Epoch Investment Partners Inc. lessened its position in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 1.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 961,835 shares of the utilities provider’s stock after selling 10,773 shares during the period. Epoch Investment Partners Inc.’s holdings in NextEra Energy were worth $77,216,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. 3Chopt Investment Partners LLC grew its stake in NextEra Energy by 0.8% in the fourth quarter. 3Chopt Investment Partners LLC now owns 14,105 shares of the utilities provider’s stock valued at $1,132,000 after acquiring an additional 114 shares during the period. Nemes Rush Group LLC grew its stake in NextEra Energy by 5.2% in the fourth quarter. Nemes Rush Group LLC now owns 2,354 shares of the utilities provider’s stock valued at $189,000 after acquiring an additional 117 shares during the period. Isthmus Partners LLC grew its stake in NextEra Energy by 1.9% in the third quarter. Isthmus Partners LLC now owns 6,590 shares of the utilities provider’s stock valued at $497,000 after acquiring an additional 120 shares during the period. Westmount Partners LLC grew its stake in NextEra Energy by 1.9% in the fourth quarter. Westmount Partners LLC now owns 6,660 shares of the utilities provider’s stock valued at $535,000 after acquiring an additional 125 shares during the period. Finally, Crew Capital Management Ltd lifted its holdings in shares of NextEra Energy by 3.9% in the fourth quarter. Crew Capital Management Ltd now owns 3,347 shares of the utilities provider’s stock valued at $269,000 after purchasing an additional 125 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.
NextEra Energy Stock Up 1.3%
NEE stock opened at $85.92 on Friday. The stock’s fifty day simple moving average is $90.94 and its two-hundred day simple moving average is $88.24. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41. NextEra Energy, Inc. has a 1-year low of $67.20 and a 1-year high of $98.75. The stock has a market cap of $179.18 billion, a P/E ratio of 21.86, a P/E/G ratio of 2.52 and a beta of 0.68.
NextEra Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 5th will be paid a $0.6232 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. NextEra Energy’s payout ratio is presently 63.36%.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on NEE. Mizuho lifted their target price on NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Jefferies Financial Group lifted their target price on NextEra Energy from $92.00 to $93.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. Erste Group Bank raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. Morgan Stanley set a $111.00 target price on NextEra Energy in a research report on Thursday, May 21st. Finally, TD Cowen lifted their target price on NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.20.
Get Our Latest Research 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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