L2 Asset Management LLC acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) in the second quarter, HoldingsChannel reports. The fund acquired 12,064 shares of the utilities provider’s stock, valued at approximately $1,059,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Kilter Group LLC acquired a new position in NextEra Energy in the second quarter valued at approximately $25,000. Anfield Capital Management LLC raised 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 period. Financial Life Planners bought a new stake in shares of NextEra Energy in the 1st quarter worth approximately $30,000. Wealth Watch Advisors INC boosted its position in 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 period. Finally, Manning & Napier Advisors LLC boosted its position in 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 purchasing an additional 172 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on NEE. Wall Street Zen lowered NextEra Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. HC Wainwright reissued a “buy” rating on shares of NextEra Energy in a report on Monday, July 27th. Mizuho set a $95.00 price target on shares of NextEra Energy in a research report on Monday, July 27th. Weiss Ratings cut shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Finally, Evercore reiterated an “outperform” rating and issued a $107.00 price objective on shares of NextEra Energy in a research report on Monday, May 4th. Seventeen equities 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $100.33.
NextEra Energy Stock Up 0.8%
NEE opened at $82.46 on Tuesday. The stock’s 50 day moving average price is $86.88 and its 200 day moving average price is $89.64. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. The stock has a market cap of $172.00 billion, a P/E ratio of 18.53, a P/E/G ratio of 2.24 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.
NextEra Energy (NYSE:NEE – Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The company had revenue of $7.53 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the previous year, the firm 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. As a group, research analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.
NextEra Energy Dividend Announcement
The business 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. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 annualized dividend and a yield of 3.0%. NextEra Energy’s dividend payout ratio is presently 55.96%.
NextEra Energy Company Profile
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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