Glenview Trust Co boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 311,567 shares of the utilities provider’s stock after buying an additional 8,667 shares during the quarter. Glenview Trust Co’s holdings in NextEra Energy were worth $27,346,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NEE. Kilter Group LLC bought a new position in NextEra Energy in the 2nd quarter worth $25,000. Manning & Napier Advisors LLC purchased a new position in NextEra Energy during the second quarter valued at $26,000. Anfield Capital Management LLC grew its holdings in NextEra Energy by 692.3% during 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 period. Financial Life Planners purchased a new stake in NextEra Energy in the first quarter worth about $30,000. Finally, Wealth Watch Advisors INC raised 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 buying an additional 226 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on NEE. Jefferies Financial Group set a $94.00 price objective on NextEra Energy in a research note on Tuesday, July 14th. HC Wainwright reiterated a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. Weiss Ratings cut shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Wall Street Zen cut shares of NextEra Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 22nd. Finally, Morgan Stanley set a $114.00 target price on shares of NextEra Energy and gave the stock an “overweight” rating in a report on Friday, August 21st. Seventeen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $100.33.
NextEra Energy Stock Up 0.2%
Shares of NEE stock opened at $83.10 on Thursday. The stock has a market cap of $173.34 billion, a P/E ratio of 18.68, a PEG ratio of 2.57 and a beta of 0.65. NextEra Energy, Inc. has a 52 week low of $69.24 and a 52 week high of $98.75. 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 company’s fifty day simple moving average is $86.72 and its two-hundred day simple moving average is $89.52.
NextEra Energy (NYSE:NEE – Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. The firm had revenue of $7.53 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Analysts predict 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 will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be issued a $0.6232 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. NextEra Energy’s dividend payout ratio (DPR) is 55.96%.
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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