Venture Visionary Partners LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 160,549 shares of the utilities provider’s stock after acquiring an additional 11,466 shares during the period. Venture Visionary Partners LLC’s holdings in NextEra Energy were worth $13,035,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in NextEra Energy in the fourth quarter valued at approximately $2,816,327,000. Pictet Asset Management Holding SA increased its position in shares of NextEra Energy by 47.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock worth $742,913,000 after acquiring an additional 2,972,924 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab acquired a new stake in shares of NextEra Energy in the third quarter worth $177,198,000. Vanguard Group Inc. lifted its holdings in shares of NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock valued at $17,343,185,000 after acquiring an additional 2,234,176 shares in the last quarter. Finally, Amundi boosted its position in NextEra Energy by 16.7% during the 3rd quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock worth $1,012,129,000 after purchasing an additional 1,780,881 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy Price Performance
Shares of 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. NextEra Energy, Inc. has a fifty-two week low of $67.20 and a fifty-two week high of $98.75. The firm has a 50-day simple moving average of $90.94 and a 200 day simple moving average of $88.27. The company has a market cap of $179.18 billion, a PE ratio of 21.86, a P/E/G ratio of 2.52 and a beta of 0.68.
NextEra Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be given a dividend of $0.6232 per share. The ex-dividend date is Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. NextEra Energy’s payout ratio is currently 63.36%.
Wall Street Analyst Weigh In
NEE has been the topic of several research reports. TD Cowen raised their price objective on NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Morgan Stanley set a $111.00 target price on NextEra Energy in a research note on Thursday, May 21st. Mizuho boosted their target price on shares of NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Scotiabank upped their target price on shares of NextEra Energy from $102.00 to $110.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Finally, BMO Capital Markets dropped their price target on shares of NextEra Energy from $104.00 to $102.00 and set an “outperform” rating on the stock in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $99.20.
View Our Latest Stock Report 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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