Core Wealth Management Inc. Sells 14,762 Shares of NextEra Energy, Inc. $NEE

Key Points

• Core Wealth Management reduced its NextEra Energy position by 45.7%, selling 14,762 shares and retaining 17,514 shares worth approximately $1.33 million. Institutional investors collectively own 78.72% of NEE.
• NextEra Energy reported quarterly earnings of $1.24 per share, beating the $1.20 consensus estimate, although revenue of $8.09 billion fell short of expectations. The company also declared a quarterly dividend of $0.6232, equivalent to an annualized yield of about 3%.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $97.71 target price, compared with the stock’s reported opening price of $82.15.

Core Wealth Management Inc. decreased its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 45.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,514 shares of the utilities provider's stock after selling 14,762 shares during the period. NextEra Energy comprises approximately 0.4% of Core Wealth Management Inc.'s holdings, making the stock its 12th largest holding. Core Wealth Management Inc.'s holdings in NextEra Energy were worth $1,327,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of NEE. Legal & General Group Plc bought a new stake in shares of NextEra Energy during the second quarter valued at approximately $1,465,987,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of NextEra Energy by 5.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,302,084 shares of the utilities provider's stock valued at $1,430,834,000 after purchasing an additional 895,824 shares in the last quarter. Amundi raised its stake in shares of NextEra Energy by 46.5% in the second quarter. Amundi now owns 13,329,077 shares of the utilities provider's stock valued at $1,169,839,000 after purchasing an additional 4,231,814 shares in the last quarter. Bessemer Group Inc. lifted its position in NextEra Energy by 8.5% in the first quarter. Bessemer Group Inc. now owns 10,187,013 shares of the utilities provider's stock worth $946,169,000 after purchasing an additional 799,546 shares during the period. Finally, Pictet Asset Management Holding SA lifted its position in NextEra Energy by 4.3% in the first quarter. Pictet Asset Management Holding SA now owns 9,648,920 shares of the utilities provider's stock worth $896,185,000 after purchasing an additional 394,898 shares during the period. Institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NEE shares. Morgan Stanley set a $110.00 price target on shares of NextEra Energy and gave the stock an "overweight" rating in a research note on Wednesday, October 14th. Jefferies Financial Group restated a "hold" rating on shares of NextEra Energy in a research note on Thursday, October 8th. HSBC set a $103.00 price objective on shares of NextEra Energy in a report on Thursday. BMO Capital Markets set a $88.00 target price on shares of NextEra Energy and gave the company an "outperform" rating in a research report on Tuesday. Finally, Wells Fargo & Company raised shares of NextEra Energy to a "strong-buy" rating in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, NextEra Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $97.71.

NextEra Energy Price Performance

NextEra Energy stock opened at $82.15 on Friday. The business has a 50 day simple moving average of $80.55 and a 200 day simple moving average of $86.17. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.53 and a quick ratio of 0.44. The company has a market capitalization of $172.29 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 2.54 and a beta of 0.64. NextEra Energy, Inc. has a one year low of $74.41 and a one year high of $98.75.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.04. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. The firm had revenue of $8.09 billion for the quarter, compared to analysts' expectations of $8.47 billion. During the same period in the prior year, the business posted $1.13 earnings per share. The business's revenue was up 1.6% compared to the same quarter last year. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 4.00 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 27th will be paid a $0.6232 dividend. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, November 27th. NextEra Energy's payout ratio is currently 55.96%.

Key NextEra Energy News

Here are the key news stories impacting NextEra Energy this week:

• Positive Sentiment: Earnings beat and guidance reaffirmed: NextEra reported third-quarter earnings of $1.24 per share, above the $1.20 consensus estimate, on revenue of $8.09 billion. Management is targeting the high end of its 2026 earnings guidance and reaffirmed its long-term earnings and dividend-growth targets. Bull case following earnings beat
• Positive Sentiment: Renewables pipeline remains a growth driver: NextEra Energy Resources added 3.7 gigawatts to its renewables backlog, while the company secured $5.7 billion to support federal energy-hub projects. Strong demand from data centers and continued storage and renewable development support the long-term outlook. Federal energy hub funding
• Positive Sentiment: Analyst support and dividend maintained: Scotiabank initiated or reiterated a Buy rating, while Sanford C. Bernstein reaffirmed an Outperform rating. The board also declared a $0.6232 quarterly dividend, equal to approximately $2.49 annually and a 3.1% yield. Scotiabank Buy rating
• Neutral Sentiment: Dominion merger remains on track but carries risk: NextEra expects to close its Dominion Energy merger in the second half of 2027. However, regulatory approval, political opposition in Virginia and execution complexity could create uncertainty before completion. NextEra and Dominion merger risks
• Negative Sentiment: Rate sensitivity and valuation concerns remain: Investors continue to question whether NEE’s recent multiyear gains and current dividend yield justify a premium valuation, particularly while higher interest rates pressure utilities. Barclays cut its price target from $84 to $79 and kept an Equal Weight rating; HSBC also reduced its target, from $114 to $103. Barclays rating and price target

About NextEra Energy

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy's principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.

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