North Dallas Bank & Trust Co. bought a new stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 16,673 shares of the utilities provider’s stock, valued at approximately $1,339,000.
A number of other institutional investors also recently modified their holdings of NEE. Brighton Jones LLC lifted its stake in shares of NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after buying an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after buying an additional 298 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of NextEra Energy by 38.4% during the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock valued at $887,000 after buying an additional 3,479 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of NextEra Energy by 18.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock valued at $386,000 after buying an additional 852 shares in the last quarter. Finally, United Bank lifted its stake in shares of NextEra Energy by 2.9% during the 2nd quarter. United Bank now owns 15,596 shares of the utilities provider’s stock valued at $1,083,000 after buying an additional 444 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.
NextEra Energy Price Performance
Shares of NYSE:NEE opened at $84.58 on Wednesday. The company’s fifty day moving average price is $91.38 and its 200-day moving average price is $88.24. The firm has a market capitalization of $176.37 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 2.46 and a beta of 0.68. NextEra Energy, Inc. has a one year low of $67.20 and a one year high of $98.75. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44.
NextEra Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be issued a dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. NextEra Energy’s dividend payout ratio (DPR) is currently 63.36%.
Insider Activity at NextEra Energy
In related news, EVP Nicole J. Daggs sold 4,934 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $93.00, for a total transaction of $458,862.00. Following the transaction, the executive vice president owned 16,905 shares of the company’s stock, valued at approximately $1,572,165. This trade represents a 22.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on NEE. Scotiabank upped their price target on shares of NextEra Energy from $102.00 to $110.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Weiss Ratings raised shares of NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, May 26th. BTIG Research reaffirmed a “buy” rating and set a $112.00 target price on shares of NextEra Energy in a report on Friday, April 24th. Mizuho upped their target price on shares of NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Finally, UBS Group upped their target price on shares of NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $99.20.
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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