J. L. Bainbridge & Co. Inc. reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,892 shares of the utilities provider’s stock after selling 8,583 shares during the quarter. NextEra Energy accounts for about 0.9% of J. L. Bainbridge & Co. Inc.’s investment portfolio, making the stock its 23rd largest holding. J. L. Bainbridge & Co. Inc.’s holdings in NextEra Energy were worth $10,393,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in NEE. Norges Bank bought a new position in NextEra Energy during the 4th quarter valued at $2,816,327,000. Employees Provident Fund Board acquired a new position in NextEra Energy during the 4th quarter worth $240,840,000. Pictet Asset Management Holding SA increased its position in shares of NextEra Energy by 47.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock worth $742,913,000 after purchasing an additional 2,972,924 shares during the last quarter. Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of NextEra Energy in the 3rd quarter worth about $177,198,000. Finally, Vanguard Group Inc. raised its stake in shares of NextEra Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock valued at $17,343,185,000 after purchasing an additional 2,234,176 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on NEE shares. Wells Fargo & Company set a $102.00 price target on shares of NextEra Energy and gave the stock an “overweight” rating in a research report on Friday, April 24th. HSBC boosted their price objective on NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Sanford C. Bernstein set a $107.00 price objective on NextEra Energy and gave the company an “outperform” rating in a research note on Tuesday, June 16th. BMO Capital Markets reduced their target price on NextEra Energy from $104.00 to $102.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. Finally, Weiss Ratings lowered NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $99.86.
NextEra Energy Stock Performance
Shares of NEE stock opened at $88.29 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41. The business has a 50 day moving average of $89.69 and a two-hundred day moving average of $88.38. NextEra Energy, Inc. has a 52 week low of $67.20 and a 52 week high of $98.75. The company has a market cap of $184.11 billion, a P/E ratio of 22.47, a PEG ratio of 2.60 and a beta of 0.68.
NextEra Energy (NYSE:NEE – Get Free Report) last posted its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.03 by $0.06. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.43 billion. During the same period in the prior year, the company earned $0.99 earnings per share. The business’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. As a group, analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current year.
NextEra Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were given a $0.6232 dividend. The ex-dividend date was Friday, June 5th. This represents a $2.49 annualized dividend and a yield of 2.8%. NextEra Energy’s dividend payout ratio is 63.36%.
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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