Argent Capital Management LLC Sells 18,376 Shares of NextEra Energy, Inc. $NEE

Key Points

• Argent Capital Management reduced its NextEra Energy stake by 3.5%, selling 18,376 shares in the third quarter and retaining 510,178 shares worth approximately $38.6 million.
• Institutional investors and hedge funds own 78.72% of NextEra Energy, while analysts maintain a generally positive outlook with a consensus “Moderate Buy” rating and a $99.67 target price.
• NextEra Energy reported quarterly EPS of $1.15, beating estimates, and pays a quarterly dividend of $0.6232, equivalent to a 3.2% annualized yield.

Argent Capital Management LLC cut its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 510,178 shares of the utilities provider's stock after selling 18,376 shares during the quarter. NextEra Energy accounts for 0.3% of Argent Capital Management LLC's portfolio, making the stock its 23rd largest position. Argent Capital Management LLC's holdings in NextEra Energy were worth $38,641,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kilter Group LLC purchased a new stake in shares of NextEra Energy in the 2nd quarter valued at approximately $25,000. Manning & Napier Advisors LLC purchased a new position in NextEra Energy during the 2nd quarter worth approximately $26,000. Pin Oak Investment Advisors Inc. purchased a new position in NextEra Energy during the 2nd quarter worth approximately $26,000. Osbon Capital Management LLC acquired a new stake in NextEra Energy during the 4th quarter valued at $27,000. Finally, Financial Life Planners acquired a new stake in NextEra Energy during the 1st quarter valued at $30,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on NEE shares. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of NextEra Energy in a research report on Tuesday, September 8th. Erste Group Bank lowered NextEra Energy from a "buy" rating to a "hold" rating in a research report on Thursday, June 25th. Scotiabank reduced their price objective on NextEra Energy from $110.00 to $99.00 and set an "outperform" rating for the company in a research note on Wednesday, September 30th. Barclays set a $91.00 price objective on NextEra Energy and gave the stock an "equal weight" rating in a research report on Tuesday, July 7th. Finally, Mizuho set a $95.00 target price on NextEra Energy in a report on Monday, July 27th. Eighteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $99.67.

NextEra Energy Stock Up 0.0%

Shares of NYSE:NEE traded up $0.01 during midday trading on Monday, hitting $76.84. 3,362,968 shares of the stock were exchanged, compared to its average volume of 10,752,563. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. NextEra Energy, Inc. has a 52-week low of $74.41 and a 52-week high of $98.75. The business's fifty day simple moving average is $82.95 and its two-hundred day simple moving average is $87.52. The company has a market capitalization of $160.28 billion, a PE ratio of 17.27, a P/E/G ratio of 2.38 and a beta of 0.64.

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

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 28th were paid a $0.6232 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $2.49 annualized dividend and a dividend yield of 3.2%. NextEra Energy's payout ratio is presently 55.96%.

NextEra Energy Company Profile

NextEra Energy, Inc is an electric power and energy infrastructure company headquartered in Juno Beach, Florida. Through its principal subsidiary, Florida Power & Light Company (FPL), the company generates, transmits, distributes and sells electricity to customers across Florida. FPL serves residential, commercial and industrial customers and operates a diverse generation portfolio that includes natural gas, solar, nuclear and other resources.

NextEra Energy's other major business, NextEra Energy Resources, develops, owns and operates energy projects in the United States and Canada.

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