Employees Retirement System of Texas Has $2.53 Million Holdings in NextEra Energy, Inc. $NEE

Key Points

• Employees Retirement System of Texas cut its NextEra Energy stake by 50.8% in the fourth quarter, selling 32,596 shares and leaving it with 31,510 shares valued at about $2.53 million.
• NextEra Energy reported better-than-expected EPS of $1.09 for the quarter, though revenue of $6.70 billion came in below analyst estimates. The company also raised its FY 2026 guidance to 3.920–4.02 EPS.
• The utility declared a quarterly dividend of $0.6232 per share, equal to an annualized payout of $2.49 and a 2.8% yield; analysts currently rate the stock a Moderate Buy with a consensus price target of $99.20.

Employees Retirement System of Texas cut its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 50.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,510 shares of the utilities provider's stock after selling 32,596 shares during the period. Employees Retirement System of Texas' holdings in NextEra Energy were worth $2,530,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of NEE. Pictet Asset Management Holding SA raised its position in NextEra Energy by 47.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider's stock worth $742,913,000 after purchasing an additional 2,972,924 shares during the last quarter. Danica Pension Livsforsikringsaktieselskab acquired a new stake in shares of NextEra Energy in the 3rd quarter valued at $177,198,000. Vanguard Group Inc. raised its position in shares of NextEra Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider's stock worth $17,343,185,000 after acquiring an additional 2,234,176 shares during the last quarter. Amundi raised its position in shares of NextEra Energy by 16.7% during the third quarter. Amundi now owns 12,461,783 shares of the utilities provider's stock worth $1,012,129,000 after acquiring an additional 1,780,881 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in shares of NextEra Energy during the fourth quarter valued at $105,210,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Down 0.0%

Shares of NextEra Energy stock opened at $87.63 on Thursday. The company has a market capitalization of $182.75 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 2.57 and a beta of 0.73. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44. The business has a 50-day moving average of $92.44 and a two-hundred day moving average of $88.20. NextEra Energy, Inc. has a 1 year low of $66.77 and a 1 year high of $98.75.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.06. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.43 billion. During the same period in the previous year, the firm earned $0.99 EPS. NextEra Energy's quarterly revenue was up 7.3% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, equities analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be given a dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.49 annualized dividend and a dividend yield of 2.8%. NextEra Energy's dividend payout ratio is currently 63.36%.

Analyst Ratings Changes

NEE has been the subject of a number of research reports. Jefferies Financial Group lifted their price objective on NextEra Energy from $92.00 to $93.00 and gave the stock a "hold" rating in a research report on Tuesday, April 21st. HSBC upped their target price on shares of NextEra Energy from $103.00 to $106.00 and gave the company a "buy" rating in a research report on Tuesday, April 28th. Evercore reiterated an "outperform" rating and set a $107.00 price target on shares of NextEra Energy in a research report on Monday, May 4th. Mizuho boosted their price target on shares of NextEra Energy from $90.00 to $95.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 15th. Finally, BMO Capital Markets reduced their price objective on shares of NextEra Energy from $104.00 to $102.00 and set an "outperform" rating on the stock in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, NextEra Energy has an average rating of "Moderate Buy" and a consensus price target of $99.20.

Insider Transactions at NextEra Energy

In related news, EVP Terrell Kirk Crews II sold 19,672 shares of the company's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $90.27, for a total value of $1,775,791.44. Following the completion of the transaction, the executive vice president directly owned 73,857 shares of the company's stock, valued at approximately $6,667,071.39. This represents a 21.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Treasurer James Michael May sold 7,161 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $646,423.47. Following the transaction, the treasurer owned 26,719 shares of the company's stock, valued at approximately $2,411,924.13. This trade represents a 21.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 31,767 shares of company stock valued at $2,881,077 over the last quarter. Corporate insiders own 0.18% of the company's stock.

About NextEra Energy

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.