Spartan Wealth Advisory Services LLC Invests $695,000 in NextEra Energy, Inc. $NEE

Spartan Wealth Advisory Services LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 7,483 shares of the utilities provider’s stock, valued at approximately $695,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth approximately $25,000. Anfield Capital Management LLC boosted its holdings in shares of NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 270 shares in the last quarter. Wealth Watch Advisors INC boosted its holdings in shares of NextEra Energy by 223.8% in the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 226 shares in the last quarter. Osbon Capital Management LLC bought a new stake in NextEra Energy during the 4th quarter worth approximately $27,000. Finally, Strive Asset Management LLC bought a new stake in NextEra Energy during the 3rd quarter worth approximately $29,000. 78.72% of the stock is owned by institutional investors.

More NextEra Energy News

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Wall Street Analyst Weigh In

NEE has been the subject of several research analyst reports. Erste Group Bank downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Bank of America decreased their target price on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Wells Fargo & Company set a $102.00 target price on NextEra Energy and gave the company an “overweight” rating in a research note on Friday, April 24th. DA Davidson lifted their price target on NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Sanford C. Bernstein set a $107.00 price target on shares of NextEra Energy and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $99.64.

Read Our Latest Report on NextEra Energy

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $88.73 on Monday. 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 $69.24 and a 1-year high of $98.75. The stock has a market capitalization of $185.04 billion, a P/E ratio of 22.58, a P/E/G ratio of 2.43 and a beta of 0.67. The business has a 50-day moving average price of $87.94 and a two-hundred day moving average price of $89.24.

NextEra Energy (NYSE:NEEGet 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. 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 analyst estimates of $7.43 billion. During the same quarter last year, the firm earned $0.99 EPS. 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. Equities analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed 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 of this dividend 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%.

About NextEra Energy

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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