51,190 Shares in NextEra Energy, Inc. $NEE Purchased by Kinloch Capital LLC

Kinloch Capital LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEEFree Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 51,190 shares of the utilities provider’s stock, valued at approximately $4,493,000. NextEra Energy comprises about 1.6% of Kinloch Capital LLC’s holdings, making the stock its 28th largest position.

Other large investors have also recently bought and sold shares of the company. Kilter Group LLC purchased a new position in NextEra Energy during the 2nd quarter worth approximately $25,000. Manning & Napier Advisors LLC purchased a new stake in shares of NextEra Energy in the 2nd quarter valued at $26,000. Anfield Capital Management LLC boosted its holdings in shares of NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 270 shares during the last quarter. Financial Life Planners acquired a new stake in shares of NextEra Energy in the first quarter worth $30,000. Finally, Wealth Watch Advisors INC increased its stake in shares of NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 226 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of a number of research reports. Erste Group Bank downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Evercore reaffirmed an “outperform” rating and set a $107.00 price target on shares of NextEra Energy in a research report on Monday, May 4th. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Bank of America decreased their price objective on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a report on Monday, July 13th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $108.00 target price on shares of NextEra Energy in a research note on Monday, July 27th. Seventeen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $100.33.

Read Our Latest Report on NEE

NextEra Energy Stock Up 0.8%

NextEra Energy stock opened at $82.46 on Tuesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. The stock has a market capitalization of $172.00 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 2.24 and a beta of 0.67. The business has a 50 day simple moving average of $86.88 and a 200-day simple moving average of $89.64. NextEra Energy, Inc. has a 12 month low of $69.24 and a 12 month high of $98.75.

NextEra Energy (NYSE:NEEGet Free Report) last announced its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The firm had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter last year, the firm posted $1.05 EPS. The business’s 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. On average, analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 55.96%.

About NextEra Energy

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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