iA Global Asset Management Inc. Buys Shares of 163,684 NextEra Energy, Inc. $NEE

iA Global Asset Management Inc. bought a new position in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) during the 1st quarter, HoldingsChannel reports. The firm bought 163,684 shares of the utilities provider’s stock, valued at approximately $15,203,000.

Other institutional investors have also recently made changes to their positions in the company. Indivisible Partners purchased a new stake in NextEra Energy in the 4th quarter worth approximately $1,355,000. SevenBridge Financial Group LLC grew its position in shares of NextEra Energy by 39.7% during the 3rd quarter. SevenBridge Financial Group LLC now owns 49,603 shares of the utilities provider’s stock valued at $3,745,000 after purchasing an additional 14,089 shares in the last quarter. Carnegie Investment Counsel increased its holdings in shares of NextEra Energy by 9.4% in the fourth quarter. Carnegie Investment Counsel now owns 458,141 shares of the utilities provider’s stock worth $36,780,000 after purchasing an additional 39,250 shares during the period. Swedbank AB increased its holdings in shares of NextEra Energy by 13.4% in the fourth quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider’s stock worth $81,615,000 after purchasing an additional 120,389 shares during the period. Finally, Fisher Funds Management LTD raised its position in shares of NextEra Energy by 3.5% in the fourth quarter. Fisher Funds Management LTD now owns 619,640 shares of the utilities provider’s stock worth $49,884,000 after buying an additional 20,709 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $87.72 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44. NextEra Energy, Inc. has a one year low of $67.54 and a one year high of $98.75. The business’s 50 day simple moving average is $89.54 and its two-hundred day simple moving average is $88.55. The stock has a market capitalization of $182.93 billion, a P/E ratio of 22.32, a price-to-earnings-growth ratio of 2.60 and a beta of 0.68.

NextEra Energy (NYSE:NEEGet Free Report) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.06. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same quarter last year, the business earned $0.99 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

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

NextEra Energy News Roundup

Here are the key news stories impacting NextEra Energy this week:

Analyst Ratings Changes

NEE has been the subject of several research analyst reports. Weiss Ratings lowered NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. BMO Capital Markets lowered their price target on NextEra Energy from $104.00 to $102.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. Morgan Stanley lifted their price target on NextEra Energy from $111.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. DA Davidson upped their price objective on shares of NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Erste Group Bank lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.86.

Check Out Our Latest Analysis on NextEra Energy

NextEra Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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