Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,112,171 shares of the utilities provider’s stock after purchasing an additional 28,733 shares during the quarter. NextEra Energy comprises about 1.7% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s portfolio, making the stock its 10th biggest position. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in NextEra Energy were worth $330,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Laurel Wealth Advisors LLC bought a new stake in NextEra Energy during the 4th quarter worth about $25,000. Anfield Capital Management LLC raised its holdings 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 purchasing an additional 270 shares during the last quarter. Strive Asset Management LLC bought a new stake in NextEra Energy during the 3rd quarter worth about $29,000. Quest 10 Wealth Builders Inc. raised its holdings in NextEra Energy by 135.4% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 379 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 218 shares during the last quarter. Finally, Joseph Group Capital Management bought a new stake in NextEra Energy during the 4th quarter worth about $32,000. 78.72% of the stock is owned by institutional investors.
NextEra Energy Price Performance
Shares of NEE stock opened at $86.96 on Friday. NextEra Energy, Inc. has a 52-week low of $66.77 and a 52-week high of $98.75. The stock has a market cap of $181.33 billion, a PE ratio of 22.13, a PEG ratio of 2.55 and a beta of 0.73. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54. The firm’s 50 day moving average price is $92.25 and its two-hundred day moving average price is $88.22.
NextEra Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 5th will be issued a $0.6232 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.49 annualized dividend and a yield of 2.9%. NextEra Energy’s dividend payout ratio (DPR) is 63.36%.
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. HSBC raised their price objective on shares of NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Evercore reaffirmed an “outperform” rating and issued a $107.00 price objective on shares of NextEra Energy in a research note on Monday, May 4th. BTIG Research reaffirmed a “buy” rating and issued a $112.00 price objective on shares of NextEra Energy in a research note on Friday, April 24th. UBS Group raised their price objective on shares of NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, Wells Fargo & Company set a $102.00 price objective on shares of NextEra Energy and gave the company an “overweight” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $99.20.
Check Out Our Latest Research Report on NextEra Energy
Insiders Place Their Bets
In other NextEra Energy news, EVP Terrell Kirk Crews II sold 19,672 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $90.27, for a total value of $1,775,791.44. Following the sale, the executive vice president directly owned 73,857 shares in the company, valued at approximately $6,667,071.39. This trade represents a 21.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Treasurer James Michael May sold 7,161 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction of $646,423.47. Following the completion of the sale, the treasurer owned 26,719 shares in the company, valued at approximately $2,411,924.13. This trade represents a 21.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 31,767 shares of company stock worth $2,881,077. Company insiders own 0.18% of the company’s stock.
NextEra Energy Company 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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