Fideuram Asset Management Ireland dac purchased a new stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 76,576 shares of the utilities provider’s stock, valued at approximately $5,753,000.
Several other hedge funds have also added to or reduced their stakes in NEE. Pictet Asset Management Holding SA boosted its holdings in NextEra Energy by 47.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock valued at $742,913,000 after acquiring an additional 2,972,924 shares during the last quarter. Danica Pension Livsforsikringsaktieselskab bought a new position in NextEra Energy in the third quarter valued at about $177,198,000. Vanguard Group Inc. boosted its holdings in NextEra Energy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock valued at $17,343,185,000 after acquiring an additional 2,234,176 shares during the last quarter. Amundi boosted its holdings in NextEra Energy by 16.7% in the third quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock valued at $1,012,129,000 after acquiring an additional 1,780,881 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new position in NextEra Energy in the fourth quarter valued at about $105,210,000. Institutional investors own 78.72% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on NEE shares. Wall Street Zen cut NextEra Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Morgan Stanley set a $111.00 price target on NextEra Energy in a report on Thursday, May 21st. Evercore reiterated an “outperform” rating and issued a $107.00 price target on shares of NextEra Energy in a report on Monday, May 4th. BTIG Research reiterated a “buy” rating and issued a $112.00 price target on shares of NextEra Energy in a report on Friday, April 24th. Finally, Wells Fargo & Company set a $102.00 target price on NextEra Energy and gave the stock an “overweight” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $99.20.
NextEra Energy Price Performance
Shares of NEE opened at $87.25 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41. NextEra Energy, Inc. has a 1 year low of $66.77 and a 1 year high of $98.75. The stock has a market cap of $181.94 billion, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 2.57 and a beta of 0.73. The stock’s 50-day moving average price is $92.33 and its two-hundred day moving average price is $88.23.
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. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same quarter last year, the business earned $0.99 earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, equities analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.
NextEra Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 5th will be issued a dividend of $0.6232 per share. The ex-dividend date is Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. NextEra Energy’s dividend payout ratio (DPR) is 63.36%.
Insiders Place Their Bets
In other news, Treasurer James Michael May sold 7,161 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction of $646,423.47. Following the sale, the treasurer owned 26,719 shares of the company’s stock, valued at $2,411,924.13. This trade represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $1,775,791.44. Following the sale, the executive vice president directly owned 73,857 shares in the company, valued at approximately $6,667,071.39. This represents a 21.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 31,767 shares of company stock worth $2,881,077. Insiders own 0.18% of the company’s stock.
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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