QRG Capital Management Inc. Buys 46,591 Shares of NextEra Energy, Inc. $NEE

QRG Capital Management Inc. lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 23.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 243,912 shares of the utilities provider’s stock after acquiring an additional 46,591 shares during the period. QRG Capital Management Inc.’s holdings in NextEra Energy were worth $22,655,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC purchased a new stake in NextEra Energy during the fourth quarter valued at about $25,000. Anfield Capital Management LLC lifted its stake in NextEra Energy by 692.3% during the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 270 shares during the last quarter. Wealth Watch Advisors INC boosted its holdings in shares of NextEra Energy by 223.8% in 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 in the last quarter. Osbon Capital Management LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth about $27,000. Finally, Strive Asset Management LLC bought a new position in shares of NextEra Energy during the 3rd quarter valued at about $29,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Down 0.1%

NEE opened at $88.24 on Friday. NextEra Energy, Inc. has a 12 month low of $69.24 and a 12 month 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 business’s 50-day moving average price is $89.34 and its 200-day moving average price is $88.63. The company has a market cap of $184.02 billion, a P/E ratio of 22.45, a P/E/G ratio of 2.59 and a beta of 0.67.

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. On average, equities analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were issued a $0.6232 dividend. The ex-dividend date was Friday, June 5th. This represents a $2.49 annualized dividend and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is currently 63.36%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NEE shares. BTIG Research reissued a “buy” rating and set a $112.00 price objective on shares of NextEra Energy in a report on Friday, April 24th. 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. Wall Street Zen cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Saturday. HSBC boosted their price objective on shares of NextEra Energy from $103.00 to $106.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $99.86.

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.