Ensign Peak Advisors Inc raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 4.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,105,396 shares of the utilities provider’s stock after acquiring an additional 173,210 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.21% of NextEra Energy worth $347,768,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Eqis Capital Management Inc. grew its stake in shares of NextEra Energy by 21.8% in the first quarter. Eqis Capital Management Inc. now owns 25,701 shares of the utilities provider’s stock valued at $2,177,000 after buying an additional 4,595 shares in the last quarter. Eudaimonia Partners LLC bought a new position in shares of NextEra Energy in the first quarter valued at $5,603,000. First Manhattan Co. grew its stake in shares of NextEra Energy by 5.4% in the first quarter. First Manhattan Co. now owns 2,324,294 shares of the utilities provider’s stock valued at $196,891,000 after buying an additional 118,037 shares in the last quarter. Fortress Wealth Group LLC grew its stake in shares of NextEra Energy by 118.9% in the first quarter. Fortress Wealth Group LLC now owns 9,533 shares of the utilities provider’s stock valued at $808,000 after buying an additional 5,179 shares in the last quarter. Finally, Guardian Wealth Advisors LLC NC grew its stake in shares of NextEra Energy by 4.0% in the first quarter. Guardian Wealth Advisors LLC NC now owns 5,483 shares of the utilities provider’s stock valued at $464,000 after buying an additional 213 shares in the last quarter. 76.89% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities analysts recently weighed in on NEE shares. Seaport Res Ptn cut shares of NextEra Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 26th. Guggenheim raised their target price on shares of NextEra Energy from $91.00 to $108.00 and gave the company a “buy” rating in a research note on Monday. Barclays reduced their price objective on shares of NextEra Energy from $90.00 to $86.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. UBS Group reduced their price objective on shares of NextEra Energy to $109.00 in a research report on Tuesday, September 6th. Finally, Wells Fargo & Company lifted their price objective on shares of NextEra Energy from $107.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 9th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $94.50.
Insider Transactions at NextEra Energy
NextEra Energy Stock Up 1.0 %
NEE opened at $90.81 on Tuesday. NextEra Energy, Inc. has a fifty-two week low of $67.22 and a fifty-two week high of $93.73. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.47 and a current ratio of 0.53. The company has a market capitalization of $178.42 billion, a P/E ratio of 69.32, a P/E/G ratio of 3.22 and a beta of 0.46. The stock has a fifty day moving average of $84.99 and a 200-day moving average of $80.30.
NextEra Energy (NYSE:NEE – Get Rating) last posted its earnings results on Friday, July 22nd. The utilities provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. NextEra Energy had a return on equity of 11.97% and a net margin of 14.75%. The company had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter last year, the firm earned $0.71 earnings per share. The company’s revenue was up 32.0% on a year-over-year basis. On average, equities analysts expect that NextEra Energy, Inc. will post 2.89 EPS for the current year.
NextEra Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Monday, August 29th. NextEra Energy’s dividend payout ratio is currently 129.77%.
NextEra Energy Company Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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