Payden & Rygel Purchases 1,000 Shares of NextEra Energy, Inc. (NYSE:NEE)

Payden & Rygel raised its position in NextEra Energy, Inc. (NYSE:NEEGet Rating) by 0.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 401,600 shares of the utilities provider’s stock after purchasing an additional 1,000 shares during the period. NextEra Energy makes up about 1.7% of Payden & Rygel’s investment portfolio, making the stock its 20th biggest holding. Payden & Rygel’s holdings in NextEra Energy were worth $34,020,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in shares of NextEra Energy by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 31,922,835 shares of the utilities provider’s stock valued at $2,971,390,000 after buying an additional 796,968 shares during the period. Norges Bank acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $2,724,059,000. Fisher Asset Management LLC boosted its holdings in shares of NextEra Energy by 3.3% in the fourth quarter. Fisher Asset Management LLC now owns 15,077,243 shares of the utilities provider’s stock valued at $1,407,611,000 after buying an additional 484,081 shares during the period. UBS Asset Management Americas Inc. boosted 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 buying an additional 2,177,066 shares during the period. Finally, 1832 Asset Management L.P. boosted its holdings in shares of NextEra Energy by 29.4% in the fourth quarter. 1832 Asset Management L.P. now owns 9,406,722 shares of the utilities provider’s stock valued at $881,233,000 after buying an additional 2,136,829 shares during the period. 77.89% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Kirk S. Hachigian acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, May 3rd. The shares were bought at an average cost of $70.19 per share, with a total value of $701,900.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $350,950. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.38% of the stock is owned by corporate insiders.

Several research firms have recently weighed in on NEE. Wells Fargo & Company upped their price target on shares of NextEra Energy from $102.00 to $107.00 and gave the company an “overweight” rating in a report on Monday, April 18th. BMO Capital Markets reduced their target price on shares of NextEra Energy from $105.00 to $93.00 in a report on Monday, June 13th. Evercore ISI restated a “hold” rating and set a $90.00 target price on shares of NextEra Energy in a report on Friday, April 22nd. Credit Suisse Group set a $76.00 target price on shares of NextEra Energy in a report on Monday. Finally, Morgan Stanley reduced their target price on shares of NextEra Energy from $88.00 to $86.00 and set an “equal weight” rating for the company in a report on Monday, May 23rd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.86.

NEE stock traded up $1.57 during trading hours on Thursday, reaching $76.26. The stock had a trading volume of 77,104 shares, compared to its average volume of 10,073,438. The stock has a market capitalization of $149.81 billion, a PE ratio of 100.93, a price-to-earnings-growth ratio of 2.79 and a beta of 0.48. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.49 and a quick ratio of 0.42. The stock has a 50-day simple moving average of $74.38 and a 200 day simple moving average of $79.98. NextEra Energy, Inc. has a fifty-two week low of $67.22 and a fifty-two week high of $93.73.

NextEra Energy (NYSE:NEEGet Rating) last announced its quarterly earnings results on Thursday, April 21st. The utilities provider reported $0.74 EPS for the quarter, beating 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 posted $0.67 earnings per share. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 2.84 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Friday, May 27th. NextEra Energy’s payout ratio is presently 229.73%.

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 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.

Further Reading

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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