MONECO Advisors LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 3.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,555 shares of the utilities provider’s stock after buying an additional 151 shares during the period. MONECO Advisors LLC’s holdings in NextEra Energy were worth $386,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the company. Contravisory Investment Management Inc. increased its position in NextEra Energy by 295.5% during the 1st quarter. Contravisory Investment Management Inc. now owns 348 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 260 shares during the period. Evolution Advisers Inc. acquired a new stake in NextEra Energy during the 1st quarter valued at approximately $33,000. Comprehensive Financial Consultants Institutional Inc. acquired a new stake in NextEra Energy during the 4th quarter valued at approximately $34,000. Guardian Wealth Management Inc. acquired a new stake in NextEra Energy during the 4th quarter valued at approximately $43,000. Finally, Horan Securities Inc. acquired a new stake in NextEra Energy during the 4th quarter valued at approximately $44,000. 77.89% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy Stock Performance
NYSE NEE opened at $87.98 on Friday. The company has a fifty day simple moving average of $78.74 and a 200 day simple moving average of $78.10. NextEra Energy, Inc. has a 12-month low of $67.22 and a 12-month high of $93.73. The company has a current ratio of 0.53, a quick ratio of 0.47 and a debt-to-equity ratio of 1.20. The company has a market cap of $172.86 billion, a P/E ratio of 67.16, a PEG ratio of 3.29 and a beta of 0.47.
NextEra Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Tuesday, August 30th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.93%. The ex-dividend date is Monday, August 29th. NextEra Energy’s payout ratio is currently 129.77%.
Insider Buying and Selling at NextEra Energy
In related news, CEO John W. Ketchum acquired 12,909 shares of the company’s stock in a transaction on Friday, July 1st. The shares were acquired at an average cost of $78.33 per share, for a total transaction of $1,011,161.97. Following the purchase, the chief executive officer now owns 132,894 shares in the company, valued at $10,409,587.02. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.38% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. KeyCorp decreased their target price on shares of NextEra Energy from $89.00 to $88.00 and set an “overweight” rating for the company in a research report on Tuesday, July 19th. Mizuho reduced their price objective on shares of NextEra Energy from $88.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, April 25th. Wells Fargo & Company raised their price objective on shares of NextEra Energy from $102.00 to $107.00 and gave the stock an “overweight” rating in a research report on Monday, April 18th. Credit Suisse Group set a $76.00 price objective on shares of NextEra Energy in a research report on Monday, June 20th. Finally, Evercore ISI reaffirmed a “hold” rating and set a $90.00 price objective on shares of NextEra Energy in a research report on Friday, April 22nd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $88.33.
NextEra Energy Profile
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, coal, and natural gas facilities. 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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