Dillon & Associates Inc. boosted its position in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 10.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,627 shares of the utilities provider’s stock after buying an additional 6,996 shares during the quarter. Dillon & Associates Inc.’s holdings in NextEra Energy were worth $6,050,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Isthmus Partners LLC increased its holdings in NextEra Energy by 1.9% in the third quarter. Isthmus Partners LLC now owns 6,590 shares of the utilities provider’s stock valued at $497,000 after buying an additional 120 shares during the last quarter. Heritage Wealth Management Inc. increased its holdings in NextEra Energy by 1.0% in the third quarter. Heritage Wealth Management Inc. now owns 12,320 shares of the utilities provider’s stock valued at $930,000 after buying an additional 125 shares during the last quarter. Westmount Partners LLC increased its holdings in NextEra Energy by 1.9% in the fourth quarter. Westmount Partners LLC now owns 6,660 shares of the utilities provider’s stock valued at $535,000 after buying an additional 125 shares during the last quarter. Crew Capital Management Ltd increased its holdings in NextEra Energy by 3.9% in the fourth quarter. Crew Capital Management Ltd now owns 3,347 shares of the utilities provider’s stock valued at $269,000 after buying an additional 125 shares during the last quarter. Finally, Marion Wealth Management increased its holdings in NextEra Energy by 0.6% in the fourth quarter. Marion Wealth Management now owns 21,101 shares of the utilities provider’s stock valued at $1,790,000 after buying an additional 125 shares during the last quarter. 78.72% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts recently weighed in on the company. Wells Fargo & Company set a $102.00 price objective on NextEra Energy and gave the company an “overweight” rating in a report on Friday, April 24th. Scotiabank lifted their target price on NextEra Energy from $102.00 to $110.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Mizuho lifted their target price on NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Erste Group Bank upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Finally, Seaport Research Partners decreased their target price on NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $99.15.
NextEra Energy Stock Performance
Shares of NYSE NEE opened at $88.61 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41. The stock has a 50 day simple moving average of $92.65 and a 200-day simple moving average of $88.12. The company has a market cap of $184.78 billion, a PE ratio of 22.55, a P/E/G ratio of 2.60 and a beta of 0.73. NextEra Energy, Inc. has a 12-month low of $65.97 and a 12-month high of $98.75.
NextEra Energy (NYSE:NEE – Get Free Report) last released its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.43 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, equities research analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current year.
NextEra Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 5th will be given a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, June 5th. NextEra Energy’s dividend payout ratio is 63.36%.
Insiders Place Their Bets
In other NextEra Energy news, EVP Nicole J. Daggs sold 4,934 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $93.00, for a total value of $458,862.00. Following the completion of the sale, the executive vice president directly owned 16,905 shares in the company, valued at $1,572,165. This represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $1,775,791.44. Following the completion of the sale, the executive vice president owned 73,857 shares of the company’s stock, valued at $6,667,071.39. This trade represents a 21.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 31,767 shares of company stock worth $2,881,077 over the last ninety days. Company insiders own 0.18% of the company’s stock.
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.
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