Burleson & Company LLC purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,038 shares of the utilities provider’s stock, valued at approximately $154,000.
Other institutional investors also recently modified their holdings of the company. McAdam LLC lifted its stake in NextEra Energy by 3.3% during the 1st quarter. McAdam LLC now owns 3,995 shares of the utilities provider’s stock valued at $302,000 after acquiring an additional 129 shares in the last quarter. Lindbrook Capital LLC grew its position in NextEra Energy by 2.9% in the 1st quarter. Lindbrook Capital LLC now owns 4,648 shares of the utilities provider’s stock worth $351,000 after purchasing an additional 133 shares in the last quarter. Legacy Wealth Asset Management LLC increased its stake in NextEra Energy by 1.3% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 10,869 shares of the utilities provider’s stock valued at $822,000 after buying an additional 138 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in shares of NextEra Energy by 1.8% during the 1st quarter. Verdence Capital Advisors LLC now owns 7,899 shares of the utilities provider’s stock worth $597,000 after buying an additional 138 shares in the last quarter. Finally, Marshall Financial Group LLC boosted its stake in shares of NextEra Energy by 5.2% in the 1st quarter. Marshall Financial Group LLC now owns 2,904 shares of the utilities provider’s stock worth $220,000 after buying an additional 144 shares during the last quarter. 75.02% of the stock is owned by hedge funds and other institutional investors.
NYSE NEE opened at $73.51 on Friday. 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 company’s 50-day simple moving average is $75.38. The stock has a market capitalization of $144.19 billion, a price-to-earnings ratio of 34.80, a price-to-earnings-growth ratio of 3.71 and a beta of 0.17. NextEra Energy, Inc. has a 12-month low of $58.44 and a 12-month high of $87.69.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Wednesday, June 2nd will be issued a $0.385 dividend. The ex-dividend date of this dividend is Tuesday, June 1st. This represents a $1.54 annualized dividend and a yield of 2.09%. NextEra Energy’s dividend payout ratio (DPR) is presently 66.67%.
A number of research analysts have issued reports on the company. Morgan Stanley raised their target price on NextEra Energy from $72.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 18th. Sanford C. Bernstein assumed coverage on NextEra Energy in a research note on Wednesday, March 3rd. They issued an “outperform” rating and a $88.00 price objective on the stock. Credit Suisse Group upgraded shares of NextEra Energy from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $87.00 to $85.00 in a research report on Monday, March 8th. Finally, Barclays lowered their price target on shares of NextEra Energy from $82.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 25th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $78.77.
In other NextEra Energy news, CEO Eric E. Silagy sold 28,564 shares of NextEra Energy stock in a transaction on Monday, March 15th. The stock was sold at an average price of $75.63, for a total transaction of $2,160,295.32. Following the completion of the transaction, the chief executive officer now owns 182,607 shares in the company, valued at $13,810,567.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James L. Robo sold 118,000 shares of the business’s stock in a transaction on Tuesday, May 11th. The stock was sold at an average price of $73.55, for a total value of $8,678,900.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 232,416 shares of company stock valued at $17,414,387. Corporate insiders own 0.38% of the company’s stock.
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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