Laraway Financial Advisors Inc Purchases Shares of 9,065 NextEra Energy, Inc. $NEE

Laraway Financial Advisors Inc purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) during the second quarter, HoldingsChannel.com reports. The fund purchased 9,065 shares of the utilities provider’s stock, valued at approximately $796,000.

Several other hedge funds have also bought and sold shares of NEE. Anfield Capital Management LLC grew 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 purchasing an additional 270 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of NextEra Energy in the fourth quarter worth about $25,000. Financial Life Planners purchased a new stake in shares of NextEra Energy in the first quarter worth about $30,000. Wealth Watch Advisors INC boosted its stake in NextEra Energy by 223.8% during the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after buying an additional 226 shares during the last quarter. Finally, Manning & Napier Advisors LLC boosted its stake in NextEra Energy by 104.9% during the first quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider’s stock valued at $31,000 after buying an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. HSBC raised their price target on NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. increased their target price on NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Mizuho set a $95.00 target price on NextEra Energy in a research report on Monday, July 27th. 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 report on Tuesday, May 5th. Finally, HC Wainwright restated a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. Seventeen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $100.33.

NextEra Energy Stock Down 1.6%

Shares of NYSE:NEE opened at $83.71 on Friday. The company has a market cap of $174.60 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 2.29 and a beta of 0.67. NextEra Energy, Inc. has a 12 month low of $69.24 and a 12 month high of $98.75. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The company has a 50-day moving average price of $87.22 and a 200 day moving average price of $89.88.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.04. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The company had revenue of $7.53 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, equities research analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be given a dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. NextEra Energy’s payout ratio is currently 55.96%.

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.