New Mexico Educational Retirement Board boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 6.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 103,632 shares of the utilities provider’s stock after buying an additional 6,600 shares during the quarter. New Mexico Educational Retirement Board’s holdings in NextEra Energy were worth $9,096,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of NEE. Pin Oak Investment Advisors Inc. acquired a new position in shares of NextEra Energy during the 2nd quarter worth approximately $26,000. Kilter Group LLC purchased a new stake in NextEra Energy in the 2nd quarter worth $25,000. Manning & Napier Advisors LLC purchased a new stake in NextEra Energy in the 2nd quarter worth $26,000. Anfield Capital Management LLC raised its position in NextEra Energy by 692.3% during the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 270 shares during the period. Finally, Financial Life Planners purchased a new position in NextEra Energy during the first quarter valued at $30,000. 78.72% of the stock is owned by institutional investors and hedge funds.
NextEra Energy Stock Performance
Shares of NEE stock opened at $83.10 on Thursday. The firm has a 50 day moving average of $86.72 and a two-hundred day moving average of $89.52. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. NextEra Energy, Inc. has a 52 week low of $69.24 and a 52 week high of $98.75. The stock has a market capitalization of $173.34 billion, a PE ratio of 18.68, a P/E/G ratio of 2.57 and a beta of 0.65.
NextEra Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be issued a dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. NextEra Energy’s dividend payout ratio (DPR) is currently 55.96%.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the stock. Jefferies Financial Group set a $94.00 target price on shares of NextEra Energy in a research note on Tuesday, July 14th. HC Wainwright reiterated a “buy” rating on shares of NextEra Energy in a report on Monday, July 27th. Barclays set a $91.00 price objective on NextEra Energy and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Mizuho set a $95.00 target price on NextEra Energy in a research report on Monday, July 27th. Finally, Morgan Stanley set a $114.00 price target on NextEra Energy and gave the stock an “overweight” rating in a research note on Friday, August 21st. Seventeen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $100.33.
Check Out 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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