J. Safra Sarasin Holding AG boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 17.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,001 shares of the utilities provider’s stock after buying an additional 7,094 shares during the period. J. Safra Sarasin Holding AG’s holdings in NextEra Energy were worth $4,365,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Anfield Capital Management LLC grew its holdings in shares of NextEra Energy by 692.3% during the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 270 shares in the last quarter. Laurel Wealth Advisors LLC bought a new stake in NextEra Energy during the fourth quarter worth approximately $25,000. Financial Life Planners acquired a new position in NextEra Energy in the 1st quarter valued at $30,000. Wealth Watch Advisors INC increased its stake in shares of NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 226 shares during the period. Finally, Manning & Napier Advisors LLC increased its position in NextEra Energy by 104.9% in the 1st quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider’s stock worth $31,000 after buying an additional 172 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.
NextEra Energy Stock Up 0.5%
Shares of NYSE:NEE opened at $88.37 on Tuesday. The company has a 50 day moving average of $88.37 and a 200-day moving average of $88.99. NextEra Energy, Inc. has a one year low of $69.24 and a one year high of $98.75. The stock has a market cap of $184.28 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 2.58 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were issued a dividend of $0.6232 per share. The ex-dividend date was Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is presently 63.36%.
NextEra Energy News Roundup
Here are the key news stories impacting NextEra Energy this week:
- Positive Sentiment: Analysts highlighted NextEra’s strong earnings-surprise track record and suggested the company has the right setup to potentially beat expectations again in its next quarterly report.
- Positive Sentiment: Broader utility and nuclear-energy coverage remained constructive, with articles pointing to resilience in the XLU ETF and renewed interest in the nuclear renaissance, which can support sentiment around large regulated power names like NextEra Energy.
- Neutral Sentiment: Commentary also framed NextEra as a possible “utility scale” leader and discussed its upcoming earnings schedule, keeping investor focus on the company’s growth and execution outlook.
- Neutral Sentiment: NextEra Energy revised its bylaws to give the board more control over shareholder meeting timing and format, including the option for fully virtual meetings. The move has drawn governance debate, but the market reaction appears mixed rather than clearly negative.
- Negative Sentiment: Bank of America lowered its price target on NextEra Energy from $95 to $93 and kept a neutral rating, a modest headwind for sentiment even though the new target still implies upside from current levels.
Analysts Set New Price Targets
Several research firms have commented on NEE. Wall Street Zen raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Sunday. BMO Capital Markets lowered their price target on shares of NextEra Energy from $104.00 to $102.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. Bank of America dropped their price objective on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a research note on Monday. Morgan Stanley increased their target price on shares of NextEra Energy from $111.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Finally, Sanford C. Bernstein set a $107.00 price target on shares of NextEra Energy and gave the company an “outperform” rating in a report on Tuesday, June 16th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $99.59.
View Our Latest Stock Report on NEE
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.
Read More
- Five stocks we like better than NextEra Energy
- The SK Hynix IPO and 2027’s AI Memory Squeeze
- Meta Platforms Stock Rises as Muse Spark 1.1 AI Model Debuts
- Why Welltower’s Growth Story Might Outrun Its Rich Valuation
- One Short- and One Long-Term ETF for Quantum Computing Bulls
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.
