Apollon Wealth Management LLC Purchases 97,289 Shares of NextEra Energy, Inc. $NEE

Key Points

• Apollon Wealth Management increased its NextEra Energy stake by 44.5% in the second quarter, purchasing 97,289 shares and bringing its total holdings to 315,851 shares valued at approximately $27.7 million. Institutional investors collectively own 78.72% of the company.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $99.36. Recent targets range from $96 to $112, though one analyst downgraded the stock to “Hold.”
• NextEra reported quarterly EPS of $1.15, exceeding estimates, while revenue rose 12.4% year over year to $7.53 billion. The company also declared a quarterly dividend of $0.6232, equivalent to an annualized $2.49 payout and a 2.9% yield.

Apollon Wealth Management LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 44.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 315,851 shares of the utilities provider's stock after purchasing an additional 97,289 shares during the period. Apollon Wealth Management LLC's holdings in NextEra Energy were worth $27,722,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after acquiring an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after acquiring an additional 298 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of NextEra Energy by 38.4% during the first quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider's stock valued at $887,000 after acquiring an additional 3,479 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in NextEra Energy by 18.1% during the second quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider's stock worth $386,000 after acquiring an additional 852 shares during the period. Finally, United Bank lifted its holdings in NextEra Energy by 2.9% during the second quarter. United Bank now owns 15,596 shares of the utilities provider's stock worth $1,083,000 after acquiring an additional 444 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on NEE shares. BMO Capital Markets upped their price objective on NextEra Energy from $94.00 to $96.00 and gave the company an "outperform" rating in a research note on Monday, July 27th. BTIG Research reiterated a "buy" rating and set a $112.00 target price on shares of NextEra Energy in a research note on Friday, April 24th. TD Cowen boosted their price target on shares of NextEra Energy from $99.00 to $101.00 and gave the stock a "buy" rating in a report on Monday, April 27th. Erste Group Bank lowered shares of NextEra Energy from a "buy" rating to a "hold" rating in a research report on Thursday, June 25th. Finally, Scotiabank raised their price objective on shares of NextEra Energy from $102.00 to $110.00 and gave the stock a "sector perform" rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $99.36.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $86.18 on Friday. 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 stock has a fifty day simple moving average of $87.17 and a two-hundred day simple moving average of $89.95. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75. The firm has a market cap of $179.75 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 2.36 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The business's revenue was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be paid a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, August 28th. NextEra Energy's payout ratio is currently 55.96%.

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.

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