Howe & Rusling Inc. increased its stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 263,427 shares of the utilities provider’s stock after purchasing an additional 6,276 shares during the period. NextEra Energy accounts for about 1.4% of Howe & Rusling Inc.’s portfolio, making the stock its 20th largest position. Howe & Rusling Inc.’s holdings in NextEra Energy were worth $21,148,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Dempze Nancy E boosted its stake in NextEra Energy by 17.1% in the 4th quarter. Dempze Nancy E now owns 8,616 shares of the utilities provider’s stock worth $692,000 after purchasing an additional 1,260 shares in the last quarter. Notis McConarty Edward boosted its stake in NextEra Energy by 1.7% in the 4th quarter. Notis McConarty Edward now owns 11,918 shares of the utilities provider’s stock worth $957,000 after purchasing an additional 200 shares in the last quarter. Opal Capital LLC acquired a new stake in NextEra Energy in the 4th quarter worth approximately $10,936,000. Munro Partners boosted its stake in NextEra Energy by 30.2% in the 4th quarter. Munro Partners now owns 376,837 shares of the utilities provider’s stock worth $30,252,000 after purchasing an additional 87,505 shares in the last quarter. Finally, Temasek Holdings Private Ltd acquired a new stake in NextEra Energy in the 4th quarter worth approximately $26,965,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy Stock Performance
NEE opened at $86.25 on Wednesday. NextEra Energy, Inc. has a 12-month low of $67.20 and a 12-month high of $98.75. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $179.86 billion, a PE ratio of 21.95, a P/E/G ratio of 2.53 and a beta of 0.68. The firm has a 50 day moving average of $90.66 and a two-hundred day moving average of $88.28.
NextEra Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were issued a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, June 5th. NextEra Energy’s payout ratio is 63.36%.
Analyst Ratings Changes
A number of analysts recently commented on NEE shares. Sanford C. Bernstein set a $107.00 target price on shares of NextEra Energy in a research note on Tuesday. Morgan Stanley set a $111.00 target price on shares of NextEra Energy in a research note on Thursday, May 21st. Scotiabank raised their price target on shares of NextEra Energy from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. DA Davidson raised their price target on shares of NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, HSBC raised their price target on shares of NextEra Energy from $103.00 to $106.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $99.57.
Check Out Our Latest Stock 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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