Patriot Financial Group Insurance Agency LLC Raises Holdings in NextEra Energy, Inc. $NEE

Patriot Financial Group Insurance Agency LLC increased its position in NextEra Energy, Inc. (NYSE:NEE) by 235.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,216 shares of the utilities provider’s stock after buying an additional 28,936 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in NextEra Energy were worth $3,828,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of NextEra Energy during the 4th quarter valued at approximately $2,816,327,000. Employees Provident Fund Board bought a new stake in NextEra Energy in the fourth quarter worth $240,840,000. Pictet Asset Management Holding SA increased its position in NextEra Energy by 47.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock worth $742,913,000 after purchasing an additional 2,972,924 shares during the last quarter. Danica Pension Livsforsikringsaktieselskab purchased a new stake in NextEra Energy during the third quarter valued at $177,198,000. Finally, Vanguard Group Inc. raised its stake 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 in the last quarter. 78.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NEE has been the subject of several research reports. DA Davidson increased their price objective on shares of NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. TD Cowen boosted their target price on shares of NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Jefferies Financial Group upped their target price on shares of NextEra Energy from $92.00 to $93.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. Mizuho increased their price target on shares of NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Finally, Scotiabank lifted their price target 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. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $99.86.

NextEra Energy Stock Down 0.3%

Shares of NYSE:NEE opened at $88.29 on Monday. The firm has a market capitalization of $184.11 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 2.60 and a beta of 0.68. The business has a 50 day simple moving average of $89.69 and a two-hundred day simple moving average of $88.44. 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.

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

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were paid a $0.6232 dividend. The ex-dividend date was Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is presently 63.36%.

NextEra Energy Company 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.