Sound Income Strategies LLC cut its position in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 31.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,452 shares of the utilities provider’s stock after selling 6,981 shares during the quarter. Sound Income Strategies LLC’s holdings in NextEra Energy were worth $1,435,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of NextEra Energy in the fourth quarter valued at about $2,816,327,000. Employees Provident Fund Board bought a new position in NextEra Energy during the fourth quarter worth about $240,840,000. Pictet Asset Management Holding SA raised its stake in 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 in the last quarter. Danica Pension Livsforsikringsaktieselskab acquired a new stake in NextEra Energy in the 3rd quarter worth about $177,198,000. Finally, Vanguard Group Inc. boosted its holdings in 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 during the period. 78.72% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
NEE has been the topic of a number of analyst reports. Weiss Ratings lowered shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. DA Davidson lifted their price target on shares of NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Wells Fargo & Company set a $102.00 price target on NextEra Energy and gave the company an “overweight” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. increased their price target on NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen lowered NextEra Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Two equities research 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 company. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.86.
NextEra Energy Stock Down 0.1%
Shares of NEE opened at $88.24 on Friday. The firm has a 50 day simple moving average of $89.34 and a two-hundred day simple moving average of $88.63. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44. NextEra Energy, Inc. has a one year low of $69.24 and a one year high of $98.75. The company has a market cap of $184.02 billion, a P/E ratio of 22.45, a P/E/G ratio of 2.59 and a beta of 0.67.
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 for the quarter, beating 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 the consensus estimate of $7.43 billion. During the same quarter last year, the business posted $0.99 EPS. 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. Research analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.
NextEra Energy Announces Dividend
The firm 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. This represents a $2.49 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, June 5th. NextEra Energy’s payout ratio is currently 63.36%.
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.
Featured Articles
- Five stocks we like better than NextEra Energy
- AST SpaceMobile’s Japan Catalyst Puts Its Rollout Story Back in Focus
- Gold and Silver Recovery—3 Precious Metals Stocks for H2 2026
- Klarna’s Google Court Win Could Give Its BNPL Story a Needed Cash Catalyst
- Why Kroger’s Giant Eagle Deal Could Change Everything
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE – Free Report).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.
