Welch & Forbes LLC Has $61.16 Million Stock Position in NextEra Energy, Inc. $NEE

Welch & Forbes LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 696,876 shares of the utilities provider’s stock after purchasing an additional 21,488 shares during the period. Welch & Forbes LLC’s holdings in NextEra Energy were worth $61,165,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in NextEra Energy in the fourth quarter valued at $2,816,327,000. Employees Provident Fund Board bought a new position in shares of NextEra Energy during the fourth quarter valued at $240,840,000. Pictet Asset Management Holding SA lifted its holdings in shares of NextEra Energy by 47.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock valued at $742,913,000 after acquiring an additional 2,972,924 shares during the period. Vanguard Group Inc. boosted its stake in shares of NextEra Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock valued at $17,343,185,000 after purchasing an additional 2,234,176 shares in the last quarter. Finally, Amundi grew its holdings in shares of NextEra Energy by 16.7% in the 3rd quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock worth $1,012,129,000 after purchasing an additional 1,780,881 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Down 1.1%

Shares of NEE opened at $84.97 on Friday. The firm has a market capitalization of $177.23 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.35 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. The business’s fifty day moving average price is $87.27 and its two-hundred day moving average price is $89.92. NextEra Energy, Inc. has a 52 week low of $69.24 and a 52 week high of $98.75.

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

NextEra Energy Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently issued reports on NEE. TD Cowen lifted their price target on shares of NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a report on Monday, April 27th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $108.00 price target on shares of NextEra Energy in a report on Monday, July 27th. Mizuho set a $95.00 price target on shares of NextEra Energy in a research report on Monday, July 27th. Weiss Ratings lowered shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Finally, BTIG Research restated a “buy” rating and issued a $112.00 price objective on shares of NextEra Energy in a research report on Friday, April 24th. Seventeen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average 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.