Burleson & Company LLC purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,038 shares of the utilities provider’s stock, valued at approximately $154,000.
Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of NextEra Energy in the 4th quarter worth about $2,351,012,000. Northern Trust Corp increased its stake in NextEra Energy by 290.1% during the fourth quarter. Northern Trust Corp now owns 25,759,220 shares of the utilities provider’s stock worth $1,987,325,000 after acquiring an additional 19,155,193 shares during the last quarter. Bank of New York Mellon Corp increased its stake in NextEra Energy by 293.5% during the fourth quarter. Bank of New York Mellon Corp now owns 20,373,747 shares of the utilities provider’s stock worth $1,571,834,000 after acquiring an additional 15,195,906 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in NextEra Energy by 272.7% during the fourth quarter. UBS Asset Management Americas Inc. now owns 13,154,928 shares of the utilities provider’s stock valued at $1,014,903,000 after purchasing an additional 9,625,344 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of NextEra Energy by 281.8% in the 4th quarter. Alliancebernstein L.P. now owns 12,334,478 shares of the utilities provider’s stock valued at $951,605,000 after purchasing an additional 9,104,116 shares during the last quarter. 75.02% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy stock opened at $73.51 on Friday. The company’s 50-day moving average price is $75.38. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 1.01. The stock has a market cap of $144.19 billion, a P/E ratio of 34.80, a PEG ratio of 3.71 and a beta of 0.17. NextEra Energy, Inc. has a fifty-two week low of $58.44 and a fifty-two week high of $87.69.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Wednesday, June 2nd will be paid a $0.385 dividend. The ex-dividend date is Tuesday, June 1st. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.09%. NextEra Energy’s payout ratio is currently 66.67%.
In other NextEra Energy news, CEO James L. Robo sold 118,000 shares of the stock in a transaction dated Tuesday, May 11th. The stock was sold at an average price of $73.55, for a total transaction of $8,678,900.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Deborah H. Caplan sold 39,636 shares of NextEra Energy stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $75.17, for a total value of $2,979,438.12. Following the transaction, the executive vice president now owns 137,027 shares of the company’s stock, valued at approximately $10,300,319.59. The disclosure for this sale can be found here. In the last three months, insiders have sold 232,416 shares of company stock valued at $17,414,387. 0.38% of the stock is currently owned by corporate insiders.
Several equities analysts have recently weighed in on NEE shares. Credit Suisse Group upgraded NextEra Energy from a “neutral” rating to an “outperform” rating and decreased their price target for the company from $87.00 to $85.00 in a report on Monday, March 8th. Sanford C. Bernstein assumed coverage on shares of NextEra Energy in a research report on Wednesday, March 3rd. They set an “outperform” rating and a $88.00 price objective on the stock. Morgan Stanley raised their target price on shares of NextEra Energy from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 18th. Finally, Barclays dropped their price target on shares of NextEra Energy from $82.00 to $78.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 25th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $78.77.
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, and fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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