Bowen Hanes & Co. Inc. Buys 12,375 Shares of NextEra Energy, Inc. $NEE

Bowen Hanes & Co. Inc. raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 28.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,039 shares of the utilities provider’s stock after purchasing an additional 12,375 shares during the period. Bowen Hanes & Co. Inc.’s holdings in NextEra Energy were worth $4,499,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. 3Chopt Investment Partners LLC lifted its holdings in shares of NextEra Energy by 0.8% in the 4th quarter. 3Chopt Investment Partners LLC now owns 14,105 shares of the utilities provider’s stock valued at $1,132,000 after acquiring an additional 114 shares during the last quarter. Isthmus Partners LLC lifted its holdings in shares of NextEra Energy by 1.9% in the 3rd quarter. Isthmus Partners LLC now owns 6,590 shares of the utilities provider’s stock valued at $497,000 after acquiring an additional 120 shares during the last quarter. Westmount Partners LLC lifted its holdings in shares of NextEra Energy by 1.9% in the 4th quarter. Westmount Partners LLC now owns 6,660 shares of the utilities provider’s stock valued at $535,000 after acquiring an additional 125 shares during the last quarter. Crew Capital Management Ltd lifted its holdings in shares of NextEra Energy by 3.9% in the 4th quarter. Crew Capital Management Ltd now owns 3,347 shares of the utilities provider’s stock valued at $269,000 after acquiring an additional 125 shares during the last quarter. Finally, Marion Wealth Management lifted its holdings in shares of NextEra Energy by 0.6% in the 4th quarter. Marion Wealth Management now owns 21,101 shares of the utilities provider’s stock valued at $1,790,000 after acquiring an additional 125 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NEE. BTIG Research reaffirmed a “buy” rating and issued a $112.00 price target on shares of NextEra Energy in a report on Friday, April 24th. Scotiabank increased their price target on shares of NextEra Energy from $102.00 to $110.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Jefferies Financial Group increased their price target on shares of NextEra Energy from $92.00 to $93.00 and gave the company a “hold” rating in a report on Tuesday, April 21st. Wall Street Zen downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $99.20.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $84.80 on Thursday. The firm has a market cap of $176.84 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 2.51 and a beta of 0.68. The firm’s 50 day simple moving average is $91.89 and its 200-day simple moving average is $88.23. NextEra Energy, Inc. has a one year low of $67.20 and a one year high of $98.75. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54.

NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.43 billion. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, equities analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be given a dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. NextEra Energy’s dividend payout ratio (DPR) is 63.36%.

Insider Transactions at NextEra Energy

In related news, EVP Terrell Kirk Crews II sold 19,672 shares of NextEra Energy stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $90.27, for a total transaction of $1,775,791.44. Following the transaction, the executive vice president directly owned 73,857 shares of the company’s stock, valued at $6,667,071.39. This trade represents a 21.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Nicole J. Daggs sold 4,934 shares of NextEra Energy stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $93.00, for a total transaction of $458,862.00. Following the transaction, the executive vice president directly owned 16,905 shares in the company, valued at approximately $1,572,165. The trade was a 22.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 31,767 shares of company stock valued at $2,881,077. 0.18% of the stock is currently owned by company insiders.

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.