Elevated Private Wealth LLC Buys Shares of 11,538 NextEra Energy, Inc. $NEE

Elevated Private Wealth LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 11,538 shares of the utilities provider’s stock, valued at approximately $1,013,000.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of NextEra Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock valued at $17,343,185,000 after acquiring an additional 2,234,176 shares during the period. Geode Capital Management LLC lifted its stake in shares of NextEra Energy by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider’s stock worth $3,781,790,000 after purchasing an additional 966,152 shares during the last quarter. Norges Bank bought a new stake in NextEra Energy during the fourth quarter valued at about $2,816,327,000. Price T Rowe Associates Inc. MD grew its stake in NextEra Energy by 6.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider’s stock valued at $1,474,407,000 after purchasing an additional 1,136,074 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in NextEra Energy by 2.9% in the fourth quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider’s stock valued at $1,387,347,000 after purchasing an additional 485,854 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NEE opened at $84.97 on Friday. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75. 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 firm has a market capitalization of $177.23 billion, a PE ratio of 19.09, a P/E/G ratio of 2.35 and a beta of 0.67. The firm has a 50 day moving average of $87.27 and a two-hundred day moving average of $89.92.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.11 by $0.04. The business 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 revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be given a dividend of $0.6232 per share. 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 (DPR) is currently 55.96%.

Analysts Set New Price Targets

Several research firms have commented on NEE. Wells Fargo & Company set a $102.00 price target on shares of NextEra Energy and gave the company an “overweight” rating in a research report on Friday, April 24th. 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. HSBC increased their target price on shares of NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. HC Wainwright reaffirmed a “buy” rating on shares of NextEra Energy in a report on Monday, July 27th. Finally, Scotiabank upped their price target on NextEra Energy from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Seventeen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $100.43.

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.