Capital International Sarl bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,425 shares of the utilities provider’s stock, valued at approximately $676,000.
Other hedge funds also recently modified their holdings of the company. Anfield Capital Management LLC boosted its position in shares of NextEra Energy by 692.3% during the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after buying an additional 270 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $25,000. Quest 10 Wealth Builders Inc. boosted its position in shares of NextEra Energy by 135.4% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 379 shares of the utilities provider’s stock valued at $30,000 after buying an additional 218 shares during the last quarter. Strive Asset Management LLC purchased a new position in shares of NextEra Energy during the third quarter valued at approximately $29,000. Finally, Joseph Group Capital Management purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on NEE. Weiss Ratings raised NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, May 26th. BTIG Research reaffirmed a “buy” rating and set a $112.00 target price on shares of NextEra Energy in a research report on Friday, April 24th. Scotiabank boosted their price objective on NextEra Energy from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. HSBC boosted their price objective on NextEra Energy from $103.00 to $106.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, Barclays set a $90.00 price objective on NextEra Energy and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $99.20.
NextEra Energy Stock Down 2.1%
NEE stock opened at $84.05 on Tuesday. The stock’s fifty day simple moving average is $91.52 and its two-hundred day simple moving average is $88.24. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41. NextEra Energy, Inc. has a 1-year low of $67.20 and a 1-year high of $98.75. The stock has a market cap of $175.26 billion, a P/E ratio of 21.39, a P/E/G ratio of 2.52 and a beta of 0.68.
NextEra Energy (NYSE:NEE – Get Free Report) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.06. The firm had revenue of $6.70 billion for 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 revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current year.
NextEra Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 5th will be paid a $0.6232 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. NextEra Energy’s payout ratio is presently 63.36%.
Insider Activity
In other NextEra Energy news, EVP Nicole J. Daggs sold 4,934 shares of the business’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $93.00, for a total value of $458,862.00. Following the sale, the executive vice president directly owned 16,905 shares in the company, valued at $1,572,165. The trade was a 22.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by 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.
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