Oxford Financial Group LTD. LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 16,496 shares of the utilities provider’s stock, valued at approximately $1,448,000.
Several other large investors have also bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new stake in NextEra Energy in the fourth quarter worth about $25,000. Anfield Capital Management LLC boosted its position in shares of NextEra Energy by 692.3% during the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 270 shares in the last quarter. Kilter Group LLC acquired a new position in shares of NextEra Energy in the 2nd quarter worth approximately $25,000. Wealth Watch Advisors INC grew its stake in shares of NextEra Energy by 223.8% in the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 226 shares during the last quarter. Finally, Osbon Capital Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $27,000. Institutional investors own 78.72% of the company’s stock.
NextEra Energy Price Performance
Shares of NEE opened at $81.74 on Friday. The company has a market capitalization of $170.49 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 2.24 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. 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 business’s 50-day moving average is $86.95 and its 200-day moving average is $89.70.
NextEra Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be paid a dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. NextEra Energy’s dividend payout ratio (DPR) is 55.96%.
Analysts Set New Price Targets
NEE has been the subject of several recent research reports. Jefferies Financial Group set a $94.00 target price on shares of NextEra Energy in a research note on Tuesday, July 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $108.00 price target on shares of NextEra Energy in a report on Monday, July 27th. Barclays set a $91.00 price objective on NextEra Energy and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Bank of America decreased their target price on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Finally, Wall Street Zen downgraded NextEra Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 22nd. Seventeen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $100.33.
Check Out Our Latest Analysis on NEE
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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