Wealthfront Advisers LLC Reduces Position in NextEra Energy, Inc. $NEE

Wealthfront Advisers LLC trimmed its holdings in NextEra Energy, Inc. (NYSE:NEEFree Report) by 8.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 220,001 shares of the utilities provider’s stock after selling 20,287 shares during the quarter. Wealthfront Advisers LLC’s holdings in NextEra Energy were worth $19,309,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Main Street Financial Solutions LLC boosted its position in NextEra Energy by 73.5% during the second quarter. Main Street Financial Solutions LLC now owns 14,602 shares of the utilities provider’s stock worth $1,282,000 after acquiring an additional 6,188 shares during the last quarter. Timothy G. Youngquist 2020 Irrevocable Trust boosted its holdings in shares of NextEra Energy by 2,592.1% during the 2nd quarter. Timothy G. Youngquist 2020 Irrevocable Trust now owns 19,760 shares of the utilities provider’s stock worth $1,734,000 after purchasing an additional 19,026 shares during the last quarter. Energy Income Partners LLC boosted its holdings in shares of NextEra Energy by 23.6% during the 2nd quarter. Energy Income Partners LLC now owns 1,010,717 shares of the utilities provider’s stock worth $88,711,000 after purchasing an additional 193,210 shares during the last quarter. Harborfront Financial Group LLC purchased a new stake in shares of NextEra Energy in the second quarter valued at approximately $71,000. Finally, Meeder Asset Management Inc. increased its holdings in shares of NextEra Energy by 25.1% in the second quarter. Meeder Asset Management Inc. now owns 6,178 shares of the utilities provider’s stock valued at $542,000 after purchasing an additional 1,240 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NEE has been the topic of a number of recent research reports. Erste Group Bank lowered NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Sanford C. Bernstein reissued an “outperform” rating and set a $108.00 price target on shares of NextEra Energy in a research report on Monday, July 27th. Barclays set a $91.00 price objective on shares of NextEra Energy and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Finally, HC Wainwright reaffirmed a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. Seventeen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $100.33.

View Our Latest Stock Report on NEE

NextEra Energy Price Performance

Shares of NEE opened at $83.51 on Friday. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75. The stock has a market cap of $174.18 billion, a PE ratio of 18.77, a P/E/G ratio of 2.30 and a beta of 0.67. The firm has a 50-day simple moving average of $87.05 and a two-hundred day simple moving average of $89.75. 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 (NYSE:NEEGet Free Report) last issued its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. The firm had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

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

NextEra Energy Company 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.

Further Reading

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

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