Beverly Hills Private Wealth LLC Decreases Stake in NextEra Energy, Inc. $NEE

Beverly Hills Private Wealth LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 68.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,822 shares of the utilities provider’s stock after selling 15,040 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in NextEra Energy were worth $599,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. OneDigital Investment Advisors LLC grew its holdings in shares of NextEra Energy by 6.2% in the second quarter. OneDigital Investment Advisors LLC now owns 31,754 shares of the utilities provider’s stock valued at $2,787,000 after acquiring an additional 1,865 shares in the last quarter. Simplicity Wealth LLC lifted its holdings in NextEra Energy by 126.7% during the second quarter. Simplicity Wealth LLC now owns 27,863 shares of the utilities provider’s stock worth $2,446,000 after acquiring an additional 15,573 shares during the period. Uniting Wealth Partners LLC boosted its position in NextEra Energy by 4.2% in the second quarter. Uniting Wealth Partners LLC now owns 11,008 shares of the utilities provider’s stock worth $966,000 after purchasing an additional 446 shares during the last quarter. Trivium Point Advisory LLC boosted its position in NextEra Energy by 2.9% in the second quarter. Trivium Point Advisory LLC now owns 26,323 shares of the utilities provider’s stock worth $2,310,000 after purchasing an additional 745 shares during the last quarter. Finally, HBK Sorce Advisory LLC grew its stake in NextEra Energy by 3.5% in the 2nd quarter. HBK Sorce Advisory LLC now owns 44,959 shares of the utilities provider’s stock valued at $3,862,000 after purchasing an additional 1,526 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $84.27 on Thursday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. NextEra Energy, Inc. has a 52-week low of $69.24 and a 52-week high of $98.75. The firm has a market cap of $175.77 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 2.30 and a beta of 0.67. The business’s fifty day moving average is $87.11 and its 200 day moving average is $89.80.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. The business had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The firm’s revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Research analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be given a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is 55.96%.

Analysts Set New Price Targets

NEE has been the topic of a number of recent analyst reports. Barclays set a $91.00 target price on NextEra Energy and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $108.00 price objective on shares of NextEra Energy in a research report on Monday, July 27th. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. BMO Capital Markets increased their target price on shares of NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Finally, Weiss Ratings lowered shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Seventeen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $100.33.

NextEra Energy 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.