Renasant Bank Trims Stock Position in NextEra Energy, Inc. $NEE

Renasant Bank cut its position in NextEra Energy, Inc. (NYSE:NEE) by 64.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,613 shares of the utilities provider’s stock after selling 8,246 shares during the quarter. Renasant Bank’s holdings in NextEra Energy were worth $405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. bought a new position in shares of NextEra Energy in the second quarter worth $26,000. Kilter Group LLC bought a new stake in NextEra Energy during the second quarter valued at $25,000. Manning & Napier Advisors LLC purchased a new position in NextEra Energy during the second quarter worth about $26,000. Anfield Capital Management LLC increased its stake in NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 270 shares during the last quarter. Finally, Financial Life Planners bought a new position in NextEra Energy in the 1st quarter worth about $30,000. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research analyst reports. Wall Street Zen downgraded NextEra Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Weiss Ratings downgraded shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. BMO Capital Markets lifted their target price on shares of NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Mizuho set a $95.00 price target on shares of NextEra Energy in a research note on Monday, July 27th. Finally, Jefferies Financial Group set a $94.00 price target on shares of NextEra Energy in a report on Tuesday, July 14th. Seventeen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.33.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $83.96 on Friday. The firm has a market capitalization of $175.12 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 2.57 and a beta of 0.65. The company has a current ratio of 0.53, a quick ratio of 0.44 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 business’s 50-day moving average price is $86.64 and its 200-day moving average price is $89.45.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $8.11 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. NextEra Energy’s revenue for the quarter was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Sell-side analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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 of this dividend is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. NextEra Energy’s dividend payout ratio is 55.96%.

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.