OneAscent Financial Services LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,819 shares of the utilities provider’s stock, valued at approximately $774,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new stake in NextEra Energy in the 4th quarter worth $25,000. Anfield Capital Management LLC lifted its stake in shares of NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after buying an additional 270 shares during the period. Kilter Group LLC acquired a new stake in NextEra Energy during the second quarter worth about $25,000. Wealth Watch Advisors INC increased its stake in NextEra Energy by 223.8% during the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 226 shares during the period. Finally, Osbon Capital Management LLC acquired a new position in NextEra Energy in the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 78.72% of the company’s stock.
NextEra Energy Trading Down 2.1%
Shares of NYSE NEE opened at $81.74 on Friday. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75. The company has a 50-day moving average of $86.95 and a two-hundred day moving average of $89.70. The company has a market cap of $170.49 billion, a PE ratio of 18.37, a P/E/G ratio of 2.24 and a beta of 0.67. 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 Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be given a dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. NextEra Energy’s dividend payout ratio (DPR) is currently 55.96%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on NEE shares. Evercore restated an “outperform” rating and set a $107.00 price objective on shares of NextEra Energy in a research report on Monday, May 4th. BMO Capital Markets increased their price objective on shares of NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Bank of America decreased their target price on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a research report on Monday, July 13th. Jefferies Financial Group set a $94.00 price target on shares of NextEra Energy in a research report on Tuesday, July 14th. Finally, Mizuho set a $95.00 price target on shares of NextEra Energy in a research note on Monday, July 27th. 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, NextEra Energy currently has an average rating of “Moderate Buy” and an average price target of $100.33.
Check Out Our Latest Stock Report on NEE
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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