Town Capital LLC Buys New Position in NextEra Energy, Inc. $NEE

Town Capital LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the second quarter, HoldingsChannel reports. The institutional investor bought 8,168 shares of the utilities provider’s stock, valued at approximately $717,000. NextEra Energy comprises 0.5% of Town Capital LLC’s portfolio, making the stock its 18th biggest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Walker Asset Management LLC grew its stake in shares of 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 lifted its stake in NextEra Energy by 0.9% during the first quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider’s stock valued at $1,170,000 after purchasing an additional 107 shares during the last quarter. Garrison Point Advisors LLC lifted its stake in NextEra Energy by 0.4% during the fourth quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider’s stock valued at $2,269,000 after purchasing an additional 109 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in NextEra Energy by 12.8% during the first quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider’s stock worth $94,000 after buying an additional 111 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its holdings in 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 buying an additional 112 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Up 0.1%

NYSE NEE opened at $86.29 on Wednesday. The firm’s 50 day moving average price is $87.25 and its two-hundred day moving average price is $89.96. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. NextEra Energy, Inc. has a twelve month low of $69.24 and a twelve month high of $98.75. The stock has a market cap of $179.98 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.36 and a beta of 0.67.

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

NextEra Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. DA Davidson increased their price objective on NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Wall Street Zen cut NextEra Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. TD Cowen lifted their price target on NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Morgan Stanley restated an “overweight” rating and set a $116.00 price objective on shares of NextEra Energy in a report on Wednesday, July 22nd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $108.00 price objective on shares of NextEra Energy in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $99.36.

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.