Total Clarity Wealth Management Inc. acquired a new position in NextEra Energy, Inc. (NYSE:NEE – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund acquired 6,485 shares of the utilities provider’s stock, valued at approximately $569,000.
A number of other institutional investors and hedge funds have also bought and sold shares of NEE. Laurel Wealth Advisors LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $25,000. Anfield Capital Management LLC lifted its stake in shares of NextEra Energy by 692.3% in 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. Wealth Watch Advisors INC boosted its holdings in NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 226 shares during the last quarter. Osbon Capital Management LLC bought a new stake in NextEra Energy in the fourth quarter valued at approximately $27,000. Finally, Strive Asset Management LLC acquired a new stake in NextEra Energy during the 3rd quarter valued at approximately $29,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy Stock Down 0.0%
Shares of NYSE NEE opened at $86.18 on Monday. The stock has a market capitalization of $179.75 billion, a P/E ratio of 19.37, a P/E/G ratio of 2.36 and a beta of 0.67. The company has a 50-day moving average price of $87.17 and a 200-day moving average price of $89.98. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44.
NextEra Energy Dividend Announcement
The business 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 dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s dividend payout ratio is currently 55.96%.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Erste Group Bank downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. DA Davidson upped their price target on shares of NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. TD Cowen increased their price target on NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, April 27th. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Bank of America dropped their price objective on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $99.36.
Get Our Latest Stock Analysis on NEE
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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