First National Trust Co Has $17 Million Position in NextEra Energy, Inc. $NEE

First National Trust Co cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 193,685 shares of the utilities provider’s stock after selling 21,334 shares during the quarter. First National Trust Co’s holdings in NextEra Energy were worth $17,000,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Great Lakes Retirement Inc. increased its stake in shares of NextEra Energy by 13.7% in the second quarter. Great Lakes Retirement Inc. now owns 20,054 shares of the utilities provider’s stock valued at $1,760,000 after buying an additional 2,411 shares during the period. Assetmark Inc. lifted its stake in shares of NextEra Energy by 9.8% in the second quarter. Assetmark Inc. now owns 213,170 shares of the utilities provider’s stock worth $18,710,000 after acquiring an additional 19,089 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in NextEra Energy by 2.2% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 110,054 shares of the utilities provider’s stock valued at $9,659,000 after acquiring an additional 2,367 shares during the last quarter. Signet Investment Advisory Group Inc. boosted its holdings in NextEra Energy by 1.3% in the second quarter. Signet Investment Advisory Group Inc. now owns 71,191 shares of the utilities provider’s stock valued at $6,248,000 after acquiring an additional 892 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in NextEra Energy by 1.5% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,644,707 shares of the utilities provider’s stock valued at $407,666,000 after purchasing an additional 67,620 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 1.1%

NextEra Energy stock opened at $84.97 on Friday. The company has a market capitalization of $177.23 billion, a PE ratio of 19.09, a PEG ratio of 2.35 and a beta of 0.67. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75. The firm’s fifty day moving average is $87.27 and its 200 day moving average is $89.92. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. The business had revenue of $7.53 billion during 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 quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the company posted $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NEE shares. TD Cowen boosted their price target on shares of NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Jefferies Financial Group set a $94.00 price objective on shares of NextEra Energy in a research report on Tuesday, July 14th. Bank of America lowered their target price on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a research note on Monday, July 13th. Sanford C. Bernstein restated an “outperform” rating and issued a $108.00 target price on shares of NextEra Energy in a report on Monday, July 27th. Finally, BMO Capital Markets increased their price target on NextEra Energy from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Seventeen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.43.

About NextEra Energy

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.