Triglav Investments D.O.O. raised its holdings in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 101.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,460 shares of the utilities provider’s stock after purchasing an additional 36,000 shares during the period. Triglav Investments D.O.O.’s holdings in NextEra Energy were worth $5,737,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. Laurel Wealth Advisors LLC acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $25,000. Anfield Capital Management LLC grew its position in shares of NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 270 shares in the last quarter. Strive Asset Management LLC acquired a new position in shares of NextEra Energy in the 3rd quarter worth approximately $29,000. Quest 10 Wealth Builders Inc. grew its position in shares of NextEra Energy by 135.4% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 379 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 218 shares in the last quarter. Finally, Joseph Group Capital Management acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $32,000. 78.72% of the stock is owned by institutional investors and hedge funds.
NextEra Energy Trading Down 0.3%
NYSE:NEE opened at $86.96 on Friday. NextEra Energy, Inc. has a 12-month low of $66.77 and a 12-month high of $98.75. The firm has a market capitalization of $181.33 billion, a P/E ratio of 22.13, a P/E/G ratio of 2.56 and a beta of 0.73. 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 business has a 50 day simple moving average of $92.25 and a 200 day simple moving average of $88.22.
NextEra Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be given a dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. NextEra Energy’s payout ratio is 63.36%.
Insider Transactions at NextEra Energy
In other NextEra Energy news, Treasurer James Michael May sold 7,161 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $646,423.47. Following the transaction, the treasurer owned 26,719 shares in the company, valued at $2,411,924.13. The trade was a 21.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $90.27, for a total value of $1,775,791.44. Following the completion of the transaction, the executive vice president owned 73,857 shares in the company, valued at $6,667,071.39. This trade represents a 21.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 31,767 shares of company stock valued at $2,881,077 over the last three months. Company insiders own 0.18% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. BMO Capital Markets decreased their target price on NextEra Energy from $104.00 to $102.00 and set an “outperform” rating for the company in a research report on Monday, May 18th. Seaport Research Partners decreased their target price on NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a research report on Monday, February 2nd. UBS Group lifted their target price on NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Mizuho lifted their target price on NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Finally, Scotiabank lifted their target price on NextEra Energy from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. One investment 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $99.20.
Get Our Latest Research Report on NextEra Energy
About NextEra Energy
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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