Canal Insurance CO Makes New Investment in NextEra Energy, Inc. $NEE

Canal Insurance CO acquired a new stake in NextEra Energy, Inc. (NYSE:NEEFree Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,000 shares of the utilities provider’s stock, valued at approximately $929,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Anfield Capital Management LLC boosted its position 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 during the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at $25,000. Financial Life Planners purchased a new stake in shares of NextEra Energy during the 1st quarter valued at $30,000. Wealth Watch Advisors INC increased its position in shares of NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after purchasing 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 purchasing an additional 172 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Key NextEra Energy News

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

  • Positive Sentiment: Analysts highlighted NextEra’s strong earnings-surprise track record and suggested the company has the right setup to potentially beat expectations again in its next quarterly report.
  • Positive Sentiment: Broader utility and nuclear-energy coverage remained constructive, with articles pointing to resilience in the XLU ETF and renewed interest in the nuclear renaissance, which can support sentiment around large regulated power names like NextEra Energy.
  • Neutral Sentiment: Commentary also framed NextEra as a possible “utility scale” leader and discussed its upcoming earnings schedule, keeping investor focus on the company’s growth and execution outlook.
  • Neutral Sentiment: NextEra Energy revised its bylaws to give the board more control over shareholder meeting timing and format, including the option for fully virtual meetings. The move has drawn governance debate, but the market reaction appears mixed rather than clearly negative.
  • Negative Sentiment: Bank of America lowered its price target on NextEra Energy from $95 to $93 and kept a neutral rating, a modest headwind for sentiment even though the new target still implies upside from current levels.

NextEra Energy Price Performance

NEE stock opened at $88.37 on Tuesday. The firm has a 50 day moving average of $88.37 and a 200-day moving average of $88.99. The firm has a market capitalization of $184.28 billion, a P/E ratio of 22.49, 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 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:NEEGet Free Report) last posted its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.43 billion. During the same quarter in the prior year, the firm posted $0.99 EPS. NextEra Energy’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. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NEE shares. Evercore reissued an “outperform” rating and issued a $107.00 price target on shares of NextEra Energy in a report on Monday, May 4th. Barclays set a $91.00 price objective on shares of NextEra Energy and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Erste Group Bank cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Wall Street Zen upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, Weiss Ratings downgraded shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.59.

Check Out Our Latest Analysis on NEE

About NextEra Energy

(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.

See Also

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

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