Patten & Patten Inc. TN Sells 7,470 Shares of NextEra Energy, Inc. $NEE

Patten & Patten Inc. TN lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 141,655 shares of the utilities provider’s stock after selling 7,470 shares during the period. Patten & Patten Inc. TN’s holdings in NextEra Energy were worth $11,372,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in NextEra Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock valued at $17,343,185,000 after purchasing an additional 2,234,176 shares during the period. Legal & General Group Plc grew its holdings in NextEra Energy by 2.3% during the third quarter. Legal & General Group Plc now owns 16,787,191 shares of the utilities provider’s stock valued at $1,267,265,000 after purchasing an additional 373,088 shares during the period. Amundi grew its holdings in NextEra Energy by 16.7% during the third quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock valued at $1,012,129,000 after purchasing an additional 1,780,881 shares during the period. Pictet Asset Management Holding SA grew its holdings in NextEra Energy by 47.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock valued at $742,913,000 after purchasing an additional 2,972,924 shares during the period. Finally, CIBC Private Wealth Group LLC grew its holdings in NextEra Energy by 1.9% during the third quarter. CIBC Private Wealth Group LLC now owns 7,585,666 shares of the utilities provider’s stock valued at $572,642,000 after purchasing an additional 141,081 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE NEE opened at $93.01 on Friday. The firm has a market cap of $193.97 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 2.74 and a beta of 0.73. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41. The business has a 50-day moving average price of $92.78 and a 200-day moving average price of $87.40. NextEra Energy, Inc. has a twelve month low of $63.88 and a twelve month high of $98.75.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.43 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, equities research analysts predict that NextEra Energy, Inc. will post 4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were given a $0.6232 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, February 27th. NextEra Energy’s dividend payout ratio (DPR) is presently 63.36%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Evercore reissued an “outperform” rating and set a $107.00 price target on shares of NextEra Energy in a report on Monday. Weiss Ratings raised NextEra Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Wall Street Zen lowered NextEra Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Jefferies Financial Group boosted their price target on NextEra Energy from $92.00 to $93.00 and gave the company a “hold” rating in a report on Tuesday, April 21st. Finally, Seaport Research Partners dropped their price objective on NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $98.70.

Insider Transactions at NextEra Energy

In related news, EVP Terrell Kirk Crews II sold 19,672 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $1,775,791.44. Following the sale, the executive vice president directly owned 73,857 shares in the company, valued at approximately $6,667,071.39. The trade was a 21.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John W. Ketchum sold 99,603 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $89.34, for a total value of $8,898,532.02. Following the completion of the sale, the chief executive officer owned 305,933 shares in the company, valued at $27,332,054.22. This represents a 24.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 131,370 shares of company stock valued at $11,779,609 over the last three months. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.