Lincoln National Corp lifted its stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 18.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 53,176 shares of the utilities provider’s stock after purchasing an additional 8,109 shares during the quarter. Lincoln National Corp’s holdings in NextEra Energy were worth $3,230,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of NextEra Energy by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after purchasing an additional 1,956,153 shares during the period. Northern Trust Corp boosted its holdings in NextEra Energy by 2.0% during the 3rd quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock valued at $1,316,653,000 after acquiring an additional 455,271 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in NextEra Energy by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,352,695 shares of the utilities provider’s stock valued at $593,106,000 after acquiring an additional 148,674 shares during the period. California Public Employees Retirement System boosted its holdings in NextEra Energy by 2.4% during the 3rd quarter. California Public Employees Retirement System now owns 9,026,464 shares of the utilities provider’s stock valued at $517,126,000 after acquiring an additional 209,584 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in NextEra Energy by 59.1% during the 3rd quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock valued at $337,096,000 after acquiring an additional 2,148,205 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.
NextEra Energy Stock Up 1.0 %
NYSE:NEE traded up $0.70 during mid-day trading on Tuesday, hitting $71.95. 13,471,869 shares of the company’s stock traded hands, compared to its average volume of 11,930,231. The company has a fifty day moving average of $62.33 and a 200 day moving average of $59.80. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $78.53. The company has a market capitalization of $147.82 billion, a P/E ratio of 19.53, a P/E/G ratio of 2.58 and a beta of 0.50. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51.
NextEra Energy Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.515 dividend. The ex-dividend date was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.86%. NextEra Energy’s dividend payout ratio is currently 56.13%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on NEE shares. Barclays started coverage on NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective for the company. Morgan Stanley upped their target price on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Wells Fargo & Company upped their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. Finally, BMO Capital Markets upped their target price on NextEra Energy from $72.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.93.
Get Our Latest Stock Analysis on NextEra Energy
About NextEra Energy
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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