NextEra Energy, Inc. $NEE Position Reduced by Providence Wealth Advisors LLC

Providence Wealth Advisors LLC trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 55.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,512 shares of the utilities provider’s stock after selling 23,221 shares during the period. Providence Wealth Advisors LLC’s holdings in NextEra Energy were worth $1,618,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Indivisible Partners bought a new position in shares of NextEra Energy in the fourth quarter valued at $1,355,000. Czech National Bank boosted its stake in shares of NextEra Energy by 4.7% during the 2nd quarter. Czech National Bank now owns 593,568 shares of the utilities provider’s stock worth $52,097,000 after acquiring an additional 26,378 shares in the last quarter. Swedbank AB boosted its stake in shares of NextEra Energy by 13.4% during the 4th quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider’s stock worth $81,615,000 after acquiring an additional 120,389 shares in the last quarter. Annex Advisory Services LLC grew its holdings in shares of NextEra Energy by 13.9% in the 2nd quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider’s stock worth $62,405,000 after acquiring an additional 86,585 shares during the last quarter. Finally, MGO One Seven LLC grew its holdings in shares of NextEra Energy by 12.1% in the 4th quarter. MGO One Seven LLC now owns 137,251 shares of the utilities provider’s stock worth $11,018,000 after acquiring an additional 14,828 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

Shares of NEE stock opened at $84.97 on Friday. The company has a market capitalization of $177.23 billion, a price-to-earnings ratio of 19.09, a P/E/G ratio of 2.35 and a beta of 0.67. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The stock’s fifty day simple moving average is $87.27 and its 200-day simple moving average is $89.92.

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

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, August 28th. NextEra Energy’s payout ratio is currently 55.96%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NEE. Jefferies Financial Group set a $94.00 target price on NextEra Energy in a research report on Tuesday, July 14th. TD Cowen lifted their price target on NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Morgan Stanley restated an “overweight” rating and set a $116.00 price objective on shares of NextEra Energy in a report on Wednesday, July 22nd. Weiss Ratings lowered shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, Erste Group Bank cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Seventeen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average 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.