SkyOak Wealth LLC grew its holdings in NextEra Energy, Inc. (NYSE: NEE – Get Rating) by 1.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,847 shares of the utilities provider’s stock after purchasing an additional 627 shares during the period. NextEra Energy makes up 1.1% of SkyOak Wealth LLC’s portfolio, making the stock its 29th biggest position. SkyOak Wealth LLC’s holdings in NextEra Energy were worth $ 3,884,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in NEE. Norges Bank purchased a new stake in shares of NextEra Energy in the fourth quarter valued at $ 2,724,059,000. UBS Asset Management Americas Inc. lifted its holdings in shares of NextEra Energy by 18.0% in the third quarter. UBS Asset Management Americas Inc. now owns 14,252,869 shares of the utilities provider’s stock valued at $ 1,119,135,000 after purchasing an additional 2,177,066 shares in the last quarter. 1832 Asset Management LP lifted its holdings in shares of NextEra Energy by 29.4% in the fourth quarter. 1832 Asset Management LP now owns 9,406,722 shares of the utilities provider’s stock valued at $ 881,233,000 after purchasing an additional 2,136,829 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth $ 166,275,000. Finally, Bank of Montreal Can raised its holdings in shares of NextEra Energy by 19.0% during the fourth quarter. Bank of Montreal Can now owns 6,560,699 shares of the utilities provider’s stock worth $ 608,833,000 after acquiring an additional 1,047,532 shares in the last quarter. Institutional investors own 77.89% of the company stock.
Shares of NEE opened at $ 78.02 on Monday. The stock has a market cap of $ 153.27 billion, a price-to-earnings ratio of 105.43, a P / E / G ratio of 2.99 and a beta of 0.48. The company has a quick ratio of 0.42, a current ratio of 0.49 and a debt-to-equity ratio of 1.16. NextEra Energy, Inc. has a 12 month low of $ 67.22 and a 12 month high of $ 93.73. The company has a 50-day moving average price of $ 74.17 and a two-hundred day moving average price of $ 79.67.
NextEra Energy (NYSE: NEE – Get Rating) last announced its quarterly earnings results on Thursday, April 21st. The utilities provider reported $ 0.74 EPS for the quarter, topping analysts’ consensus estimates of $ 0.69 by $ 0.05. The firm had revenue of $ 2.89 billion during the quarter, compared to analysts’ expectations of $ 5.16 billion. NextEra Energy had a net margin of 8.97% and a return on equity of 11.49%. During the same quarter last year, the company earned $ 0.67 earnings per share. Equities research analysts expect that NextEra Energy, Inc. will post 2.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were paid a $ 0.425 dividend. This represents a $ 1.70 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Friday, May 27th. NextEra Energy’s dividend payout ratio (DPR) is currently 229.73%.
In other news, Director Kirk S. Hachigian bought 10,000 shares of the business’s stock in a transaction dated Tuesday, May 3rd. The stock was bought at an average price of $ 70.19 per share, for a total transaction of $ 701,900.00. Following the completion of the purchase, the director now owns 5,000 shares of the company stock, valued at approximately $ 350,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.43% of the company stock.
NEE has been the subject of several recent research reports. Evercore ISI reiterated a “hold” rating and set a $ 90.00 price objective on shares of NextEra Energy in a report on Friday, April 22nd. Morgan Stanley lowered their target price on shares of NextEra Energy from $ 88.00 to $ 86.00 and set an “equal weight” rating on the stock in a research report on Monday, May 23rd. StockNews.com initiated coverage on shares of NextEra Energy in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Wells Fargo & Company increased their target price 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. Finally, BMO Capital Markets lowered their target price on shares of NextEra Energy from $ 105.00 to $ 93.00 in a research report on Monday, June 13th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $ 88.86.
NextEra Energy Company Profile: (Get Rating)
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 consist 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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