Ardsley Advisory Partners LP purchased a new position in NextEra Energy, Inc. (NYSE:NEE – Free Report) in the 4th quarter, Holdings Channel reports. The firm purchased 25,000 shares of the utilities provider’s stock, valued at approximately $2,007,000.
Other large investors also recently modified their holdings of the company. Laurel Wealth Advisors LLC bought a new stake in shares of NextEra Energy in the fourth quarter worth $25,000. Anfield Capital Management LLC grew its holdings in NextEra Energy by 692.3% during the fourth 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 during the period. Wealth Watch Advisors INC boosted its stake in shares of NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 226 shares during the period. Strive Asset Management LLC bought a new position in shares of NextEra Energy in the third quarter worth about $29,000. Finally, Quest 10 Wealth Builders Inc. boosted its stake in shares of NextEra Energy by 135.4% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 379 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 218 shares during the period. Institutional investors own 78.72% of the company’s stock.
NextEra Energy Stock Down 0.6%
NextEra Energy stock opened at $85.73 on Thursday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44. The stock has a market capitalization of $178.78 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 2.53 and a beta of 0.68. NextEra Energy, Inc. has a 1-year low of $67.20 and a 1-year high of $98.75. The business has a fifty day moving average price of $90.52 and a 200-day moving average price of $88.28.
NextEra Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were paid a dividend of $0.6232 per share. The ex-dividend date was Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. NextEra Energy’s dividend payout ratio (DPR) is presently 63.36%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on NEE. Scotiabank boosted their target price on NextEra Energy from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. UBS Group upped their price objective on NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Wells Fargo & Company set a $102.00 price target on NextEra Energy and gave the stock an “overweight” rating in a report on Friday, April 24th. Sanford C. Bernstein set a $107.00 price target on NextEra Energy and gave the stock an “outperform” rating in a report on Tuesday. Finally, TD Cowen increased their price objective on NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.57.
Read 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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