Wedbush Fund Advisers LLC Makes New $689,000 Investment in NextEra Energy, Inc. $NEE

Wedbush Fund Advisers LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,854 shares of the utilities provider’s stock, valued at approximately $689,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. EFG International AG bought a new position in NextEra Energy in the 2nd quarter valued at about $10,858,000. Ancora Advisors LLC acquired a new stake in NextEra Energy during the 2nd quarter worth approximately $6,720,000. Delos Wealth Advisors LLC bought a new stake in NextEra Energy in the 2nd quarter valued at $102,000. PDT Partners LLC acquired a new position in NextEra Energy in the 2nd quarter valued at $1,044,000. Finally, Palisade Capital Management LP bought a new position in NextEra Energy during the 2nd quarter worth $11,162,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.8%

Shares of NYSE NEE opened at $82.46 on Tuesday. The stock has a 50-day moving average price of $86.88 and a two-hundred day moving average price of $89.64. 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 market cap of $172.00 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 2.24 and a beta of 0.67.

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

NextEra Energy Dividend Announcement

The company also recently declared 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. 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 is presently 55.96%.

Analysts Set New Price Targets

Several brokerages have weighed in on NEE. Weiss Ratings cut shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Sanford C. Bernstein reiterated an “outperform” rating and set a $108.00 target price on shares of NextEra Energy in a research report on Monday, July 27th. HC Wainwright restated a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. DA Davidson increased their price objective on shares of NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group set a $94.00 price objective on shares of NextEra Energy in a research note on Tuesday, July 14th. Seventeen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $100.33.

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.