Mirador Capital Partners LP lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 530.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,446 shares of the utilities provider’s stock after purchasing an additional 18,888 shares during the period. Mirador Capital Partners LP’s holdings in NextEra Energy were worth $1,970,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of NEE. Norges Bank purchased a new position in NextEra Energy in the 4th quarter worth about $2,816,327,000. Employees Provident Fund Board purchased a new stake in NextEra Energy during the fourth quarter valued at about $240,840,000. Pictet Asset Management Holding SA lifted its stake in NextEra Energy by 47.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock valued at $742,913,000 after buying an additional 2,972,924 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of NextEra Energy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock worth $17,343,185,000 after buying an additional 2,234,176 shares during the period. Finally, Amundi boosted its holdings in shares of NextEra Energy by 16.7% in the third quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock worth $1,012,129,000 after buying an additional 1,780,881 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.
NextEra Energy Price Performance
Shares of NEE opened at $86.01 on Thursday. The business’s 50-day moving average is $87.22 and its 200-day moving average is $89.93. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. The company has a market capitalization of $179.41 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 2.39 and a beta of 0.67. NextEra Energy, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $98.75.
NextEra Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, August 28th. NextEra Energy’s payout ratio is currently 55.96%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on NEE. Scotiabank lifted their target price on shares of NextEra Energy from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Erste Group Bank lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Jefferies Financial Group set a $94.00 price objective on shares of NextEra Energy in a research report on Tuesday, July 14th. Bank of America lowered their price objective on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a research report on Monday, July 13th. Finally, Wall Street Zen downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $99.36.
Check Out Our Latest Analysis on NEE
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.
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