Kintra Wealth LLC increased its stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 154.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,233 shares of the utilities provider’s stock after acquiring an additional 11,669 shares during the period. Kintra Wealth LLC’s holdings in NextEra Energy were worth $1,654,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NEE. Pin Oak Investment Advisors Inc. bought a new position in shares of NextEra Energy during the 2nd quarter valued at approximately $26,000. Kilter Group LLC bought a new position in NextEra Energy during the second quarter valued at $25,000. Manning & Napier Advisors LLC purchased a new stake in shares of NextEra Energy in the second quarter valued at $26,000. Financial Life Planners bought a new stake in shares of NextEra Energy in the 1st quarter worth about $30,000. Finally, Wealth Watch Advisors INC boosted its stake 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 purchasing an additional 226 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
NEE has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of NextEra Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Erste Group Bank downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. raised their price target on NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Jefferies Financial Group set a $94.00 price objective on NextEra Energy in a report on Tuesday, July 14th. Finally, Barclays set a $91.00 price objective on NextEra Energy and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Seventeen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $100.33.
NextEra Energy Stock Performance
Shares of NYSE:NEE opened at $83.33 on Monday. The firm has a 50 day moving average of $86.54 and a 200 day moving average of $89.38. 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 has a market capitalization of $173.81 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 2.58 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.
NextEra Energy (NYSE:NEE – Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. The business had revenue of $7.53 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The business’s revenue was up 12.4% compared to the same quarter last year. During the same period last year, the business posted $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, sell-side analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.
NextEra Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be issued a $0.6232 dividend. The ex-dividend date is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. NextEra Energy’s payout ratio is currently 55.96%.
About NextEra Energy
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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