Benjamin Edwards Inc. Buys 50,926 Shares of NextEra Energy, Inc. $NEE

Key Points

• Benjamin Edwards Inc. increased its NextEra Energy stake by 13.2%, buying 50,926 additional shares to own 437,768 shares valued at approximately $38.4 million. Institutional investors collectively hold 78.72% of the company.
• NextEra Energy reported quarterly EPS of $1.15, exceeding estimates of $1.11, while revenue rose 12.4% year over year to $7.53 billion but fell short of the $8.11 billion consensus forecast.
• The company declared a quarterly dividend of $0.6232 per share, equivalent to $2.49 annually and a 2.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $99.36, compared with a share price of $86.18.

Benjamin Edwards Inc. lifted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 13.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 437,768 shares of the utilities provider's stock after buying an additional 50,926 shares during the period. Benjamin Edwards Inc.'s holdings in NextEra Energy were worth $38,424,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Walker Asset Management LLC lifted its holdings in shares of NextEra Energy by 2.2% during the first quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider's stock valued at $465,000 after acquiring an additional 107 shares during the period. PUREfi Wealth LLC grew its holdings in shares of NextEra Energy by 0.9% in the 1st quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider's stock worth $1,170,000 after purchasing an additional 107 shares during the last quarter. Garrison Point Advisors LLC grew its holdings in shares of NextEra Energy by 0.4% in the 4th quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider's stock worth $2,269,000 after purchasing an additional 109 shares during the last quarter. Cornerstone Planning Group LLC increased its position in shares of NextEra Energy by 12.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider's stock worth $94,000 after purchasing an additional 111 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID increased its position in shares of NextEra Energy by 23.2% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider's stock worth $55,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Down 0.0%

Shares of NYSE NEE opened at $86.18 on Monday. The firm's 50-day simple moving average is $87.17 and its 200 day simple moving average is $89.98. The company 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. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 EPS 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 analyst estimates of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The company's revenue was up 12.4% on a year-over-year basis. During the same quarter 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, research analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share 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. Investors of record on Friday, August 28th will be issued a $0.6232 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. NextEra Energy's dividend payout ratio (DPR) is currently 55.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings lowered shares of NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, June 11th. Morgan Stanley reaffirmed an "overweight" rating and set a $116.00 price objective on shares of NextEra Energy in a report on Wednesday, July 22nd. Jefferies Financial Group set a $94.00 target price on shares of NextEra Energy in a research note on Tuesday, July 14th. Barclays set a $91.00 target price on NextEra Energy and gave the stock an "equal weight" rating in a report on Tuesday, July 7th. Finally, Evercore restated an "outperform" rating and set a $107.00 price target on shares of NextEra Energy in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $99.36.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source