Stifel Financial Corp boosted its stake in NextEra Energy Inc (NYSE:NEE) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 659,579 shares of the utilities provider’s stock after buying an additional 24,247 shares during the quarter. Stifel Financial Corp owned approximately 0.14% of NextEra Energy worth $114,717,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in NEE. Oregon Public Employees Retirement Fund lifted its position in NextEra Energy by 17,067.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock worth $51,000 after buying an additional 8,771,018 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in shares of NextEra Energy by 16,992.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,864,569 shares of the utilities provider’s stock worth $11,125,000 after purchasing an additional 1,853,660 shares during the last quarter. BlackRock Inc. increased its stake in shares of NextEra Energy by 2.4% during the 4th quarter. BlackRock Inc. now owns 37,651,697 shares of the utilities provider’s stock worth $6,544,616,000 after purchasing an additional 886,301 shares during the last quarter. Capital International Investors acquired a new position in shares of NextEra Energy during the 3rd quarter worth $142,633,000. Finally, Vanguard Group Inc increased its stake in shares of NextEra Energy by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock worth $6,907,634,000 after purchasing an additional 815,916 shares during the last quarter. Institutional investors own 75.98% of the company’s stock.
NYSE:NEE opened at $191.24 on Friday. NextEra Energy Inc has a 1 year low of $155.06 and a 1 year high of $192.16. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $91.32 billion, a P/E ratio of 24.84, a PEG ratio of 2.93 and a beta of 0.29.
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 28th were issued a $1.25 dividend. The ex-dividend date was Wednesday, February 27th. This is an increase from NextEra Energy’s previous quarterly dividend of $1.11. This represents a $5.00 dividend on an annualized basis and a yield of 2.61%. NextEra Energy’s dividend payout ratio is 64.94%.
In other NextEra Energy news, EVP Deborah H. Caplan sold 3,054 shares of the stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $183.50, for a total value of $560,409.00. Following the completion of the sale, the executive vice president now directly owns 22,597 shares of the company’s stock, valued at approximately $4,146,549.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Manoochehr K. Nazar sold 36,807 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $189.87, for a total transaction of $6,988,545.09. Following the completion of the sale, the insider now directly owns 149,034 shares of the company’s stock, valued at $28,297,085.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,909 shares of company stock valued at $11,666,919. Insiders own 0.55% of the company’s stock.
Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley increased their price target on shares of NextEra Energy from $184.00 to $188.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 12th. Credit Suisse Group raised their target price on shares of NextEra Energy from $186.00 to $193.00 and gave the company an “outperform” rating in a research note on Wednesday, December 12th. Barclays raised their target price on shares of NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a research note on Monday, November 19th. Finally, Guggenheim reiterated a “buy” rating and issued a $205.00 target price on shares of NextEra Energy in a research note on Monday, January 7th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $180.50.
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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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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