SVB Wealth LLC Reduces Position in NextEra Energy, Inc. $NEE

SVB Wealth LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 8.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 82,456 shares of the utilities provider’s stock after selling 7,924 shares during the period. SVB Wealth LLC’s holdings in NextEra Energy were worth $6,620,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Wedbush Securities Inc. grew its holdings in NextEra Energy by 24.8% during the third quarter. Wedbush Securities Inc. now owns 64,158 shares of the utilities provider’s stock worth $4,843,000 after acquiring an additional 12,738 shares during the period. Varma Mutual Pension Insurance Co boosted its position in shares of NextEra Energy by 5.0% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 326,193 shares of the utilities provider’s stock worth $24,624,000 after purchasing an additional 15,600 shares in the last quarter. National Pension Service boosted its position in shares of NextEra Energy by 1.3% during the 3rd quarter. National Pension Service now owns 4,845,447 shares of the utilities provider’s stock worth $365,783,000 after purchasing an additional 60,324 shares in the last quarter. Indivisible Partners acquired a new position in shares of NextEra Energy during the 4th quarter worth $1,355,000. Finally, Y Intercept Hong Kong Ltd increased its holdings in shares of NextEra Energy by 61.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 60,985 shares of the utilities provider’s stock valued at $4,604,000 after purchasing an additional 23,288 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NEE opened at $93.01 on Monday. NextEra Energy, Inc. has a 12-month low of $63.88 and a 12-month high of $98.75. The stock has a market cap of $193.97 billion, a P/E ratio of 23.67, a PEG ratio of 2.73 and a beta of 0.73. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41. The company has a 50-day moving average of $92.78 and a two-hundred day moving average of $87.40.

NextEra Energy (NYSE:NEE) last issued 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. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.43 billion. During the same period last year, the company posted $0.99 EPS. The company’s revenue was up 7.3% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, research analysts predict that NextEra Energy, Inc. will post 4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were issued a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, February 27th. NextEra Energy’s payout ratio is presently 63.36%.

Analysts Set New Price Targets

Several analysts recently commented on NEE shares. Morgan Stanley set a $108.00 price objective on shares of NextEra Energy and gave the company an “overweight” rating in a research note on Friday, April 17th. Seaport Research Partners dropped their target price on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a report on Monday, February 2nd. Wall Street Zen lowered NextEra Energy from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Barclays upped their price target on NextEra Energy from $85.00 to $89.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 7th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $104.00 price objective (up from $99.00) on shares of NextEra Energy in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $98.70.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,934 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $93.00, for a total value of $458,862.00. Following the completion of the transaction, the executive vice president owned 16,905 shares of the company’s stock, valued at approximately $1,572,165. The trade was a 22.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $90.27, for a total transaction of $1,775,791.44. Following the completion of the transaction, the executive vice president owned 73,857 shares in the company, valued at approximately $6,667,071.39. This trade represents a 21.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 31,767 shares of company stock worth $2,881,077 over the last three months. 0.18% of the stock is currently owned by corporate insiders.

About NextEra Energy

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.