Bank Julius Baer & Co. Ltd Zurich lowered its holdings in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 5.9% during the 4th quarter, Holdings Channel reports. The fund owned 826,922 shares of the utilities provider’s stock after selling 52,058 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in NextEra Energy were worth $66,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in the business. Isthmus Partners LLC raised its stake in NextEra Energy by 1.9% during the 3rd quarter. Isthmus Partners LLC now owns 6,590 shares of the utilities provider’s stock valued at $497,000 after acquiring an additional 120 shares in the last quarter. Heritage Wealth Management Inc. raised its stake in NextEra Energy by 1.0% during the 3rd quarter. Heritage Wealth Management Inc. now owns 12,320 shares of the utilities provider’s stock valued at $930,000 after acquiring an additional 125 shares in the last quarter. Westmount Partners LLC raised its stake in NextEra Energy by 1.9% during the 4th quarter. Westmount Partners LLC now owns 6,660 shares of the utilities provider’s stock valued at $535,000 after acquiring an additional 125 shares in the last quarter. Crew Capital Management Ltd raised its stake in NextEra Energy by 3.9% during the 4th quarter. Crew Capital Management Ltd now owns 3,347 shares of the utilities provider’s stock valued at $269,000 after acquiring an additional 125 shares in the last quarter. Finally, Marion Wealth Management raised its stake in NextEra Energy by 0.6% during the 4th quarter. Marion Wealth Management now owns 21,101 shares of the utilities provider’s stock valued at $1,790,000 after acquiring an additional 125 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.
Insider Buying and Selling
In related news, Treasurer James Michael May sold 7,161 shares of NextEra Energy stock in a transaction on Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $646,423.47. Following the transaction, the treasurer directly owned 26,719 shares in the company, valued at $2,411,924.13. The trade was a 21.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Nicole J. Daggs sold 4,934 shares of NextEra Energy stock in a transaction on Friday, March 13th. The stock was sold at an average price of $93.00, for a total value of $458,862.00. Following the completion of the transaction, the executive vice president owned 16,905 shares in the company, valued at $1,572,165. The trade was a 22.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 31,767 shares of company stock worth $2,881,077 in the last three months. 0.18% of the stock is currently owned by insiders.
NextEra Energy Stock Performance
NextEra Energy (NYSE:NEE – Get Free Report) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.43 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 4 earnings per share for the current fiscal year.
NextEra Energy Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were issued a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s payout ratio is presently 63.36%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on NEE shares. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday. Weiss Ratings upgraded NextEra Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Barclays lifted their price target on NextEra Energy from $85.00 to $89.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 7th. Morgan Stanley set a $108.00 price target on NextEra Energy and gave the company an “overweight” rating in a research report on Friday, April 17th. Finally, Seaport Research Partners lowered their price target on NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $99.10.
Check Out Our Latest Stock Analysis on NEE
About NextEra Energy
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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