HUB Investment Partners LLC Sells 82,866 Shares of NextEra Energy, Inc. $NEE

HUB Investment Partners LLC trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 49.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 83,112 shares of the utilities provider’s stock after selling 82,866 shares during the quarter. HUB Investment Partners LLC’s holdings in NextEra Energy were worth $7,295,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NEE. KDT Advisors LLC increased its stake in shares of NextEra Energy by 10.0% during the second quarter. KDT Advisors LLC now owns 5,647 shares of the utilities provider’s stock valued at $496,000 after buying an additional 515 shares during the period. Quadcap Wealth Management LLC lifted its stake in NextEra Energy by 22.9% in the second quarter. Quadcap Wealth Management LLC now owns 21,648 shares of the utilities provider’s stock worth $1,900,000 after acquiring an additional 4,038 shares during the period. BOCHK Asset Management Ltd bought a new position in NextEra Energy during the 2nd quarter worth about $2,370,000. MGO One Seven LLC grew its holdings in NextEra Energy by 2.2% during the 2nd quarter. MGO One Seven LLC now owns 143,939 shares of the utilities provider’s stock worth $12,634,000 after acquiring an additional 3,129 shares in the last quarter. Finally, Ascent Wealth Partners LLC increased its position in NextEra Energy by 13.0% during the 2nd quarter. Ascent Wealth Partners LLC now owns 9,536 shares of the utilities provider’s stock valued at $837,000 after purchasing an additional 1,100 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE opened at $83.71 on Friday. The firm’s fifty day moving average is $87.22 and its two-hundred day moving average is $89.88. The firm has a market cap of $174.60 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 2.33 and a beta of 0.67. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. NextEra Energy, Inc. has a one year low of $69.24 and a one year high of $98.75.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be paid a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s payout ratio is 55.96%.

Wall Street Analyst Weigh In

Several research firms have recently commented on NEE. Wells Fargo & Company set a $102.00 price target on shares of NextEra Energy and gave the company an “overweight” rating in a report on Friday, April 24th. Evercore reissued an “outperform” rating and set a $107.00 price objective on shares of NextEra Energy in a report on Monday, May 4th. HC Wainwright reissued a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Jefferies Financial Group set a $94.00 target price on NextEra Energy in a report on Tuesday, July 14th. Finally, Barclays set a $91.00 price target on shares of NextEra Energy and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Seventeen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $100.33.

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.