Oregon Public Employees Retirement Fund raised its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 7.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 256,424 shares of the utilities provider’s stock after buying an additional 17,919 shares during the period. Oregon Public Employees Retirement Fund’s holdings in NextEra Energy were worth $22,506,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in NEE. Laurel Wealth Advisors LLC acquired a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $25,000. Anfield Capital Management LLC lifted its position in shares of 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 acquiring an additional 270 shares in the last quarter. Wealth Watch Advisors INC boosted its stake in NextEra Energy by 223.8% in the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 226 shares during the period. Osbon Capital Management LLC acquired a new position in NextEra Energy in the 4th quarter worth approximately $27,000. Finally, Strive Asset Management LLC purchased a new position in NextEra Energy during the 3rd quarter worth approximately $29,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy Price Performance
NEE opened at $86.29 on Wednesday. The stock has a fifty day moving average price of $87.25 and a 200 day moving average price of $89.96. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75. The stock has a market cap of $179.98 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.36 and a beta of 0.67.
NextEra Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be issued a $0.6232 dividend. The ex-dividend date is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. NextEra Energy’s dividend payout ratio is currently 55.96%.
Analyst Ratings Changes
Several analysts have issued reports on NEE shares. BMO Capital Markets boosted their target price on shares of NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Bank of America decreased their target price on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a research report on Monday, July 13th. Jefferies Financial Group set a $94.00 price target on NextEra Energy in a report on Tuesday, July 14th. Scotiabank upped their price target on NextEra Energy from $102.00 to $110.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $116.00 price objective on shares of NextEra Energy in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $99.36.
Read Our Latest Stock Report on NextEra Energy
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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