NextEra Energy, Inc. $NEE Holdings Increased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,174,456 shares of the utilities provider’s stock after purchasing an additional 44,944 shares during the period. Commonwealth Equity Services LLC’s holdings in NextEra Energy were worth $164,693,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cornerstone Planning Group LLC increased its holdings in NextEra Energy by 12.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider’s stock worth $94,000 after purchasing an additional 111 shares during the period. Legacy Wealth Managment LLC ID boosted its stake in shares of NextEra Energy by 23.2% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider’s stock valued at $55,000 after buying an additional 112 shares during the period. Fingerlakes Wealth Management Inc. boosted its stake in shares of NextEra Energy by 0.7% in the 2nd quarter. Fingerlakes Wealth Management Inc. now owns 16,669 shares of the utilities provider’s stock valued at $1,463,000 after buying an additional 116 shares during the period. Zhang Financial LLC grew its position in shares of NextEra Energy by 1.0% during the second quarter. Zhang Financial LLC now owns 12,432 shares of the utilities provider’s stock worth $1,091,000 after buying an additional 117 shares in the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. grew its position in shares of NextEra Energy by 0.7% during the second quarter. SBI Okasan Asset Management Co.Ltd. now owns 17,715 shares of the utilities provider’s stock worth $1,571,000 after buying an additional 118 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Scotiabank cut their target price on shares of NextEra Energy from $110.00 to $99.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 30th. HSBC set a $103.00 price target on shares of NextEra Energy in a research note on Thursday, October 22nd. Wall Street Zen upgraded shares of NextEra Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 17th. Seaport Research Partners reiterated a “sell” rating and set a $56.00 price target (up from $55.00) on shares of NextEra Energy in a report on Friday, October 2nd. Finally, Wells Fargo & Company raised shares of NextEra Energy to a “strong-buy” rating in a research report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $97.80.

NextEra Energy Stock Down 0.2%

NextEra Energy stock opened at $88.27 on Friday. The stock has a market cap of $185.12 billion, a PE ratio of 15.90, a P/E/G ratio of 2.73 and a beta of 0.60. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.53 and a quick ratio of 0.45. The stock’s fifty day moving average is $80.43 and its two-hundred day moving average is $87.25. NextEra Energy, Inc. has a 1-year low of $74.41 and a 1-year high of $98.75.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. The business had revenue of $8.09 billion during the quarter, compared to analysts’ expectations of $8.47 billion. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.13 EPS. On average, sell-side analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 27th will be paid a dividend of $0.6232 per share. The ex-dividend date is Friday, November 27th. This represents a $2.49 annualized dividend and a yield of 2.8%. NextEra Energy’s payout ratio is presently 44.86%.

Key NextEra Energy News

Here are the key news stories impacting NextEra Energy this week:

• Positive Sentiment: A Virginia Chamber of Commerce–commissioned study says the merger could create thousands of jobs in Virginia. That economic case may help build support for the deal, though it does not ensure regulatory approval. Virginia Chamber of Commerce promotes study touting Dominion merger benefits
• Positive Sentiment: A report describes the Virginia merger review as advancing and highlights safeguards in the case. Progress and protections could help address concerns around the transaction, but the available report details do not establish that approval is assured. NextEra Energy stock gains safeguards as Virginia merger review advances
• Neutral Sentiment: A comparison of NextEra and Duke Energy says both could benefit from rising electricity demand tied to AI. It characterizes NextEra as having stronger earnings growth, while Duke offers a lower valuation and higher dividend; the article does not report a new company-specific development. NextEra Energy vs. Duke Energy: Which Dividend Utility Wins the AI Power Boom?
• Negative Sentiment: Faith leaders and community advocates urged Virginia’s State Corporation Commission to reject the Dominion acquisition, arguing it could put corporate profits ahead of families and local communities. Their opposition underscores political and regulatory risk for the proposed deal. Faith Leaders Urge SCC to Reject Dominion-NextEra Merger

NextEra Energy Profile

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy’s principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.