HighTower Advisors LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,619,884 shares of the utilities provider’s stock after purchasing an additional 70,981 shares during the period. HighTower Advisors LLC owned about 0.13% of NextEra Energy worth $229,947,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. Laurel Wealth Advisors LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $25,000. Anfield Capital Management LLC grew its stake in NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 270 shares during the period. Wealth Watch Advisors INC grew its stake in NextEra Energy by 223.8% in the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 226 shares during the period. Osbon Capital Management LLC purchased a new stake in NextEra Energy in the 4th quarter worth $27,000. Finally, Strive Asset Management LLC purchased a new stake in NextEra Energy in the 3rd quarter worth $29,000. Institutional investors and hedge funds own 78.72% of the company’s stock.
NextEra Energy Price Performance
NextEra Energy stock opened at $84.24 on Wednesday. NextEra Energy, Inc. has a 52-week low of $69.24 and a 52-week high of $98.75. The firm has a market capitalization of $175.71 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 2.30 and a beta of 0.67. The company has a fifty day simple moving average of $87.14 and a 200-day simple moving average of $89.83. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45.
NextEra Energy Announces Dividend
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. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is 55.96%.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Morgan Stanley set a $114.00 price objective on shares of NextEra Energy and gave the company an “overweight” rating in a report on Friday. Jefferies Financial Group set a $94.00 target price on shares of NextEra Energy in a research note on Tuesday, July 14th. Mizuho set a $95.00 price target on shares of NextEra Energy in a research report on Monday, July 27th. BMO Capital Markets raised their price target on shares of NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Finally, JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Seventeen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $100.33.
View Our Latest Analysis on NEE
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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