Parr Mcknight Wealth Management Group LLC trimmed its stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 8.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,043 shares of the utilities provider’s stock after selling 5,799 shares during the period. Parr Mcknight Wealth Management Group LLC’s holdings in NextEra Energy were worth $5,855,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Anfield Capital Management LLC raised its holdings in 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 purchasing an additional 270 shares in the last quarter. Laurel Wealth Advisors LLC bought a new stake in shares of NextEra Energy in the 4th quarter valued at about $25,000. Financial Life Planners purchased a new position in shares of NextEra Energy in the 1st quarter worth approximately $30,000. Wealth Watch Advisors INC grew its position in shares of NextEra Energy by 223.8% in the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after buying an additional 226 shares during the last quarter. Finally, Manning & Napier Advisors LLC raised its stake in shares of NextEra Energy by 104.9% during the 1st quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 172 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
NEE has been the subject of a number of analyst reports. Evercore reissued an “outperform” rating and set a $107.00 target price on shares of NextEra Energy in a research report on Monday, May 4th. Sanford C. Bernstein set a $107.00 price target on NextEra Energy and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. TD Cowen increased their price objective on NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a report on Monday, April 27th. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, HSBC boosted their target price on NextEra Energy from $103.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $99.90.
NextEra Energy Stock Down 0.1%
NEE stock opened at $87.89 on Monday. The company has a market capitalization of $183.27 billion, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 2.58 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 simple moving average is $88.56 and its 200-day simple moving average is $88.93. 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 (NYSE:NEE – Get 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. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.43 billion. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $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 year.
NextEra Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were paid a dividend of $0.6232 per share. The ex-dividend date was Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) 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.
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