Friedenthal Financial acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) in the first quarter, HoldingsChannel reports. The fund acquired 10,513 shares of the utilities provider’s stock, valued at approximately $976,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of NEE. Garrison Point Advisors LLC boosted its stake in shares of NextEra Energy by 0.4% during the 4th quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider’s stock valued at $2,269,000 after buying an additional 109 shares during the last quarter. 3Chopt Investment Partners LLC grew its position in shares of NextEra Energy by 0.8% during the fourth quarter. 3Chopt Investment Partners LLC now owns 14,105 shares of the utilities provider’s stock worth $1,132,000 after buying an additional 114 shares in the last quarter. Nemes Rush Group LLC increased its stake in shares of NextEra Energy by 5.2% in the fourth quarter. Nemes Rush Group LLC now owns 2,354 shares of the utilities provider’s stock worth $189,000 after buying an additional 117 shares during the last quarter. Certified Advisory Corp increased its stake in shares of NextEra Energy by 3.0% in the first quarter. Certified Advisory Corp now owns 4,096 shares of the utilities provider’s stock worth $380,000 after buying an additional 118 shares during the last quarter. Finally, Westmount Partners LLC raised its holdings in NextEra Energy by 1.9% in the fourth 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 in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.
NextEra Energy Stock Performance
Shares of NEE opened at $87.57 on Thursday. The business’s fifty day moving average price is $89.82 and its 200 day moving average price is $88.35. NextEra Energy, Inc. has a 12-month low of $67.20 and a 12-month high of $98.75. The stock has a market capitalization of $182.61 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 2.53 and a beta of 0.68. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44.
NextEra Energy Announces Dividend
The firm also recently disclosed 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 dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, June 5th. NextEra Energy’s dividend payout ratio is currently 63.36%.
NextEra Energy News Roundup
Here are the key news stories impacting NextEra Energy this week:
- Positive Sentiment: Morgan Stanley raised its price target on NextEra Energy to $117 from $111 and kept an overweight rating, signaling expectations for more upside. Morgan Stanley adjusts NextEra Energy price target to 117 from 111, maintains overweight rating
- Positive Sentiment: Analyst commentary highlighted NextEra’s more than $94 billion capital plan through 2030, which supports expansion in Florida Power & Light, renewables, and storage and could drive long-term earnings growth. Can NextEra Energy’s Strategic Investments Fuel Long-Term Growth?
- Positive Sentiment: Investors are also focused on AI-related power demand, with several reports noting that the AI boom could boost electricity usage and benefit utilities like NextEra Energy. Why the AI Boom Could Trigger the Biggest Energy Trade in Decades
- Positive Sentiment: The stock was featured in articles calling it a reliable dividend holding, reinforcing its appeal for income-focused investors. 5 Reliable Dividend Stocks to Buy for Long-Term Investors
- Neutral Sentiment: Recent “investor attention” and market commentary articles reflect growing interest in the name, but do not add new fundamental information. NextEra Energy, Inc. (NEE) is Attracting Investor Attention: Here is What You Should Know
- Neutral Sentiment: One market update noted that NextEra Energy was moving higher even as the broader market slipped, but this was mainly a trading recap rather than a new company-specific catalyst. NextEra Energy (NEE) Increases Despite Market Slip: Here’s What You Need to Know
- Neutral Sentiment: Commentary pieces asking whether NextEra can sustain its market appeal largely echo existing themes around valuation, dividends, and growth outlook. Can NextEra Energy (NYSE:NEE) Sustain Its Market Appeal?
Wall Street Analyst Weigh In
A number of research analysts have commented on NEE shares. Evercore reiterated an “outperform” rating and set a $107.00 price objective on shares of NextEra Energy in a research note on Monday, May 4th. Weiss Ratings downgraded shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. BMO Capital Markets cut their target price 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. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, TD Cowen lifted their price target on NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $99.86.
Check Out Our Latest 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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