Commerzbank Aktiengesellschaft FI grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 31.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,459 shares of the utilities provider’s stock after purchasing an additional 13,648 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in NextEra Energy were worth $4,955,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the business. Laurel Wealth Advisors LLC bought a new position in NextEra Energy during the fourth quarter valued at about $25,000. Anfield Capital Management LLC boosted its stake in NextEra Energy by 692.3% in the fourth 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 during the last quarter. Wealth Watch Advisors INC grew its position in shares of NextEra Energy by 223.8% during the 4th 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 period. Osbon Capital Management LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at approximately $27,000. Finally, Strive Asset Management LLC purchased a new stake in shares of NextEra Energy during the 3rd quarter worth approximately $29,000. 78.72% of the stock is currently owned by institutional investors.
NextEra Energy Price Performance
Shares of NYSE NEE opened at $84.27 on Thursday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. NextEra Energy, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $98.75. The stock has a market cap of $175.77 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 2.30 and a beta of 0.67. The stock has a fifty day moving average of $87.11 and a 200-day moving average of $89.80.
NextEra Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be issued a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s dividend payout ratio is presently 55.96%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on NEE shares. Erste Group Bank cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Mizuho set a $95.00 target price on NextEra Energy in a research report on Monday, July 27th. Morgan Stanley set a $114.00 target price on NextEra Energy and gave the company an “overweight” rating in a research note on Friday, August 21st. HC Wainwright reaffirmed a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. Finally, Jefferies Financial Group set a $94.00 price objective on NextEra Energy in a report on Tuesday, July 14th. Seventeen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $100.33.
Check Out Our Latest Stock Analysis on NEE
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.
Recommended Stories
- Five stocks we like better than NextEra Energy
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
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.
