DNB Asset Management AS Buys 41,988 Shares of NextEra Energy, Inc. $NEE

DNB Asset Management AS raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,438,894 shares of the utilities provider’s stock after acquiring an additional 41,988 shares during the quarter. DNB Asset Management AS’s holdings in NextEra Energy were worth $115,514,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NEE. Pictet Asset Management Holding SA boosted its position in NextEra Energy by 47.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock valued at $742,913,000 after acquiring an additional 2,972,924 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab bought a new stake in NextEra Energy during the 3rd quarter valued at $177,198,000. Vanguard Group Inc. boosted its position in NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock valued at $17,343,185,000 after acquiring an additional 2,234,176 shares in the last quarter. Amundi boosted its position in NextEra Energy by 16.7% during the 3rd quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock valued at $1,012,129,000 after acquiring an additional 1,780,881 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in NextEra Energy during the 4th quarter valued at $105,210,000. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NEE shares. Erste Group Bank upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. upped their target price on NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday. Jefferies Financial Group upped their target price on NextEra Energy from $92.00 to $93.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. BMO Capital Markets reaffirmed an “outperform” rating and set a $104.00 target price (up from $99.00) on shares of NextEra Energy in a research report on Monday, April 27th. Finally, Wells Fargo & Company set a $102.00 target price on NextEra Energy and gave the stock an “overweight” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $99.10.

Insider Buying and Selling

In other NextEra Energy news, Treasurer James Michael May sold 7,161 shares of NextEra Energy stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction of $646,423.47. Following the completion of the transaction, the treasurer owned 26,719 shares in the company, valued at approximately $2,411,924.13. This trade represents a 21.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Nicole J. Daggs sold 4,934 shares of NextEra Energy stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $93.00, for a total value of $458,862.00. Following the transaction, the executive vice president owned 16,905 shares of the company’s stock, valued at $1,572,165. The trade was a 22.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 31,767 shares of company stock worth $2,881,077 in the last 90 days. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE stock opened at $93.34 on Friday. The firm has a market capitalization of $194.64 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 2.81 and a beta of 0.73. 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 business has a fifty day moving average of $92.94 and a 200 day moving average of $87.81. NextEra Energy, Inc. has a 1 year low of $63.88 and a 1 year high of $98.75.

NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.43 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $0.99 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, research analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

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.