Narwhal Capital Management Sells 17,356 Shares of NextEra Energy, Inc. $NEE

Narwhal Capital Management trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.1% during the second quarter, Holdings Channel.com reports. The firm owned 155,183 shares of the utilities provider’s stock after selling 17,356 shares during the period. NextEra Energy accounts for approximately 0.9% of Narwhal Capital Management’s holdings, making the stock its 27th largest position. Narwhal Capital Management’s holdings in NextEra Energy were worth $13,620,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Walker Asset Management LLC raised its position in NextEra Energy by 2.2% in the 1st quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider’s stock worth $465,000 after purchasing an additional 107 shares during the last quarter. PUREfi Wealth LLC boosted its position in NextEra Energy by 0.9% in the 1st quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider’s stock valued at $1,170,000 after buying an additional 107 shares during the last quarter. Garrison Point Advisors LLC increased its stake in shares of NextEra Energy by 0.4% in the 4th quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider’s stock valued at $2,269,000 after buying an additional 109 shares during the period. Cornerstone Planning Group LLC increased its stake in shares of NextEra Energy by 12.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider’s stock valued at $94,000 after buying an additional 111 shares during the period. Finally, Legacy Wealth Managment LLC ID raised its position in shares of NextEra Energy by 23.2% during the first quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 112 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NEE. TD Cowen upped their price target on NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, April 27th. DA Davidson boosted their price objective on NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings downgraded shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Barclays set a $91.00 target price on shares of NextEra Energy and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Finally, BMO Capital Markets lifted their price target on shares of NextEra Energy from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.36.

NextEra Energy Stock Down 0.0%

NYSE:NEE opened at $86.18 on Monday. 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, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75. The stock’s fifty day simple moving average is $87.17 and its 200-day simple moving average is $89.98. The firm has a market capitalization of $179.75 billion, a P/E ratio of 19.37, a P/E/G ratio of 2.36 and a beta of 0.67.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 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 business had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The firm’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. Equities research analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

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

NextEra Energy 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.