Mystic Asset Management Inc. bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 22,062 shares of the utilities provider’s stock, valued at approximately $1,936,000.
A number of other institutional investors also recently modified their holdings of NEE. Oxford Financial Group LTD. LLC acquired a new position in shares of NextEra Energy in the second quarter valued at about $1,448,000. Kilter Group LLC acquired a new stake in NextEra Energy in the 2nd quarter worth about $25,000. D L Carlson Investment Group Inc. bought a new stake in NextEra Energy in the 2nd quarter valued at about $452,000. Portfolio Design Labs LLC bought a new stake in NextEra Energy in the 2nd quarter valued at about $1,010,000. Finally, Reliant Investment Partners LLC acquired a new position in shares of NextEra Energy during the 2nd quarter worth approximately $560,000. Institutional investors own 78.72% of the company’s stock.
Analyst Ratings Changes
NEE has been the topic of several recent research reports. Evercore reaffirmed an “outperform” rating and set a $107.00 target price on shares of NextEra Energy in a report on Monday, May 4th. Barclays set a $91.00 price target on NextEra Energy and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Morgan Stanley set a $114.00 price objective on NextEra Energy and gave the company an “overweight” rating in a report on Friday, August 21st. HC Wainwright restated a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. Finally, BMO Capital Markets increased their price objective on shares of NextEra Energy from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Seventeen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $100.33.
NextEra Energy Trading Down 2.1%
Shares of NEE stock opened at $81.74 on Friday. NextEra Energy, Inc. has a twelve month low of $69.24 and a twelve month high of $98.75. The stock’s fifty day simple moving average is $86.95 and its 200 day simple moving average is $89.70. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $170.49 billion, a P/E ratio of 18.37, a P/E/G ratio of 2.24 and a beta of 0.67.
NextEra Energy (NYSE:NEE – Get Free Report) last posted its earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.11 by $0.04. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The firm had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same period last year, the company earned $1.05 earnings per share. The business’s quarterly revenue was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.
NextEra Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, August 28th. NextEra Energy’s payout ratio is 55.96%.
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.
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