Vise Technologies Inc. purchased a new position in NextEra Energy, Inc. (NYSE:NEE – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 91,481 shares of the utilities provider’s stock, valued at approximately $8,029,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Anfield Capital Management LLC boosted its position in shares of NextEra Energy by 692.3% during the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 270 shares in the last quarter. Laurel Wealth Advisors LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $25,000. Financial Life Planners acquired a new stake in NextEra Energy during the first quarter valued at approximately $30,000. Wealth Watch Advisors INC lifted its stake in NextEra Energy by 223.8% during the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 226 shares during the last quarter. Finally, Manning & Napier Advisors LLC boosted its holdings in NextEra Energy by 104.9% during the first quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider’s stock worth $31,000 after buying an additional 172 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.
NextEra Energy Stock Down 2.1%
NYSE NEE opened at $81.74 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The company has a market cap of $170.49 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.28 and a beta of 0.67. The company has a 50 day moving average of $86.95 and a 200-day moving average of $89.70. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75.
NextEra Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be paid a $0.6232 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 annualized dividend and a yield of 3.0%. NextEra Energy’s dividend payout ratio is presently 55.96%.
Analyst Ratings Changes
Several research analysts have issued reports on the stock. BMO Capital Markets lifted their price target on shares of NextEra Energy from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Erste Group Bank lowered NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Mizuho set a $95.00 target price on NextEra Energy in a research report on Monday, July 27th. Barclays set a $91.00 target price on NextEra Energy and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. lifted their price target on NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Seventeen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $100.33.
View Our Latest Research Report 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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