NextEra Energy, Inc. $NEE Stake Lowered by Welch Group LLC

Welch Group LLC cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 852,934 shares of the utilities provider’s stock after selling 16,487 shares during the period. NextEra Energy comprises approximately 3.0% of Welch Group LLC’s investment portfolio, making the stock its 9th biggest holding. Welch Group LLC’s holdings in NextEra Energy were worth $79,220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of NextEra Energy during the 4th quarter worth approximately $2,816,327,000. Employees Provident Fund Board bought a new stake in NextEra Energy in the fourth quarter worth $240,840,000. Pictet Asset Management Holding SA increased its position in NextEra Energy by 47.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock worth $742,913,000 after purchasing an additional 2,972,924 shares during the last quarter. Danica Pension Livsforsikringsaktieselskab bought a new stake in NextEra Energy in the third quarter worth $177,198,000. Finally, Vanguard Group Inc. raised its stake in NextEra Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock valued at $17,343,185,000 after purchasing an additional 2,234,176 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.7%

Shares of NEE opened at $88.29 on Friday. The company has a market cap of $184.11 billion, a PE ratio of 22.47, a P/E/G ratio of 2.57 and a beta of 0.68. The business has a fifty day moving average of $89.69 and a 200 day moving average of $88.38. NextEra Energy, Inc. has a 52-week low of $67.20 and a 52-week high of $98.75. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41.

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

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors 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 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy’s payout ratio is currently 63.36%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NEE shares. Mizuho increased their price objective on shares of NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Sanford C. Bernstein set a $107.00 target price on shares of NextEra Energy and gave the company an “outperform” rating in a research report on Tuesday, June 16th. Erste Group Bank downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Scotiabank lifted their price target on NextEra Energy from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.86.

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.