C WorldWide Group Holding A S cut its stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 7.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,401,182 shares of the utilities provider’s stock after selling 187,461 shares during the quarter. NextEra Energy accounts for 4.8% of C WorldWide Group Holding A S’s holdings, making the stock its 9th biggest position. C WorldWide Group Holding A S’s holdings in NextEra Energy were worth $223,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently modified their holdings of NEE. Norges Bank bought a new position in 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 valued at approximately $240,840,000. Pictet Asset Management Holding SA raised its holdings 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 period. Vanguard Group Inc. boosted its position in shares of NextEra Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock worth $17,343,185,000 after purchasing an additional 2,234,176 shares in the last quarter. Finally, Amundi boosted its position in shares of NextEra Energy by 16.7% during the third quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock worth $1,012,129,000 after purchasing an additional 1,780,881 shares in the last quarter. 78.72% of the stock is owned by institutional investors.
NextEra Energy Stock Performance
NEE opened at $89.32 on Friday. The company has a market capitalization of $186.27 billion, a price-to-earnings ratio of 22.73, a P/E/G ratio of 2.44 and a beta of 0.67. The business’s 50-day moving average price is $88.03 and its two-hundred day moving average price is $89.18. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44.
NextEra Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were given 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 yield of 2.8%. NextEra Energy’s dividend payout ratio is 63.36%.
Analysts Set New Price Targets
Several analysts recently commented on NEE shares. Evercore reaffirmed an “outperform” rating and set a $107.00 price objective on shares of NextEra Energy in a research note on Monday, May 4th. BMO Capital Markets decreased their target price on NextEra Energy from $104.00 to $102.00 and set an “outperform” rating for the company in a research note on Monday, May 18th. Wells Fargo & Company set a $102.00 price target on NextEra Energy and gave the stock an “overweight” rating in a report on Friday, April 24th. Erste Group Bank cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Weiss Ratings lowered NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $99.64.
Read Our Latest Research Report on NEE
NextEra Energy News Summary
Here are the key news stories impacting NextEra Energy this week:
- Positive Sentiment: NextEra and Dominion filed regulatory applications to combine, creating what could become the largest regulated electric utility in the U.S. The deal would expand NextEra’s scale across fast-growing Southeastern markets and could add long-term earnings power if approved. NextEra Energy and Dominion Energy file to combine, building a stronger company to meet growing power demand across four of America’s fastest-growing states while keeping energy affordable and reliable
- Positive Sentiment: Analyst coverage highlighted NextEra’s growing battery-storage portfolio as a support for grid reliability, renewable integration and future growth, reinforcing the company’s clean-energy leadership. Can NextEra’s Battery Storage Boost the Clean Energy Transition?
- Positive Sentiment: Earlier reporting also noted that the stock had outperformed recently, suggesting investors are responding favorably to the company’s growth outlook and strategic positioning. NextEra Energy (NEE) Laps the Stock Market: Here’s Why
- Neutral Sentiment: The proposed Dominion merger includes $2.25 billion in bill credits for customers and is not expected to close until the second half of 2027, so investors may be waiting for regulatory clarity before assigning full value to the transaction. NextEra Energy (NEE) Files For Dominion Merger With $2.25 Billion In Bill Credits
- Neutral Sentiment: Coverage comparing NextEra with Consolidated Edison and other dividend-oriented utility names underscores NEE’s status as a stable income stock, but does not appear to be a major near-term catalyst. Critical Survey: Consolidated Edison (NYSE:ED) & NextEra Energy (NYSE:NEE)
NextEra Energy Company 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.
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