Candriam S.C.A. Raises Holdings in NextEra Energy, Inc. $NEE

Candriam S.C.A. lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 54.0% in the 1st quarter, Holdings Channel reports. The fund owned 1,826,628 shares of the utilities provider’s stock after buying an additional 640,824 shares during the quarter. NextEra Energy accounts for approximately 0.9% of Candriam S.C.A.’s holdings, making the stock its 20th largest position. Candriam S.C.A.’s holdings in NextEra Energy were worth $169,657,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Beacon Harbor Wealth Advisors Inc. lifted its holdings in NextEra Energy by 1.4% during the first quarter. Beacon Harbor Wealth Advisors Inc. now owns 94,623 shares of the utilities provider’s stock valued at $8,789,000 after purchasing an additional 1,350 shares during the last quarter. Osprey Private Wealth LLC raised its position in shares of NextEra Energy by 77.3% in the first quarter. Osprey Private Wealth LLC now owns 23,045 shares of the utilities provider’s stock valued at $2,140,000 after purchasing an additional 10,045 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of NextEra Energy by 8.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 144,907 shares of the utilities provider’s stock valued at $13,459,000 after buying an additional 11,844 shares in the last quarter. Relyea Zuckerberg Hanson LLC boosted its holdings in NextEra Energy by 21.7% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 8,039 shares of the utilities provider’s stock worth $747,000 after buying an additional 1,434 shares during the period. Finally, KLCM Advisors Inc. boosted its holdings in NextEra Energy by 7.2% in the 1st quarter. KLCM Advisors Inc. now owns 2,961 shares of the utilities provider’s stock worth $275,000 after buying an additional 200 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NEE shares. Wells Fargo & Company set a $102.00 target price on shares of NextEra Energy and gave the company an “overweight” rating in a report on Friday, April 24th. TD Cowen increased their price objective on NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Wall Street Zen lowered NextEra Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. BMO Capital Markets lowered their price target on shares of NextEra Energy from $104.00 to $102.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. Finally, Barclays set a $91.00 price objective on shares of NextEra Energy and gave the company an “equal weight” rating in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $99.90.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $87.89 on Friday. The company’s fifty day moving average price is $88.56 and its 200-day moving average price is $88.87. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44. The firm has a market capitalization of $183.27 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 2.55 and a beta of 0.67. NextEra Energy, Inc. has a one year low of $69.24 and a one year high of $98.75.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.43 billion. During the same period in the previous year, the firm posted $0.99 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were issued a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, June 5th. NextEra Energy’s dividend payout ratio is presently 63.36%.

About NextEra Energy

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.