Glenview Trust Co Boosts Stake in NextEra Energy, Inc. $NEE

Glenview Trust Co lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 302,900 shares of the utilities provider’s stock after acquiring an additional 12,826 shares during the quarter. Glenview Trust Co’s holdings in NextEra Energy were worth $28,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of NEE. Laurel Wealth Advisors LLC bought a new position in NextEra Energy during the 4th quarter valued at about $25,000. Anfield Capital Management LLC grew its stake in shares of NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 270 shares during the period. 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 acquiring an additional 226 shares during the period. Osbon Capital Management LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $27,000. Finally, Strive Asset Management LLC purchased a new position in shares of NextEra Energy during the third quarter valued at approximately $29,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Down 0.9%

NEE opened at $88.00 on Tuesday. The firm’s 50 day simple moving average is $87.80 and its two-hundred day simple moving average is $89.29. The company has a market capitalization of $183.51 billion, a PE ratio of 22.39, a PEG ratio of 2.43 and a beta of 0.67. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41.

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

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were issued a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, June 5th. NextEra Energy’s payout ratio is currently 63.36%.

Wall Street Analyst Weigh In

NEE has been the topic of several research reports. Erste Group Bank cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Evercore reiterated an “outperform” rating and set a $107.00 target price on shares of NextEra Energy in a research note on Monday, May 4th. Bank of America lowered their price target on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Wall Street Zen upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Morgan Stanley lifted their price objective on NextEra Energy from $111.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $99.32.

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.