First National Bank of Omaha reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 5.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 298,812 shares of the utilities provider’s stock after selling 16,815 shares during the quarter. NextEra Energy accounts for approximately 0.7% of First National Bank of Omaha’s investment portfolio, making the stock its 27th biggest holding. First National Bank of Omaha’s holdings in NextEra Energy were worth $26,369,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Anfield Capital Management LLC raised 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 worth $25,000 after acquiring an additional 270 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new stake in NextEra Energy during the 4th quarter worth about $25,000. Financial Life Planners purchased a new stake in NextEra Energy during the 1st quarter valued at about $30,000. Wealth Watch Advisors INC grew its stake in NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 226 shares during the last quarter. Finally, Manning & Napier Advisors LLC increased its holdings in shares of NextEra Energy by 104.9% in the first quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 172 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy Stock Performance
Shares of NEE stock opened at $83.51 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75. The business’s 50 day moving average is $87.05 and its two-hundred day moving average is $89.75. The company has a market capitalization of $174.18 billion, a P/E ratio of 18.77, a P/E/G ratio of 2.30 and a beta of 0.67.
NextEra Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be given a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, August 28th. NextEra Energy’s dividend payout ratio is 55.96%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on NEE. Jefferies Financial Group set a $94.00 price objective on NextEra Energy in a research note on Tuesday, July 14th. Bank of America dropped their target price on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a research report on Monday, July 13th. 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 report on Wednesday, May 13th. Barclays set a $91.00 price target on shares of NextEra Energy and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Finally, DA Davidson upped their price objective on shares of NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Seventeen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $100.33.
Check Out Our Latest Stock Analysis on NextEra Energy
NextEra Energy 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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