State of Wisconsin Investment Board lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 2.4% during the 4th quarter, HoldingsChannel reports. The fund owned 1,080,395 shares of the utilities provider’s stock after selling 26,978 shares during the quarter. State of Wisconsin Investment Board’s holdings in NextEra Energy were worth $86,734,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in NEE. Brighton Jones LLC lifted its stake in shares of NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after acquiring an additional 1,840 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after acquiring an additional 298 shares during the period. Acadian Asset Management LLC lifted its stake in shares of NextEra Energy by 38.4% during the first quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock valued at $887,000 after acquiring an additional 3,479 shares during the period. Sivia Capital Partners LLC lifted its stake in shares of NextEra Energy by 18.1% during the second quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock valued at $386,000 after acquiring an additional 852 shares during the period. Finally, United Bank lifted its stake in shares of NextEra Energy by 2.9% during the second quarter. United Bank now owns 15,596 shares of the utilities provider’s stock valued at $1,083,000 after acquiring an additional 444 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.
NextEra Energy Trading Up 0.2%
NYSE NEE opened at $86.25 on Wednesday. The firm has a market cap of $179.86 billion, a P/E ratio of 21.95, a P/E/G ratio of 2.53 and a beta of 0.68. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44. The stock’s 50-day moving average is $90.66 and its 200-day moving average is $88.28. NextEra Energy, Inc. has a one year low of $67.20 and a one year high of $98.75.
NextEra Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were issued a dividend of $0.6232 per share. The ex-dividend date was Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. NextEra Energy’s dividend payout ratio (DPR) is presently 63.36%.
Wall Street Analysts Forecast Growth
NEE has been the topic of several research reports. Sanford C. Bernstein set a $107.00 price target on NextEra Energy in a research note on Tuesday. Evercore reaffirmed an “outperform” rating and set a $107.00 price target on shares of NextEra Energy in a research note on Monday, May 4th. BTIG Research reaffirmed a “buy” rating and set a $112.00 price target on shares of NextEra Energy in a research note on Friday, April 24th. HSBC upped their price target on NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings lowered NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.57.
View Our Latest Stock Analysis on NEE
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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