Measured Wealth Private Client Group LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 22.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,927 shares of the utilities provider’s stock after selling 1,414 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in NextEra Energy were worth $416,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in NEE. Semmax Financial Advisors Inc. boosted its holdings in shares of NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares during the period. Proffitt & Goodson Inc. boosted its holdings in shares of NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 144 shares during the period. Valley Wealth Managers Inc. acquired a new position in shares of NextEra Energy during the second quarter valued at $33,000. Maryland Capital Advisors Inc. acquired a new position in shares of NextEra Energy during the third quarter valued at $39,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of NextEra Energy during the third quarter valued at $45,000. Institutional investors and hedge funds own 78.72% of the company’s stock.
NextEra Energy Price Performance
NYSE NEE opened at $79.03 on Thursday. The stock’s 50-day moving average price is $82.43 and its two-hundred day moving average price is $76.55. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The company has a market cap of $162.37 billion, a PE ratio of 21.56, a PEG ratio of 3.03 and a beta of 0.56. NextEra Energy, Inc. has a 1 year low of $53.81 and a 1 year high of $86.10.
NextEra Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.61%. NextEra Energy’s payout ratio is presently 56.13%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on NEE. Morgan Stanley boosted their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Guggenheim upped their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. BMO Capital Markets upped their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Finally, Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and a consensus target price of $86.54.
Read Our Latest Report on NextEra Energy
About NextEra Energy
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.
Recommended Stories
- Five stocks we like better than NextEra Energy
- Industrial Products Stocks Investing
- Zillow Stock’s Bull Case: Why This Recent Sell-Off Could Be a Buy
- Want to Profit on the Downtrend? Downtrends, Explained.
- IonQ’s Quantum Surge: Ride the Wave or Cash Out?
- Pros And Cons Of Monthly Dividend Stocks
- Caterpillar Stock: Market Points to a Buying Opportunity
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE – Free Report).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.