Carnegie Investment Counsel Sells 44,893 Shares of NextEra Energy, Inc. $NEE

Carnegie Investment Counsel cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 10.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 406,002 shares of the utilities provider's stock after selling 44,893 shares during the period. Carnegie Investment Counsel's holdings in NextEra Energy were worth $35,635,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Indivisible Partners bought a new stake in NextEra Energy during the fourth quarter worth $1,355,000. Czech National Bank increased its stake in shares of NextEra Energy by 4.7% in the 2nd quarter. Czech National Bank now owns 593,568 shares of the utilities provider's stock valued at $52,097,000 after purchasing an additional 26,378 shares during the last quarter. Swedbank AB increased its stake in shares of NextEra Energy by 13.4% in the 4th quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider's stock valued at $81,615,000 after purchasing an additional 120,389 shares during the last quarter. Annex Advisory Services LLC raised its holdings in shares of NextEra Energy by 13.9% during the 2nd quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider's stock worth $62,405,000 after buying an additional 86,585 shares in the last quarter. Finally, MGO One Seven LLC raised its holdings in shares of NextEra Energy by 12.1% during the 4th quarter. MGO One Seven LLC now owns 137,251 shares of the utilities provider's stock worth $11,018,000 after buying an additional 14,828 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wells Fargo & Company set a $102.00 price objective on NextEra Energy and gave the company an "overweight" rating in a research note on Friday, April 24th. Jefferies Financial Group set a $94.00 target price on NextEra Energy in a research note on Tuesday, July 14th. BMO Capital Markets lifted their price target on shares of NextEra Energy from $94.00 to $96.00 and gave the company an "outperform" rating in a report on Monday, July 27th. HSBC upped their price objective on shares of NextEra Energy from $103.00 to $106.00 and gave the stock a "buy" rating in a research report on Tuesday, April 28th. Finally, Erste Group Bank cut shares of NextEra Energy from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. Seventeen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $100.43.

NextEra Energy Stock Performance

NextEra Energy stock opened at $84.97 on Friday. The business has a 50 day moving average of $87.27 and a 200-day moving average of $89.92. The company has a market capitalization of $177.23 billion, a P/E ratio of 19.09, a P/E/G ratio of 2.35 and a beta of 0.67. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The business had revenue of $7.53 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same period last year, the company earned $1.05 EPS. The firm's 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. On average, equities research analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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 dividend yield of 2.9%. The ex-dividend date is Friday, August 28th. NextEra Energy's payout ratio 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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