Providence Wealth Advisors LLC Has $1.62 Million Holdings in NextEra Energy, Inc. $NEE

Providence Wealth Advisors LLC cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 55.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,512 shares of the utilities provider’s stock after selling 23,221 shares during the period. Providence Wealth Advisors LLC’s holdings in NextEra Energy were worth $1,618,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NEE. Weiss Ratings lowered shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Erste Group Bank lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Wells Fargo & Company set a $102.00 price objective on shares of NextEra Energy and gave the stock an “overweight” rating in a report on Friday, April 24th. HC Wainwright reissued a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. Finally, Mizuho set a $95.00 target price on NextEra Energy in a report on Monday, July 27th. Seventeen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $100.43.

NextEra Energy Price Performance

NYSE NEE opened at $84.97 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The company has a fifty day simple moving average of $87.27 and a 200 day simple moving average of $89.92. The company has a market cap of $177.23 billion, a P/E ratio of 19.09, a P/E/G ratio of 2.35 and a beta of 0.67. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. The firm had revenue of $7.53 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, sell-side analysts predict 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. Stockholders of record on Friday, August 28th will be paid a $0.6232 dividend. The ex-dividend date is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. NextEra Energy’s payout ratio is presently 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.