approximately $1,355,000. First Long Island Investors LLC acquired a new stake in shares of NextEra Energy during the third quarter worth approximately $14,198,000. SevenBridge Financial Group LLC grew its position in shares of NextEra Energy by 39.7% during the third quarter. SevenBridge Financial Group LLC now owns 49,603 shares of the utilities provider’s stock worth $3,745,000 after buying an additional 14,089 shares in the last quarter. Carnegie Investment Counsel grew its position in shares of NextEra Energy by 9.4% during the fourth quarter. Carnegie Investment Counsel now owns 458,141 shares of the utilities provider’s stock worth $36,780,000 after buying an additional 39,250 shares in the last quarter. Finally, Swedbank AB grew its position in shares of NextEra Energy by 13.4% during the fourth quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider’s stock worth $81,615,000 after buying an additional 120,389 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.
NextEra Energy Stock Performance
Shares of NEE opened at $85.92 on Friday. The business’s fifty day moving average price is $90.94 and its 200 day moving average price is $88.24. NextEra Energy, Inc. has a 12-month low of $67.20 and a 12-month high of $98.75. The stock has a market capitalization of $179.18 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 2.52 and a beta of 0.68. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44.
NextEra Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be paid a dividend of $0.6232 per share. 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%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on NEE shares. BMO Capital Markets decreased their price target on shares of NextEra Energy from $104.00 to $102.00 and set an “outperform” rating for the company in a research report on Monday, May 18th. Wall Street Zen downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. BTIG Research reissued a “buy” rating and set a $112.00 price target on shares of NextEra Energy in a research report on Friday, April 24th. Finally, Wells Fargo & Company set a $102.00 price target on shares of NextEra Energy and gave the stock an “overweight” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $99.20.
Check Out Our Latest Analysis on NextEra Energy
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.
Further Reading
- Five stocks we like better than NextEra Energy
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE – Free Report).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.
