Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD lifted its holdings in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 109.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 75,991 shares of the utilities provider’s stock after acquiring an additional 39,710 shares during the quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s holdings in NextEra Energy were worth $6,670,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD grew its holdings in shares of NextEra Energy by 115.0% during the 2nd quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 219,559 shares of the utilities provider’s stock valued at $19,271,000 after purchasing an additional 117,440 shares during the last quarter. 111 Capital bought a new stake in NextEra Energy in the second quarter worth $1,973,000. Caitong International Asset Management Co. Ltd lifted its stake in NextEra Energy by 31,854.2% in the second quarter. Caitong International Asset Management Co. Ltd now owns 7,669 shares of the utilities provider’s stock worth $673,000 after purchasing an additional 7,645 shares during the last quarter. Rollins Financial Advisors LLC purchased a new stake in NextEra Energy during the second quarter valued at about $205,000. Finally, Account Management LLC boosted its position in NextEra Energy by 11.5% during the second quarter. Account Management LLC now owns 95,835 shares of the utilities provider’s stock valued at $8,411,000 after buying an additional 9,900 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.
NextEra Energy Trading Up 0.5%
Shares of NEE opened at $84.10 on Tuesday. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The firm’s 50-day moving average price is $87.18 and its 200-day moving average price is $89.87. The firm has a market capitalization of $175.41 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 2.29 and a beta of 0.67.
NextEra Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be given a $0.6232 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. NextEra Energy’s dividend payout ratio is currently 55.96%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Weiss Ratings downgraded NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. TD Cowen increased their target price on NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a report on Monday, April 27th. Morgan Stanley set a $114.00 price target on NextEra Energy and gave the stock an “overweight” rating in a research report on Friday. Wall Street Zen cut NextEra Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, HC Wainwright reiterated a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. Seventeen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $100.33.
View Our Latest Analysis on NEE
NextEra Energy 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.
Further Reading
- Five stocks we like better than NextEra Energy
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE – Free Report).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.
