Altshuler Shaham Ltd increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 8,178.6% in the 4th quarter, HoldingsChannel reports. The firm owned 968,260 shares of the utilities provider’s stock after buying an additional 956,564 shares during the quarter. Altshuler Shaham Ltd’s holdings in NextEra Energy were worth $77,732,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the business. Garrison Point Advisors LLC raised its holdings in NextEra Energy by 0.4% in the 4th quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider’s stock valued at $2,269,000 after acquiring an additional 109 shares during the last quarter. 3Chopt Investment Partners LLC raised its holdings in NextEra Energy by 0.8% in the 4th quarter. 3Chopt Investment Partners LLC now owns 14,105 shares of the utilities provider’s stock valued at $1,132,000 after acquiring an additional 114 shares during the last quarter. Nemes Rush Group LLC raised its holdings in NextEra Energy by 5.2% in the 4th quarter. Nemes Rush Group LLC now owns 2,354 shares of the utilities provider’s stock valued at $189,000 after acquiring an additional 117 shares during the last quarter. Isthmus Partners LLC raised its holdings in NextEra Energy by 1.9% in the 3rd quarter. Isthmus Partners LLC now owns 6,590 shares of the utilities provider’s stock valued at $497,000 after acquiring an additional 120 shares during the last quarter. Finally, Westmount Partners LLC raised its holdings in NextEra Energy by 1.9% in the 4th quarter. Westmount Partners LLC now owns 6,660 shares of the utilities provider’s stock valued at $535,000 after acquiring an additional 125 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy Trading Down 0.6%
NEE stock opened at $85.73 on Thursday. The company has a market cap of $178.78 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 2.53 and a beta of 0.68. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41. The business has a fifty day simple moving average of $90.52 and a 200-day simple moving average of $88.28. NextEra Energy, Inc. has a 52 week low of $67.20 and a 52 week high of $98.75.
NextEra Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were given a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, June 5th. NextEra Energy’s dividend payout ratio is 63.36%.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. TD Cowen boosted their price target on NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a report on Monday, April 27th. HSBC boosted their price target on NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Weiss Ratings downgraded NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Barclays set a $90.00 price target on NextEra Energy and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Finally, BTIG Research restated a “buy” rating and set a $112.00 price objective on shares of NextEra Energy in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $99.57.
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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