Welch & Forbes LLC grew its position in NextEra Energy Inc (NYSE:NEE) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,935 shares of the utilities provider’s stock after purchasing an additional 131 shares during the quarter. Welch & Forbes LLC’s holdings in NextEra Energy were worth $3,469,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in NEE. California Public Employees Retirement System raised its holdings in shares of NextEra Energy by 20.1% in the 1st quarter. California Public Employees Retirement System now owns 2,886,266 shares of the utilities provider’s stock valued at $557,973,000 after purchasing an additional 483,263 shares in the last quarter. Pictet Asset Management Ltd. raised its holdings in shares of NextEra Energy by 23.6% in the 1st quarter. Pictet Asset Management Ltd. now owns 2,021,758 shares of the utilities provider’s stock valued at $390,846,000 after purchasing an additional 385,763 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of NextEra Energy by 669.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 363,414 shares of the utilities provider’s stock valued at $70,255,000 after purchasing an additional 316,186 shares in the last quarter. USS Investment Management Ltd acquired a new stake in shares of NextEra Energy in the 1st quarter valued at $43,715,000. Finally, Northern Trust Corp raised its stake in NextEra Energy by 1.6% during the 1st quarter. Northern Trust Corp now owns 6,786,481 shares of the utilities provider’s stock worth $1,311,963,000 after acquiring an additional 107,426 shares in the last quarter. Institutional investors and hedge funds own 75.86% of the company’s stock.
NEE stock traded up $1.80 during trading on Thursday, reaching $208.97. 619,931 shares of the company were exchanged, compared to its average volume of 1,394,567. The stock has a market cap of $101.27 billion, a P/E ratio of 27.14, a P/E/G ratio of 3.15 and a beta of 0.25. NextEra Energy Inc has a 52-week low of $164.25 and a 52-week high of $212.50. The firm’s 50 day moving average is $207.66. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.88.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 29th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Wednesday, August 28th. NextEra Energy’s payout ratio is currently 64.94%.
Several analysts have recently weighed in on NEE shares. Barclays reaffirmed a “buy” rating and issued a $218.00 target price on shares of NextEra Energy in a report on Wednesday, June 19th. Guggenheim boosted their price objective on shares of NextEra Energy from $205.00 to $223.00 and gave the stock a “buy” rating in a report on Monday, June 24th. Credit Suisse Group boosted their price objective on shares of NextEra Energy from $231.00 to $232.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Scotiabank raised shares of NextEra Energy from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $187.00 to $202.00 in a report on Wednesday, May 8th. Finally, Morgan Stanley boosted their price objective on shares of NextEra Energy from $207.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, June 21st. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $210.50.
In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $202.90, for a total transaction of $324,640.00. Following the completion of the transaction, the director now owns 18,315 shares in the company, valued at $3,716,113.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Charles E. Sieving sold 5,916 shares of NextEra Energy stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $192.20, for a total transaction of $1,137,055.20. Following the transaction, the executive vice president now owns 51,454 shares of the company’s stock, valued at approximately $9,889,458.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,216 shares of company stock valued at $21,354,766. 0.48% of the stock is currently owned by company insiders.
NextEra Energy Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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