Northeast Investment Management boosted its stake in shares of NextEra Energy Inc. (NYSE:NEE) by 4.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,385 shares of the company’s stock after buying an additional 169 shares during the period. Northeast Investment Management’s holdings in NextEra Energy were worth $572,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Prudential PLC increased its stake in NextEra Energy by 101.2% in the first quarter. Prudential PLC now owns 5,323 shares of the company’s stock worth $630,000 after buying an additional 2,677 shares during the last quarter. Mariner Wealth Advisors LLC increased its stake in NextEra Energy by 21.4% in the first quarter. Mariner Wealth Advisors LLC now owns 9,630 shares of the company’s stock worth $1,140,000 after buying an additional 1,696 shares during the last quarter. Dodge & Cox increased its stake in NextEra Energy by 0.3% in the first quarter. Dodge & Cox now owns 11,030 shares of the company’s stock worth $1,305,000 after buying an additional 30 shares during the last quarter. Hancock Holding Co. bought a new stake in NextEra Energy during the first quarter worth $202,000. Finally, Citizens Financial Group Inc RI increased its stake in NextEra Energy by 2.7% in the first quarter. Citizens Financial Group Inc RI now owns 98,804 shares of the company’s stock worth $11,693,000 after buying an additional 2,604 shares during the last quarter. 74.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NextEra Energy Inc. (NYSE:NEE) traded up 0.49% during mid-day trading on Friday, reaching $125.73. 1,993,805 shares of the company’s stock were exchanged. The firm has a market capitalization of $58.08 billion, a P/E ratio of 22.50 and a beta of 0.28. NextEra Energy Inc. has a one year low of $96.19 and a one year high of $131.98. The stock has a 50-day moving average of $123.73 and a 200 day moving average of $123.36.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 25th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Tuesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 62.59%.
Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Tuesday, July 5th. KeyCorp reiterated an “outperform” rating and set a $134.00 target price (up from $126.00) on shares of NextEra Energy in a research report on Tuesday, July 5th. Mizuho lifted their target price on shares of NextEra Energy from $125.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday, July 18th. BMO Capital Markets reiterated a “buy” rating and set a $135.00 target price on shares of NextEra Energy in a research report on Thursday, July 28th. Finally, Deutsche Bank AG cut their target price on shares of NextEra Energy from $134.00 to $133.00 and set a “buy” rating on the stock in a research report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. NextEra Energy presently has an average rating of “Buy” and an average target price of $129.26.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.