D.A. Davidson & CO. Buys 14,377 Shares of NextEra Energy, Inc. $NEE

Key Points

• D.A. Davidson increased its NextEra Energy stake by 1.4%, buying 14,377 shares to bring its holdings to 1.05 million shares valued at approximately $91.8 million. Institutional investors collectively own 78.72% of the company.
• Analyst sentiment remains positive overall, with an average rating of “Moderate Buy” and an average price target of $99.36, despite one downgrade to “sell” and several target-price reductions.
• NextEra reported quarterly EPS of $1.15, beating estimates by $0.04, while revenue rose 12.4% year over year to $7.53 billion. The company also declared a quarterly dividend of $0.6232 per share, yielding about 2.9% annually.

D.A. Davidson & CO. raised its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,045,908 shares of the utilities provider's stock after acquiring an additional 14,377 shares during the period. D.A. Davidson & CO. owned approximately 0.05% of NextEra Energy worth $91,799,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Indivisible Partners purchased a new position in NextEra Energy in the fourth quarter worth about $1,355,000. Czech National Bank grew its holdings in shares of NextEra Energy by 4.7% during the second quarter. Czech National Bank now owns 593,568 shares of the utilities provider's stock valued at $52,097,000 after buying an additional 26,378 shares during the last quarter. Swedbank AB grew its holdings in shares of NextEra Energy by 13.4% during the fourth quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider's stock valued at $81,615,000 after buying an additional 120,389 shares during the last quarter. Annex Advisory Services LLC increased its position in shares of NextEra Energy by 13.9% during the second quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider's stock valued at $62,405,000 after acquiring an additional 86,585 shares in the last quarter. Finally, MGO One Seven LLC increased its position in shares of NextEra Energy by 12.1% during the fourth quarter. MGO One Seven LLC now owns 137,251 shares of the utilities provider's stock valued at $11,018,000 after acquiring an additional 14,828 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on NEE. Wall Street Zen cut NextEra Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 1st. Sanford C. Bernstein reissued an "outperform" rating and issued a $108.00 target price on shares of NextEra Energy in a report on Monday, July 27th. Wells Fargo & Company set a $102.00 price target on NextEra Energy and gave the stock an "overweight" rating in a research note on Friday, April 24th. Bank of America dropped their price objective on NextEra Energy from $95.00 to $93.00 and set a "neutral" rating on the stock in a research report on Monday, July 13th. Finally, Jefferies Financial Group set a $94.00 price objective on NextEra Energy in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy currently has an average rating of "Moderate Buy" and an average target price of $99.36.

NextEra Energy Trading Down 0.0%

Shares of NYSE:NEE opened at $86.18 on Monday. The stock's 50-day simple moving average is $87.17 and its two-hundred day simple moving average is $89.98. The stock has a market capitalization of $179.75 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 2.36 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 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 (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, beating 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 firm had revenue of $7.53 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The business's revenue for the quarter 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. Analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

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

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE - Free Report).

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