Pictet Asset Management Holding SA Purchases 394,898 Shares of NextEra Energy, Inc. $NEE

Pictet Asset Management Holding SA raised its position in NextEra Energy, Inc. (NYSE:NEE) by 4.3% during the first quarter, Holdings Channel.com reports. The fund owned 9,648,920 shares of the utilities provider’s stock after purchasing an additional 394,898 shares during the quarter. NextEra Energy accounts for approximately 0.9% of Pictet Asset Management Holding SA’s investment portfolio, making the stock its 12th largest position. Pictet Asset Management Holding SA’s holdings in NextEra Energy were worth $896,185,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Anfield Capital Management LLC grew its stake in shares of NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 270 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in NextEra Energy during the 4th quarter valued at approximately $25,000. Wealth Watch Advisors INC raised its position in NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 226 shares during the last quarter. Osbon Capital Management LLC bought a new position in NextEra Energy during the 4th quarter valued at approximately $27,000. Finally, Quest 10 Wealth Builders Inc. lifted its holdings in NextEra Energy by 135.4% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 379 shares of the utilities provider’s stock worth $30,000 after buying an additional 218 shares during the period. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Up 0.7%

NEE opened at $88.29 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41. NextEra Energy, Inc. has a 52 week low of $67.20 and a 52 week high of $98.75. The stock has a market cap of $184.11 billion, a PE ratio of 22.47, a PEG ratio of 2.60 and a beta of 0.68. The business has a 50 day moving average of $89.69 and a 200-day moving average of $88.38.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.06. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Equities research analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were paid a $0.6232 dividend. This represents a $2.49 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, June 5th. NextEra Energy’s dividend payout ratio (DPR) is presently 63.36%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NEE. Sanford C. Bernstein set a $107.00 price objective on NextEra Energy and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. Scotiabank raised their price target on NextEra Energy from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. DA Davidson raised their price target on NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. HSBC lifted their price target on shares of NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, Barclays set a $90.00 price objective on shares of NextEra Energy and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.86.

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.