Carnegie Investment Counsel Has $35.63 Million Stock Holdings in NextEra Energy, Inc. $NEE

Carnegie Investment Counsel trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.0% in the second quarter, Holdings Channel.com reports. The fund owned 406,002 shares of the utilities provider’s stock after selling 44,893 shares during the quarter. Carnegie Investment Counsel’s holdings in NextEra Energy were worth $35,635,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NEE. Welch & Forbes LLC increased its position in NextEra Energy by 3.2% during the 2nd quarter. Welch & Forbes LLC now owns 696,876 shares of the utilities provider’s stock valued at $61,165,000 after purchasing an additional 21,488 shares during the period. Bender Robert & Associates lifted its position in shares of NextEra Energy by 2.2% in the 2nd quarter. Bender Robert & Associates now owns 34,692 shares of the utilities provider’s stock worth $3,045,000 after purchasing an additional 745 shares during the period. Elevated Private Wealth LLC bought a new stake in shares of NextEra Energy in the 2nd quarter valued at $1,013,000. Spectrum Investment Advisors Inc. boosted its stake in shares of NextEra Energy by 79.0% in the 2nd quarter. Spectrum Investment Advisors Inc. now owns 4,492 shares of the utilities provider’s stock valued at $394,000 after purchasing an additional 1,983 shares during the last quarter. Finally, Bigelow Investment Advisors LLC increased its position in shares of NextEra Energy by 0.7% during the second quarter. Bigelow Investment Advisors LLC now owns 20,771 shares of the utilities provider’s stock worth $1,823,000 after buying an additional 138 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Down 1.1%

NEE opened at $84.97 on Friday. The company has a fifty day moving average price of $87.27 and a two-hundred day moving average price of $89.92. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75. The company has a market cap of $177.23 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 2.35 and a beta of 0.67. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. The company had revenue of $7.53 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The business’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be given a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 55.96%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wall Street Zen downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Jefferies Financial Group set a $94.00 price target on NextEra Energy in a report on Tuesday, July 14th. TD Cowen lifted their price objective on NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Wells Fargo & Company set a $102.00 price objective on NextEra Energy and gave the company an “overweight” rating in a research note on Friday, April 24th. Finally, Scotiabank upped their target price 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. Seventeen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $100.43.

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.