Gibbs Wealth Management Acquires New Position in NextEra Energy, Inc. $NEE

Gibbs Wealth Management acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,569 shares of the utilities provider’s stock, valued at approximately $610,000.

A number of other large investors also recently bought and sold shares of the company. Walker Asset Management LLC lifted its stake in NextEra Energy by 2.2% during the first quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider’s stock worth $465,000 after purchasing an additional 107 shares during the last quarter. PUREfi Wealth LLC increased its stake in NextEra Energy by 0.9% during the first quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider’s stock valued at $1,170,000 after purchasing an additional 107 shares during the last quarter. Garrison Point Advisors LLC raised its holdings in shares of NextEra Energy by 0.4% during the fourth quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider’s stock worth $2,269,000 after purchasing an additional 109 shares during the period. Cornerstone Planning Group LLC lifted its position in shares of NextEra Energy by 12.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider’s stock worth $94,000 after buying an additional 111 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its holdings in shares of NextEra Energy by 23.2% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider’s stock valued at $55,000 after buying an additional 112 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of a number of recent research reports. Scotiabank raised their target price on shares of NextEra Energy from $102.00 to $110.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Bank of America cut their price target on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Erste Group Bank lowered NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Weiss Ratings lowered NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Finally, Wells Fargo & Company set a $102.00 target price on NextEra Energy and gave the company an “overweight” rating in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $99.23.

Read Our Latest Analysis on NextEra Energy

NextEra Energy Stock Down 0.1%

NEE opened at $89.72 on Friday. NextEra Energy, Inc. has a 12 month low of $69.24 and a 12 month high of $98.75. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44. The stock has a market cap of $187.10 billion, a P/E ratio of 20.16, a P/E/G ratio of 2.45 and a beta of 0.67. The stock’s 50 day moving average price is $87.38 and its 200 day moving average price is $89.48.

NextEra Energy (NYSE:NEEGet Free Report) last released its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.12. The company had revenue of $7.53 billion during the quarter, compared to analysts’ expectations of $7.27 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, research analysts predict that NextEra Energy, Inc. will post 4 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were paid a dividend of $0.6232 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.49 annualized dividend and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is presently 55.96%.

More NextEra Energy News

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NextEra Energy Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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