Csenge Advisory Group Buys New Position in NextEra Energy, Inc. $NEE

Csenge Advisory Group purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,360 shares of the utilities provider’s stock, valued at approximately $997,000.

Several other hedge funds also recently made changes to their positions in NEE. Laurel Wealth Advisors LLC bought a new stake in NextEra Energy during the fourth quarter worth about $25,000. Anfield Capital Management LLC increased its position in shares of NextEra Energy by 692.3% during 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 last quarter. 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 worth $26,000 after purchasing an additional 226 shares during the last quarter. Osbon Capital Management LLC bought a new stake in shares of NextEra Energy during the 4th quarter worth approximately $27,000. Finally, Strive Asset Management LLC acquired a new stake in shares of NextEra Energy in the 3rd quarter valued at approximately $29,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Down 2.1%

Shares of NEE opened at $81.74 on Friday. The firm has a market cap of $170.49 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 2.28 and a beta of 0.67. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. NextEra Energy, Inc. has a 52 week low of $69.24 and a 52 week high of $98.75. The firm’s 50-day simple moving average is $86.95 and its 200 day simple moving average is $89.70.

NextEra Energy (NYSE:NEEGet Free Report) last issued its quarterly earnings data 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. 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 the consensus estimate of $8.11 billion. During the same period last year, the business posted $1.05 earnings per share. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NEE shares. Sanford C. Bernstein restated an “outperform” rating and set a $108.00 target price on shares of NextEra Energy in a report on Monday, July 27th. DA Davidson lifted their price objective on shares of NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Morgan Stanley set a $114.00 target price on shares of NextEra Energy and gave the company an “overweight” rating in a research note on Friday, August 21st. Finally, Evercore reiterated an “outperform” rating and set a $107.00 price target on shares of NextEra Energy in a report on Monday, May 4th. Seventeen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $100.33.

Get Our Latest Report on NextEra Energy

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.

Further Reading

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

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