Glenview Trust Co Purchases Shares of 302,900 NextEra Energy, Inc. $NEE

Glenview Trust Co purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the second quarter, according to its most recent filing with the SEC. The firm purchased 302,900 shares of the utilities provider’s stock, valued at approximately $28,133,000.

Several other hedge funds have also recently made changes to their positions in the business. Anfield Capital Management LLC grew its stake in NextEra Energy by 692.3% during the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 270 shares during the period. Kilter Group LLC bought a new stake in NextEra Energy in the second quarter worth approximately $25,000. Manning & Napier Advisors LLC acquired a new position in NextEra Energy in the second quarter valued at approximately $26,000. Wealth Watch Advisors INC lifted its stake in NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after buying an additional 226 shares during the period. Finally, Osbon Capital Management LLC bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $27,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

NEE opened at $83.10 on Thursday. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75. The company has a market cap of $173.34 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 2.57 and a beta of 0.65. The company’s fifty day moving average price is $86.72 and its two-hundred day moving average price is $89.52. 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 (NYSE:NEE) last issued its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. The firm had revenue of $7.53 billion during the quarter, compared to analysts’ expectations 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 was up 12.4% on a year-over-year basis. During the same period last year, the company earned $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal 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 paid a dividend of $0.6232 per share. The ex-dividend date is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. NextEra Energy’s payout ratio is 55.96%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. BMO Capital Markets raised their price target on shares of NextEra Energy from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Morgan Stanley set a $114.00 price objective on shares of NextEra Energy and gave the company an “overweight” rating in a report on Friday, August 21st. Erste Group Bank cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Barclays set a $91.00 target price on NextEra Energy and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. upped their price target on NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Seventeen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $100.33.

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.