Havemeyer Place LP purchased a new stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,918 shares of the utilities provider’s stock, valued at approximately $716,000.
A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of NextEra Energy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock valued at $17,343,185,000 after buying an additional 2,234,176 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of NextEra Energy by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider’s stock valued at $3,781,790,000 after buying an additional 966,152 shares in the last quarter. Norges Bank purchased a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $2,816,327,000. Legal & General Group Plc boosted its stake in shares of NextEra Energy by 2.3% in the third quarter. Legal & General Group Plc now owns 16,787,191 shares of the utilities provider’s stock valued at $1,267,265,000 after buying an additional 373,088 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of NextEra Energy by 0.5% in the fourth quarter. Bank of New York Mellon Corp now owns 13,443,132 shares of the utilities provider’s stock valued at $1,079,215,000 after buying an additional 66,557 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently weighed in on NEE. Evercore restated an “outperform” rating and issued a $107.00 price target on shares of NextEra Energy in a research note on Monday, May 4th. Barclays set a $90.00 price target on NextEra Energy and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Mizuho boosted their target price on NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Jefferies Financial Group upped their target price on NextEra Energy from $92.00 to $93.00 and gave the company a “hold” rating in a report on Tuesday, April 21st. Finally, TD Cowen lifted their price target on NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $99.20.
Insider Buying and Selling
In related news, EVP Nicole J. Daggs sold 4,934 shares of the company’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $93.00, for a total value of $458,862.00. Following the completion of the transaction, the executive vice president directly owned 16,905 shares in the company, valued at approximately $1,572,165. This represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.
NextEra Energy Stock Down 2.1%
Shares of NYSE:NEE opened at $84.05 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41. NextEra Energy, Inc. has a 52-week low of $67.20 and a 52-week high of $98.75. The stock’s fifty day simple moving average is $91.52 and its 200-day simple moving average is $88.24. The company has a market capitalization of $175.26 billion, a P/E ratio of 21.39, a P/E/G ratio of 2.52 and a beta of 0.68.
NextEra Energy (NYSE:NEE – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.06. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.43 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.
NextEra Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be paid a $0.6232 dividend. This represents a $2.49 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, June 5th. NextEra Energy’s dividend payout ratio is presently 63.36%.
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.
Read More
- Five stocks we like better than NextEra Energy
- 3 Stocks With Fresh Catalysts to Watch Before the July 4
- Amprius Insiders Are Selling: Should Investors Be Worried?
- A Weaker Dollar Could Put These 3 Industrial Stocks Back in Focus
- A Market Rotation Toward Quality Will Benefit These 3 ETFs
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE – Free Report).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.
