Erste Asset Management GmbH Cuts Stock Holdings in NextEra Energy, Inc. $NEE

Key Points

• Erste Asset Management cut its NextEra Energy stake by 69.5% in the second quarter, selling 354,465 shares and retaining 155,737 shares valued at approximately $13.99 million. Institutional investors collectively own 78.72% of the company.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $99.36, despite Wall Street Zen downgrading the stock to “sell.”
• NextEra reported quarterly EPS of $1.15, beating estimates of $1.11, while revenue rose 12.4% year over year to $7.53 billion. The company also announced a quarterly dividend of $0.6232 per share, representing a 2.9% annualized yield.

Erste Asset Management GmbH lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 69.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,737 shares of the utilities provider's stock after selling 354,465 shares during the quarter. Erste Asset Management GmbH's holdings in NextEra Energy were worth $13,989,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth $25,000. Anfield Capital Management LLC boosted its holdings in NextEra Energy by 692.3% during the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider's stock worth $25,000 after purchasing an additional 270 shares during the last quarter. Wealth Watch Advisors INC boosted its holdings in NextEra Energy by 223.8% during the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider's stock worth $26,000 after purchasing an additional 226 shares during the last quarter. Osbon Capital Management LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $27,000. Finally, Strive Asset Management LLC purchased a new stake in shares of NextEra Energy during the third quarter valued at approximately $29,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Mizuho set a $95.00 price objective on NextEra Energy in a research report on Monday, July 27th. Morgan Stanley reiterated an "overweight" rating and set a $116.00 target price on shares of NextEra Energy in a research note on Wednesday, July 22nd. Jefferies Financial Group set a $94.00 price target on shares of NextEra Energy in a research report on Tuesday, July 14th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $108.00 price objective on shares of NextEra Energy in a research report on Monday, July 27th. Finally, Wall Street Zen cut shares of NextEra Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, NextEra Energy has an average rating of "Moderate Buy" and a consensus target price of $99.36.

NextEra Energy Stock Performance

Shares of NEE stock opened at $86.29 on Wednesday. The firm's 50 day moving average is $87.25 and its 200 day moving average is $89.96. The stock has a market capitalization of $179.98 billion, a P/E ratio of 19.39, a PEG ratio of 2.36 and a beta of 0.67. NextEra Energy, Inc. has a 12 month low of $69.24 and a 12 month high of $98.75. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $8.11 billion. During the same quarter in the previous year, the firm posted $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. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business 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 payout ratio is presently 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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