Diversify Advisory Services LLC Makes New Investment in NextEra Energy, Inc. $NEE

Key Points

• Diversify Advisory Services LLC acquired 96,075 NextEra Energy shares during the second quarter, valued at approximately $8.5 million. Institutional investors collectively own 78.72% of the company’s stock.
• Analysts maintain a generally positive view, with 17 Buy ratings and six Holds. NextEra has a consensus “Moderate Buy” rating and an average price target of $100.33.
• NextEra exceeded quarterly earnings expectations, reporting $1.15 in EPS versus the $1.11 consensus estimate, while revenue rose 12.4% year over year. The company also declared a quarterly dividend of $0.6232 per share, representing an annualized yield of about 3.0%.

Diversify Advisory Services LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 96,075 shares of the utilities provider's stock, valued at approximately $8,534,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new stake in NextEra Energy in the 4th quarter worth about $25,000. Anfield Capital Management LLC increased its stake 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 last quarter. Wealth Watch Advisors INC boosted its position in shares of NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider's stock worth $26,000 after acquiring an additional 226 shares during the last quarter. Osbon Capital Management LLC acquired a new stake in shares of NextEra Energy in the fourth quarter worth approximately $27,000. Finally, Strive Asset Management LLC purchased a new stake in NextEra Energy in the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

Wall Street Analyst Weigh In

NEE has been the subject of several research analyst reports. 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. Jefferies Financial Group set a $94.00 price target on shares of NextEra Energy in a report on Tuesday, July 14th. Sanford C. Bernstein reissued an "outperform" rating and set a $108.00 price objective on shares of NextEra Energy in a research note on Monday, July 27th. Barclays set a $91.00 price objective on NextEra Energy and gave the stock an "equal weight" rating in a report on Tuesday, July 7th. Finally, BMO Capital Markets lifted their target price on NextEra Energy from $94.00 to $96.00 and gave the company an "outperform" rating in a report on Monday, July 27th. Seventeen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $100.33.

NextEra Energy Price Performance

NextEra Energy stock opened at $83.51 on Friday. NextEra Energy, Inc. has a 52-week low of $69.24 and a 52-week high of $98.75. The firm has a fifty day moving average of $87.05 and a 200-day moving average of $89.75. The firm has a market capitalization of $174.18 billion, a P/E ratio of 18.77, a PEG ratio of 2.30 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 (NYSE:NEE - Get Free Report) last posted its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share 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 business had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the previous year, the business posted $1.05 EPS. The business's quarterly revenue was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be given a $0.6232 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. NextEra Energy's dividend payout ratio is presently 55.96%.

NextEra Energy 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