Osprey Private Wealth LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 77.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,045 shares of the utilities provider’s stock after acquiring an additional 10,045 shares during the period. Osprey Private Wealth LLC’s holdings in NextEra Energy were worth $2,140,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sequoia Financial Advisors LLC increased its stake in NextEra Energy by 8.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 144,907 shares of the utilities provider’s stock valued at $13,459,000 after purchasing an additional 11,844 shares in the last quarter. Relyea Zuckerberg Hanson LLC lifted its stake in shares of NextEra Energy by 21.7% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 8,039 shares of the utilities provider’s stock worth $747,000 after buying an additional 1,434 shares in the last quarter. KLCM Advisors Inc. lifted its stake in shares of NextEra Energy by 7.2% in the first quarter. KLCM Advisors Inc. now owns 2,961 shares of the utilities provider’s stock worth $275,000 after buying an additional 200 shares in the last quarter. Manning & Napier Advisors LLC grew its holdings in shares of NextEra Energy by 104.9% during the first quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider’s stock valued at $31,000 after buying an additional 172 shares during the last quarter. Finally, Carmel Capital Partners LLC increased its position in shares of NextEra Energy by 1.2% during the first quarter. Carmel Capital Partners LLC now owns 35,158 shares of the utilities provider’s stock valued at $3,265,000 after acquiring an additional 402 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.
NextEra Energy Stock Performance
NYSE:NEE traded up $0.79 on Friday, hitting $87.89. The stock had a trading volume of 11,222,744 shares, compared to its average volume of 11,218,148. The business’s 50-day simple moving average is $88.56 and its two-hundred day simple moving average is $88.87. The stock has a market cap of $183.27 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 2.55 and a beta of 0.67. NextEra Energy, Inc. has a 52-week low of $69.24 and a 52-week high of $98.75. 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 Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were given a $0.6232 dividend. The ex-dividend date was Friday, June 5th. This represents a $2.49 annualized dividend and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is presently 63.36%.
Wall Street Analyst Weigh In
NEE has been the topic of several analyst reports. Wall Street Zen cut NextEra Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. BTIG Research restated a “buy” rating and issued a $112.00 price target on shares of NextEra Energy in a research note on Friday, April 24th. HSBC upped 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. Erste Group Bank cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, Sanford C. Bernstein set a $107.00 target price on NextEra Energy and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $99.90.
Get Our Latest Report on NextEra Energy
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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