SouthState Bank Corp Has $22.22 Million Stock Holdings in NextEra Energy, Inc. $NEE

SouthState Bank Corp lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 276,720 shares of the utilities provider’s stock after buying an additional 7,356 shares during the period. NextEra Energy makes up about 1.0% of SouthState Bank Corp’s holdings, making the stock its 22nd largest holding. SouthState Bank Corp’s holdings in NextEra Energy were worth $22,215,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock worth $17,343,185,000 after buying an additional 2,234,176 shares during the last quarter. Geode Capital Management LLC lifted its stake in NextEra Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider’s stock valued at $3,781,790,000 after purchasing an additional 966,152 shares during the last quarter. Norges Bank acquired a new stake in NextEra Energy in the 4th quarter valued at about $2,816,327,000. Legal & General Group Plc lifted its stake in NextEra Energy by 2.3% in the 3rd 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 last quarter. Finally, Bank of New York Mellon Corp lifted its stake in NextEra Energy by 0.5% in the 4th quarter. Bank of New York Mellon Corp now owns 13,443,132 shares of the utilities provider’s stock valued at $1,079,215,000 after purchasing an additional 66,557 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NEE. DA Davidson raised their target price on shares of NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. HSBC raised their target price on shares of NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings upgraded shares of NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, May 26th. Erste Group Bank upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Finally, BMO Capital Markets cut their target price on shares of NextEra Energy from $104.00 to $102.00 and set an “outperform” rating for the company in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.20.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,934 shares of NextEra Energy stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $93.00, for a total value of $458,862.00. Following the transaction, the executive vice president directly owned 16,905 shares of the company’s stock, valued at $1,572,165. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Treasurer James Michael May sold 7,161 shares of NextEra Energy stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $90.27, for a total transaction of $646,423.47. Following the completion of the transaction, the treasurer directly owned 26,719 shares in the company, valued at $2,411,924.13. This trade represents a 21.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 31,767 shares of company stock valued at $2,881,077 over the last three months. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Up 0.2%

NextEra Energy stock opened at $85.86 on Friday. NextEra Energy, Inc. has a twelve month low of $67.20 and a twelve month high of $98.75. The company’s 50-day moving average price is $91.66 and its two-hundred day moving average price is $88.22. The stock has a market cap of $179.05 billion, a P/E ratio of 21.85, a P/E/G ratio of 2.52 and a beta of 0.68. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41.

NextEra Energy (NYSE:NEE) last announced its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.03 by $0.06. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same period last year, the firm earned $0.99 earnings per share. The business’s revenue for the quarter 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, analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be paid a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, June 5th. NextEra Energy’s dividend payout ratio (DPR) is 63.36%.

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.