Clare Market Investments LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,694 shares of the utilities provider’s stock, valued at approximately $1,272,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Walker Asset Management LLC lifted its position in shares of NextEra Energy by 2.2% during the 1st quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider’s stock valued at $465,000 after acquiring an additional 107 shares during the period. PUREfi Wealth LLC increased its position in shares of NextEra Energy by 0.9% in the first quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider’s stock worth $1,170,000 after purchasing an additional 107 shares during the period. Garrison Point Advisors LLC raised its stake in NextEra Energy by 0.4% in the fourth quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider’s stock valued at $2,269,000 after purchasing an additional 109 shares in the last quarter. 3Chopt Investment Partners LLC raised its stake in NextEra Energy by 0.8% in the fourth quarter. 3Chopt Investment Partners LLC now owns 14,105 shares of the utilities provider’s stock valued at $1,132,000 after purchasing an additional 114 shares in the last quarter. Finally, Nemes Rush Group LLC lifted its position in NextEra Energy by 5.2% during the fourth quarter. Nemes Rush Group LLC now owns 2,354 shares of the utilities provider’s stock worth $189,000 after purchasing an additional 117 shares during the period. Institutional investors own 78.72% of the company’s stock.
Analysts Set New Price Targets
NEE has been the topic of several recent analyst reports. DA Davidson raised their target price on shares of NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Evercore reissued an “outperform” rating and issued a $107.00 price objective on shares of NextEra Energy in a research note on Monday, May 4th. Wall Street Zen downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, HSBC raised their target price on NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Two 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.86.
NextEra Energy Stock Performance
Shares of NEE stock opened at $89.07 on Tuesday. The firm has a market capitalization of $185.75 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 2.59 and a beta of 0.67. 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 $88.68. NextEra Energy, Inc. has a 12 month low of $69.24 and a 12 month high of $98.75.
NextEra Energy (NYSE:NEE – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.06. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.43 billion. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Equities research 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 given 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 was Friday, June 5th. NextEra Energy’s dividend payout ratio (DPR) is 63.36%.
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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