Modus Advisors LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 32.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 28,715 shares of the utilities provider’s stock after purchasing an additional 7,100 shares during the quarter. Modus Advisors LLC’s holdings in NextEra Energy were worth $2,305,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in NEE. Laurel Wealth Advisors LLC bought a new stake in NextEra Energy in the fourth quarter worth approximately $25,000. Anfield Capital Management LLC grew its position in NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 270 shares in the last quarter. Strive Asset Management LLC bought a new stake in NextEra Energy in the third quarter worth approximately $29,000. Quest 10 Wealth Builders Inc. grew its position in NextEra Energy by 135.4% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 379 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 218 shares in the last quarter. Finally, Joseph Group Capital Management bought a new stake in NextEra Energy in the fourth quarter worth approximately $32,000. 78.72% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
NEE has been the subject of several recent research reports. Erste Group Bank raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. UBS Group upped their price objective on shares of NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. HSBC upped their price objective on shares of NextEra Energy from $103.00 to $106.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Wall Street Zen downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Finally, BMO Capital Markets decreased their price objective on shares of NextEra Energy from $104.00 to $102.00 and set an “outperform” rating for the company in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $99.20.
NextEra Energy Trading Up 0.2%
Shares of NEE stock opened at $85.86 on Friday. NextEra Energy, Inc. has a 52-week low of $67.20 and a 52-week high of $98.75. The stock has a market cap of $179.05 billion, a price-to-earnings ratio of 21.85, a P/E/G ratio of 2.52 and a beta of 0.68. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54. The firm has a fifty day moving average of $91.66 and a 200-day moving average of $88.22.
NextEra Energy (NYSE:NEE – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.06. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.43 billion. During the same quarter in the prior year, the company posted $0.99 EPS. The business’s revenue was up 7.3% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, equities research analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.
NextEra Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be paid a $0.6232 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. NextEra Energy’s dividend payout ratio is currently 63.36%.
Insider Activity
In other news, EVP Terrell Kirk Crews II sold 19,672 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $90.27, for a total value of $1,775,791.44. Following the completion of the transaction, the executive vice president owned 73,857 shares in the company, valued at approximately $6,667,071.39. This represents a 21.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Treasurer James Michael May sold 7,161 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $90.27, for a total transaction of $646,423.47. Following the completion of the transaction, the treasurer owned 26,719 shares of the company’s stock, valued at approximately $2,411,924.13. This represents a 21.14% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 31,767 shares of company stock worth $2,881,077. 0.18% of the stock is currently owned by corporate insiders.
NextEra Energy 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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