Exchange Traded Concepts LLC Trims Position in NextEra Energy, Inc. $NEE

Key Points

• Exchange Traded Concepts LLC cut its NextEra Energy stake by 72.9% in the second quarter, selling 131,138 shares and retaining 48,866 shares valued at approximately $4.29 million. Institutional investors collectively own 78.72% of the company.
• NextEra Energy reported quarterly EPS of $1.15, beating estimates of $1.11, while revenue rose 12.4% year over year to $7.53 billion but fell short of the $8.11 billion consensus estimate.
• The company declared a quarterly dividend of $0.6232 per share, equivalent to a 2.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $99.36, compared with the stock’s reported $86.18 price.

Exchange Traded Concepts LLC reduced its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 72.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,866 shares of the utilities provider's stock after selling 131,138 shares during the quarter. Exchange Traded Concepts LLC's holdings in NextEra Energy were worth $4,289,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Walker Asset Management LLC boosted its holdings in NextEra Energy by 2.2% in the first quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider's stock worth $465,000 after purchasing an additional 107 shares during the period. PUREfi Wealth LLC raised its holdings in shares of NextEra Energy by 0.9% during the first quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider's stock worth $1,170,000 after purchasing an additional 107 shares during the period. Garrison Point Advisors LLC lifted its position in shares of NextEra Energy by 0.4% in the 4th quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider's stock worth $2,269,000 after buying an additional 109 shares during the last quarter. Cornerstone Planning Group LLC lifted its position in shares of NextEra Energy by 12.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider's stock worth $94,000 after buying an additional 111 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its holdings in shares of NextEra Energy by 23.2% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider's stock valued at $55,000 after buying an additional 112 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NEE opened at $86.18 on Friday. The company has a market capitalization of $179.75 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 2.35 and a beta of 0.67. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75. The business has a 50 day moving average price of $87.17 and a two-hundred day moving average price of $89.95.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The firm had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period in the previous year, the company earned $1.05 earnings per share. NextEra Energy's revenue 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. Research analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be paid a dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 annualized dividend and a yield of 2.9%. NextEra Energy's dividend payout ratio is currently 55.96%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NEE. Jefferies Financial Group set a $94.00 price objective on shares of NextEra Energy in a research note on Tuesday, July 14th. HSBC lifted their target price on NextEra Energy from $103.00 to $106.00 and gave the company a "buy" rating in a research note on Tuesday, April 28th. Evercore reissued an "outperform" rating and issued a $107.00 price target on shares of NextEra Energy in a report on Monday, May 4th. BMO Capital Markets boosted their price objective on NextEra Energy from $94.00 to $96.00 and gave the company an "outperform" rating in a research report on Monday, July 27th. Finally, Wall Street Zen downgraded NextEra Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, NextEra Energy currently has an average rating of "Moderate Buy" and a consensus price target of $99.36.

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.

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