Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 25.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 153,398 shares of the utilities provider’s stock after selling 52,919 shares during the period. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD’s holdings in NextEra Energy were worth $12,315,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in NEE. Brighton Jones LLC raised its position in shares of NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after buying an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after buying an additional 298 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of NextEra Energy by 38.4% during the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock worth $887,000 after buying an additional 3,479 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of NextEra Energy by 18.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock worth $386,000 after purchasing an additional 852 shares during the last quarter. Finally, United Bank grew its stake in shares of NextEra Energy by 2.9% in the 2nd quarter. United Bank now owns 15,596 shares of the utilities provider’s stock worth $1,083,000 after purchasing an additional 444 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.
NextEra Energy Stock Performance
Shares of NEE opened at $85.86 on Friday. The company’s 50 day moving average price is $91.66 and its 200 day moving average price is $88.22. NextEra Energy, Inc. has a 52 week low of $67.20 and a 52 week high of $98.75. The company has a market capitalization of $179.05 billion, a PE ratio of 21.85, a PEG ratio of 2.52 and a beta of 0.68. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54.
NextEra Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be given a dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. NextEra Energy’s payout ratio is presently 63.36%.
Analyst Upgrades and Downgrades
NEE has been the topic of several recent research reports. Wall Street Zen cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Barclays set a $90.00 price objective on shares of NextEra Energy and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Mizuho lifted their price objective on shares of NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Finally, DA Davidson lifted their price objective on shares of NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.20.
Get Our Latest Report on NextEra Energy
Insider Activity at NextEra Energy
In related news, EVP Nicole J. Daggs sold 4,934 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $93.00, for a total transaction of $458,862.00. Following the transaction, the executive vice president directly owned 16,905 shares of the company’s stock, valued at approximately $1,572,165. The trade was a 22.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $90.27, for a total transaction of $1,775,791.44. Following the transaction, the executive vice president directly owned 73,857 shares in the company, valued at $6,667,071.39. The trade was a 21.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 31,767 shares of company stock valued at $2,881,077. Corporate insiders own 0.18% of the company’s stock.
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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