Shelton Wealth Management LLC bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) during the first quarter, HoldingsChannel reports. The institutional investor bought 10,101 shares of the utilities provider’s stock, valued at approximately $938,000.
Several other hedge funds also recently modified their holdings of NEE. Anfield Capital Management LLC increased its holdings in NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 270 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in NextEra Energy during the fourth quarter worth about $25,000. Financial Life Planners bought a new position in NextEra Energy during the first quarter worth about $30,000. Wealth Watch Advisors INC grew its position in shares of NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after buying an additional 226 shares during the period. Finally, Osbon Capital Management LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth about $27,000. Institutional investors own 78.72% of the company’s stock.
Analysts Set New Price Targets
Several research analysts recently weighed in on NEE shares. Weiss Ratings lowered shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Wells Fargo & Company set a $102.00 target price on shares of NextEra Energy and gave the stock an “overweight” rating in a report on Friday, April 24th. Evercore reissued an “outperform” rating and set a $107.00 price target on shares of NextEra Energy in a research report on Monday, May 4th. Erste Group Bank lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Jefferies Financial Group upped their price objective on shares of NextEra Energy from $92.00 to $93.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $99.90.
NextEra Energy Stock Up 1.4%
NEE stock traded up $1.25 during trading hours on Tuesday, reaching $88.69. 2,093,669 shares of the stock were exchanged, compared to its average volume of 10,476,932. The firm’s 50-day moving average is $89.34 and its 200-day moving average is $88.68. The company has a market cap of $184.96 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 2.59 and a beta of 0.67. 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 12 month low of $69.24 and a 12 month high of $98.75.
NextEra Energy (NYSE:NEE – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.06. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, equities research analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.
NextEra Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were given a dividend of $0.6232 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.49 dividend on an annualized basis 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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