Platform Technology Partners lifted its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 13.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,741 shares of the utilities provider's stock after purchasing an additional 4,615 shares during the quarter. Platform Technology Partners' holdings in NextEra Energy were worth $2,675,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC lifted its holdings in shares of NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after buying an additional 1,840 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after buying an additional 298 shares during the period. Proficio Capital Partners LLC increased its stake in shares of NextEra Energy by 88.0% in the 4th quarter. Proficio Capital Partners LLC now owns 13,199 shares of the utilities provider's stock valued at $946,000 after purchasing an additional 6,177 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of NextEra Energy by 8.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 9,071 shares of the utilities provider's stock valued at $650,000 after purchasing an additional 702 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of NextEra Energy by 124.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 142,602 shares of the utilities provider's stock valued at $10,223,000 after purchasing an additional 78,937 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on the company. HSBC cut their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. BMO Capital Markets decreased their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company dropped their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, Barclays raised their price objective on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $84.08.
View Our Latest Stock Analysis on NextEra Energy
Insiders Place Their Bets
In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president directly owned 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.
NextEra Energy Stock Performance
NYSE:NEE traded down $0.28 during mid-day trading on Tuesday, reaching $74.76. The stock had a trading volume of 8,877,480 shares, compared to its average volume of 11,101,689. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. The firm has a market capitalization of $153.90 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 2.62 and a beta of 0.67. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The business has a 50 day simple moving average of $71.53 and a 200 day simple moving average of $70.22.
NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The company had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. During the same period last year, the company posted $0.91 earnings per share. The firm's quarterly revenue was up 9.0% compared to the same quarter last year. On average, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.
NextEra Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $0.5665 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.03%. NextEra Energy's dividend payout ratio is presently 84.64%.
About NextEra Energy
(
Free Report)
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,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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