Tevis Investment Management Takes Position in NextEra Energy, Inc. $NEE

Tevis Investment Management purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,183 shares of the utilities provider’s stock, valued at approximately $1,333,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NEE. Anfield Capital Management LLC increased its position in NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 270 shares during the period. Laurel Wealth Advisors LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth $25,000. Financial Life Planners acquired a new position in shares of NextEra Energy during the first quarter worth $30,000. Wealth Watch Advisors INC grew 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 worth $26,000 after purchasing an additional 226 shares during the last quarter. Finally, Manning & Napier Advisors LLC grew its stake in shares of NextEra Energy by 104.9% in the first quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 172 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on NEE. DA Davidson lifted their target price on NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings cut NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Erste Group Bank downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $108.00 price objective on shares of NextEra Energy in a research note on Monday, July 27th. Finally, HC Wainwright reiterated a “buy” rating on shares of NextEra Energy in a report on Monday, July 27th. Seventeen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $100.33.

NextEra Energy Stock Up 0.2%

NextEra Energy stock opened at $84.24 on Wednesday. The company has a market capitalization of $175.71 billion, a PE ratio of 18.93, a PEG ratio of 2.30 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 firm’s fifty day moving average is $87.14 and its 200 day moving average is $89.83. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45.

NextEra Energy (NYSE:NEE) last posted 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. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The business had revenue of $7.53 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same period last year, the company posted $1.05 earnings per share. The business’s quarterly revenue 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, sell-side analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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