6,694 Shares in NextEra Energy, Inc. $NEE Bought by Bayshore Asset Management LLC

Bayshore Asset Management LLC bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 6,694 shares of the utilities provider’s stock, valued at approximately $588,000. NextEra Energy comprises approximately 0.2% of Bayshore Asset Management LLC’s investment portfolio, making the stock its 28th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Kilter Group LLC bought a new position in shares of NextEra Energy during the 2nd quarter worth about $25,000. Manning & Napier Advisors LLC acquired a new position in shares of NextEra Energy during the second quarter valued at about $26,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of NextEra Energy in the second quarter valued at about $26,000. Wealth Watch Advisors INC lifted its stake in shares of NextEra Energy by 223.8% in 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 period. Finally, Osbon Capital Management LLC acquired a new stake in NextEra Energy during the fourth quarter worth about $27,000. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NEE has been the topic of several research reports. Mizuho set a $95.00 price target on NextEra Energy in a research note on Monday, July 27th. Weiss Ratings downgraded NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Bank of America decreased their price objective on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Jefferies Financial Group set a $94.00 price objective on NextEra Energy in a research report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. upped their target price on NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Seventeen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $100.33.

NextEra Energy Stock Performance

NYSE NEE opened at $83.33 on Friday. NextEra Energy, Inc. has a twelve month low of $69.24 and a twelve month high of $98.75. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. The stock has a market cap of $173.81 billion, a P/E ratio of 18.73, a PEG ratio of 2.58 and a beta of 0.65. The company’s 50-day simple moving average is $86.54 and its 200 day simple moving average is $89.41.

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

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be given a dividend of $0.6232 per share. This represents a $2.49 annualized dividend 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%.

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.