Pictet Asset Management Holding SA Grows Holdings in NextEra Energy, Inc. $NEE

Pictet Asset Management Holding SA raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 4.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,648,920 shares of the utilities provider’s stock after buying an additional 394,898 shares during the period. NextEra Energy comprises about 0.9% of Pictet Asset Management Holding SA’s investment portfolio, making the stock its 12th biggest position. Pictet Asset Management Holding SA owned 0.46% of NextEra Energy worth $896,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new position in NextEra Energy in the fourth quarter worth $25,000. Anfield Capital Management LLC raised its position 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 in the last quarter. Wealth Watch Advisors INC raised its position in NextEra Energy by 223.8% during the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 226 shares in the last quarter. Osbon Capital Management LLC bought a new stake in NextEra Energy during the fourth quarter worth about $27,000. Finally, Strive Asset Management LLC purchased a new position in shares of NextEra Energy in the 3rd quarter worth about $29,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.7%

NYSE NEE opened at $88.29 on Friday. NextEra Energy, Inc. has a 1-year low of $67.20 and a 1-year high of $98.75. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41. The stock has a 50-day moving average of $89.69 and a 200-day moving average of $88.38. The firm has a market cap of $184.11 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 2.60 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.06. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.43 billion. During the same period in the prior year, the business posted $0.99 EPS. 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. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were paid a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, June 5th. NextEra Energy’s dividend payout ratio is 63.36%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NEE. Scotiabank increased their price objective on NextEra Energy from $102.00 to $110.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Barclays set a $90.00 target price on NextEra Energy and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Mizuho upped their target price on NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. BTIG Research reiterated a “buy” rating and set a $112.00 price target on shares of NextEra Energy in a research report on Friday, April 24th. Finally, UBS Group lifted their price target on shares of NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.