Total Clarity Wealth Management Inc. bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 6,485 shares of the utilities provider’s stock, valued at approximately $569,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of NEE. Laurel Wealth Advisors LLC acquired a new stake in NextEra Energy in the 4th quarter valued at approximately $25,000. Anfield Capital Management LLC boosted its position in NextEra Energy by 692.3% during 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. Wealth Watch Advisors INC grew its stake in shares of NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 226 shares in the last quarter. Osbon Capital Management LLC bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $27,000. Finally, Strive Asset Management LLC acquired a new stake in shares of NextEra Energy in the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 78.72% of the company’s stock.
NextEra Energy Price Performance
NextEra Energy stock opened at $86.18 on Monday. The company has a market capitalization of $179.75 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 2.36 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, Inc. has a 12 month low of $69.24 and a 12 month high of $98.75. The stock’s 50 day moving average is $87.17 and its 200-day moving average is $89.98.
NextEra Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be issued a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 55.96%.
Analyst Ratings Changes
NEE has been the subject of a number of recent research reports. HSBC increased their price objective on shares of NextEra Energy from $103.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Wall Street Zen downgraded NextEra Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. TD Cowen boosted their price target on NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. DA Davidson increased their price objective on NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $108.00 target price on shares of NextEra Energy in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $99.36.
Check Out Our Latest Report on NEE
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.
Read More
- Five stocks we like better than NextEra Energy
- The Metals Company’s Big Bet Now Comes Down to a License
- OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings
- Meta and Tesla Are Rebounding From Oversold Levels—Now What?
- AMG’s Alternatives Boom Powers Record Growth
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.
