Macquarie Group Ltd. lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 67.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,402,900 shares of the utilities provider’s stock after selling 2,968,200 shares during the quarter. Macquarie Group Ltd.’s holdings in NextEra Energy were worth $112,625,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new stake in NextEra Energy in the 4th quarter valued at $25,000. Anfield Capital Management LLC increased its holdings in NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after buying an additional 270 shares during the period. Strive Asset Management LLC bought a new stake in NextEra Energy in the 3rd quarter valued at $29,000. Quest 10 Wealth Builders Inc. increased its holdings in NextEra Energy by 135.4% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 379 shares of the utilities provider’s stock valued at $30,000 after buying an additional 218 shares during the period. Finally, Joseph Group Capital Management bought a new stake in NextEra Energy in the 4th quarter valued at $32,000. Institutional investors own 78.72% of the company’s stock.
NextEra Energy Stock Up 1.3%
Shares of NYSE:NEE opened at $85.92 on Friday. NextEra Energy, Inc. has a 52 week low of $67.20 and a 52 week high of $98.75. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54. The company’s fifty day moving average is $90.94 and its 200-day moving average is $88.24. The company has a market capitalization of $179.18 billion, a PE ratio of 21.86, a P/E/G ratio of 2.49 and a beta of 0.68.
NextEra Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be paid a $0.6232 dividend. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, June 5th. NextEra Energy’s payout ratio is currently 63.36%.
Analyst Upgrades and Downgrades
NEE has been the topic of several analyst reports. DA Davidson boosted their price target on shares of NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. HSBC boosted their price target on shares of NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Scotiabank boosted their price target on shares of NextEra Energy from $102.00 to $110.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Barclays set a $90.00 price target on shares of NextEra Energy and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Finally, TD Cowen boosted their price target on shares of NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.20.
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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