Bank of New York Mellon Corp Has $1.15 Billion Stake in NextEra Energy, Inc. $NEE

Bank of New York Mellon Corp reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,048,560 shares of the utilities provider's stock after selling 287,157 shares during the period. Bank of New York Mellon Corp owned 0.63% of NextEra Energy worth $1,145,272,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Anfield Capital Management LLC lifted its position in shares of NextEra Energy by 692.3% during the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 270 shares during the period. Laurel Wealth Advisors LLC bought a new stake in NextEra Energy in the fourth quarter valued at $25,000. Financial Life Planners bought a new stake in NextEra Energy in the first quarter valued at $30,000. Wealth Watch Advisors INC raised its holdings in shares of NextEra Energy by 223.8% during the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 226 shares during the period. Finally, Manning & Napier Advisors LLC boosted its position in shares of NextEra Energy by 104.9% during the 1st quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider's stock worth $31,000 after purchasing an additional 172 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of recent research reports. Weiss Ratings cut NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, June 11th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $94.00 to $96.00 and gave the stock an "outperform" rating in a research report on Monday, July 27th. Bank of America lowered their target price on shares of NextEra Energy from $95.00 to $93.00 and set a "neutral" rating on the stock in a report on Monday, July 13th. Erste Group Bank cut shares of NextEra Energy from a "buy" rating to a "hold" rating in a research report on Thursday, June 25th. Finally, DA Davidson lifted their price target on NextEra Energy from $95.00 to $105.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Seventeen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus price target of $100.33.

NextEra Energy Trading Up 0.2%

NYSE:NEE opened at $84.24 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. The firm has a market cap of $175.71 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 2.30 and a beta of 0.67. NextEra Energy, Inc. has a 52 week low of $69.24 and a 52 week high of $98.75. The firm has a 50-day moving average price of $87.14 and a two-hundred day moving average price of $89.83.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. The firm had revenue of $7.53 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The company's revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, equities analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be issued a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, August 28th. NextEra Energy's dividend payout ratio (DPR) is 55.96%.

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.

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