Zinnia Wealth Advisory LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,182 shares of the utilities provider’s stock, valued at approximately $496,000.
A number of other hedge funds also recently bought and sold shares of NEE. Indivisible Partners acquired a new stake in NextEra Energy in the fourth quarter valued at $1,355,000. First Long Island Investors LLC purchased a new stake in NextEra Energy during the 3rd quarter worth about $14,198,000. SevenBridge Financial Group LLC boosted its position in shares of NextEra Energy by 39.7% during the 3rd quarter. SevenBridge Financial Group LLC now owns 49,603 shares of the utilities provider’s stock worth $3,745,000 after acquiring an additional 14,089 shares in the last quarter. Carnegie Investment Counsel increased its holdings in shares of NextEra Energy by 9.4% in the 4th quarter. Carnegie Investment Counsel now owns 458,141 shares of the utilities provider’s stock valued at $36,780,000 after acquiring an additional 39,250 shares during the last quarter. Finally, Swedbank AB increased its holdings in shares of NextEra Energy by 13.4% in the 4th quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider’s stock valued at $81,615,000 after acquiring an additional 120,389 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.
NextEra Energy Trading Down 0.1%
NYSE NEE opened at $85.92 on Monday. 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 stock has a market capitalization of $179.18 billion, a P/E ratio of 21.86, a P/E/G ratio of 2.52 and a beta of 0.68. NextEra Energy, Inc. has a 52-week low of $67.20 and a 52-week high of $98.75. The firm has a 50-day moving average price of $90.94 and a 200 day moving average price of $88.27.
NextEra Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be issued a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, June 5th. NextEra Energy’s dividend payout ratio is currently 63.36%.
Analyst Upgrades and Downgrades
Several brokerages recently commented on NEE. Mizuho lifted their price target on shares of NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. BMO Capital Markets reduced 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. UBS Group increased their price target on shares of NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Weiss Ratings lowered shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Finally, Barclays set a $90.00 target price on shares of NextEra Energy and gave the company an “equal weight” rating in a report on Tuesday, May 26th. One equities research 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. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.20.
Get Our Latest Analysis on NextEra Energy
NextEra Energy Profile
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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