iSAM Funds UK Ltd acquired a new position in NextEra Energy, Inc. (NYSE:NEE – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,900 shares of the utilities provider’s stock, valued at approximately $1,220,000. NextEra Energy accounts for 0.9% of iSAM Funds UK Ltd’s portfolio, making the stock its 23rd largest holding.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nykredit A S acquired a new stake in NextEra Energy during the 2nd quarter worth approximately $49,989,000. InTrack Investment Management Inc increased its stake in NextEra Energy by 2.8% in the 2nd quarter. InTrack Investment Management Inc now owns 21,144 shares of the utilities provider’s stock valued at $1,856,000 after buying an additional 579 shares during the period. Robbins Farley boosted its position in shares of NextEra Energy by 13.3% during the 2nd quarter. Robbins Farley now owns 79,699 shares of the utilities provider’s stock worth $6,995,000 after purchasing an additional 9,339 shares in the last quarter. Pacifica Partners Inc. raised its position in shares of NextEra Energy by 24.2% during the 2nd quarter. Pacifica Partners Inc. now owns 4,971 shares of the utilities provider’s stock worth $439,000 after purchasing an additional 970 shares during the last quarter. Finally, PYA Waltman Capital LLC lifted its holdings in NextEra Energy by 33.3% in the 2nd quarter. PYA Waltman Capital LLC now owns 21,495 shares of the utilities provider’s stock valued at $1,887,000 after purchasing an additional 5,368 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.
NextEra Energy Stock Down 0.9%
Shares of NextEra Energy stock opened at $83.33 on Friday. The stock has a 50-day moving average price of $86.54 and a 200 day moving average price of $89.41. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75. The company has a market cap of $173.81 billion, a P/E ratio of 18.73, a P/E/G ratio of 2.60 and a beta of 0.65. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45.
NextEra Energy Dividend Announcement
The firm 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 $0.6232 dividend. The ex-dividend date is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. NextEra Energy’s payout ratio is 55.96%.
Wall Street Analysts Forecast Growth
NEE has been the subject of several analyst reports. Mizuho set a $95.00 target price on NextEra Energy in a research note on Monday, July 27th. Weiss Ratings cut NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. BMO Capital Markets boosted their price target on NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Erste Group Bank cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Seventeen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $100.33.
View Our Latest Stock Analysis on NextEra Energy
NextEra Energy Company 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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