429,130 Shares in NextEra Energy, Inc. $NEE Purchased by Trust Co. of Vermont

Trust Co. of Vermont purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) during the second quarter, HoldingsChannel.com reports. The fund purchased 429,130 shares of the utilities provider’s stock, valued at approximately $37,665,000. NextEra Energy comprises about 1.4% of Trust Co. of Vermont’s holdings, making the stock its 17th biggest holding.

Several other hedge funds have also recently made changes to their positions in the stock. Anfield Capital Management LLC grew its position in NextEra Energy by 692.3% in the 4th 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 period. Laurel Wealth Advisors LLC purchased a new stake in shares of NextEra Energy during the 4th quarter worth approximately $25,000. Financial Life Planners purchased a new stake in shares of NextEra Energy during the 1st quarter worth approximately $30,000. Wealth Watch Advisors INC boosted 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 acquiring an additional 226 shares during the last quarter. Finally, Manning & Napier Advisors LLC boosted its position 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 valued at $31,000 after acquiring an additional 172 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

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NextEra Energy Price Performance

NYSE:NEE opened at $84.27 on Thursday. NextEra Energy, Inc. has a 52 week low of $69.24 and a 52 week high of $98.75. The stock’s fifty day moving average is $87.11 and its two-hundred day moving average is $89.80. The company has a market capitalization of $175.77 billion, a P/E ratio of 18.94, a P/E/G ratio of 2.30 and a beta of 0.67. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45.

NextEra Energy (NYSE:NEE – Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The firm had revenue of $7.53 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter last year, the company posted $1.05 EPS. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Erste Group Bank cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. HC Wainwright reissued a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Mizuho set a $95.00 target price on shares of NextEra Energy in a research report on Monday, July 27th. Evercore reaffirmed an “outperform” rating and issued a $107.00 price target on shares of NextEra Energy in a report on Monday, May 4th. Finally, BMO Capital Markets raised their price objective on NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Seventeen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $100.33.

View Our Latest Report 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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