NextEra Energy, Inc. $NEE Shares Purchased by Panagora Asset Management Inc.

Panagora Asset Management Inc. boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1,366.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 801,938 shares of the utilities provider’s stock after buying an additional 747,249 shares during the period. Panagora Asset Management Inc.’s holdings in NextEra Energy were worth $64,380,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Garrison Point Advisors LLC boosted its stake in NextEra Energy by 0.4% in the 4th quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider’s stock worth $2,269,000 after buying an additional 109 shares during the last quarter. 3Chopt Investment Partners LLC boosted its stake in NextEra Energy by 0.8% in the 4th quarter. 3Chopt Investment Partners LLC now owns 14,105 shares of the utilities provider’s stock worth $1,132,000 after buying an additional 114 shares during the last quarter. Nemes Rush Group LLC boosted its stake in NextEra Energy by 5.2% in the 4th quarter. Nemes Rush Group LLC now owns 2,354 shares of the utilities provider’s stock worth $189,000 after buying an additional 117 shares during the last quarter. Isthmus Partners LLC boosted its stake in NextEra Energy by 1.9% in the 3rd quarter. Isthmus Partners LLC now owns 6,590 shares of the utilities provider’s stock worth $497,000 after buying an additional 120 shares during the last quarter. Finally, Westmount Partners LLC boosted its stake in NextEra Energy by 1.9% in the 4th quarter. Westmount Partners LLC now owns 6,660 shares of the utilities provider’s stock worth $535,000 after buying an additional 125 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barclays set a $90.00 price objective on NextEra Energy and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Jefferies Financial Group lifted their price objective on NextEra Energy from $92.00 to $93.00 and gave the company a “hold” rating in a research note on Tuesday, April 21st. DA Davidson lifted their price objective on NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. HSBC lifted their price objective on NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Wall Street Zen lowered NextEra Energy from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.20.

NextEra Energy Stock Performance

NYSE NEE opened at $85.92 on Monday. The firm has a market capitalization of $179.18 billion, a P/E ratio of 21.86, a P/E/G ratio of 2.52 and a beta of 0.68. NextEra Energy, Inc. has a 1-year low of $67.20 and a 1-year high of $98.75. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44. The business’s 50-day simple moving average is $90.94 and its 200-day simple moving average is $88.27.

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, beating the consensus estimate of $1.03 by $0.06. The business 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 company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Equities analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be issued a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, June 5th. NextEra Energy’s dividend payout ratio (DPR) is presently 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.