NextEra Energy, Inc. $NEE Shares Sold by Constitution Capital LLC

Constitution Capital LLC trimmed its position in NextEra Energy, Inc. (NYSE:NEEFree Report) by 25.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,959 shares of the utilities provider’s stock after selling 29,599 shares during the quarter. NextEra Energy makes up approximately 3.9% of Constitution Capital LLC’s holdings, making the stock its 10th largest position. Constitution Capital LLC’s holdings in NextEra Energy were worth $7,545,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in NextEra Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock worth $17,343,185,000 after purchasing an additional 2,234,176 shares during the last quarter. Geode Capital Management LLC increased its stake in NextEra Energy by 2.1% during 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 purchasing an additional 966,152 shares during the last quarter. Norges Bank acquired a new stake in shares of NextEra Energy during the fourth quarter worth $2,816,327,000. Price T Rowe Associates Inc. MD raised its holdings in shares of NextEra Energy by 6.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider’s stock worth $1,474,407,000 after purchasing an additional 1,136,074 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of NextEra Energy by 2.9% during the fourth quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider’s stock worth $1,387,347,000 after purchasing an additional 485,854 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Weiss Ratings lowered shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. BTIG Research reiterated a “buy” rating and set a $112.00 price objective on shares of NextEra Energy in a research note on Friday, April 24th. TD Cowen raised their target price on shares of NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, April 27th. HSBC lifted their target price on NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, JPMorgan Chase & Co. upped their target price on NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.36.

Read Our Latest Stock Analysis on NextEra Energy

NextEra Energy Stock Down 0.2%

Shares of NextEra Energy stock opened at $84.46 on Tuesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75. The business’s fifty day moving average price is $87.14 and its two-hundred day moving average price is $89.95. The company has a market capitalization of $176.17 billion, a P/E ratio of 18.98, a PEG ratio of 2.32 and a beta of 0.67.

NextEra Energy (NYSE:NEEGet Free Report) last released its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.04. The company had revenue of $7.53 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, research analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be given a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, August 28th. NextEra Energy’s dividend payout ratio is currently 55.96%.

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.

See Also

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

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