First National Trust Co Sells 21,334 Shares of NextEra Energy, Inc. $NEE

Key Points

• First National Trust Co. reduced its NextEra Energy position by 9.9%, selling 21,334 shares and retaining 193,685 shares valued at approximately $17 million. Institutional investors and hedge funds collectively own 78.72% of the company.
• Analysts maintain a generally positive outlook, with 17 Buy ratings and six Hold ratings. NextEra has a “Moderate Buy” consensus rating and an average price target of $100.43.
• 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 declared a quarterly dividend of $0.6232 per share, representing a 2.9% annualized yield.

First National Trust Co lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 9.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 193,685 shares of the utilities provider's stock after selling 21,334 shares during the period. First National Trust Co's holdings in NextEra Energy were worth $17,000,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new position in NextEra Energy during the fourth quarter valued at approximately $25,000. Anfield Capital Management LLC lifted its stake 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 shares of NextEra Energy by 223.8% in the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 226 shares in the last quarter. Osbon Capital Management LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at $27,000. Finally, Strive Asset Management LLC bought a new position in shares of NextEra Energy in the 3rd quarter valued at $29,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Barclays set a $91.00 price target on NextEra Energy and gave the stock an "equal weight" rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Wednesday, May 13th. Bank of America decreased their target price 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. Morgan Stanley reissued an "overweight" rating and set a $116.00 target price on shares of NextEra Energy in a research note on Wednesday, July 22nd. Finally, Weiss Ratings cut shares of NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, June 11th. Seventeen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $100.43.

NextEra Energy Trading Down 1.1%

Shares of NEE stock opened at $84.97 on Friday. NextEra Energy, Inc. has a twelve month low of $69.24 and a twelve month high of $98.75. The stock's fifty day simple moving average is $87.27 and its 200 day simple moving average is $89.92. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $177.23 billion, a P/E ratio of 19.09, a P/E/G ratio of 2.35 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its 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. The firm had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The business's quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the company earned $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, sell-side 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 given a dividend of $0.6232 per share. The ex-dividend date is Friday, August 28th. This represents a $2.49 annualized dividend and a yield of 2.9%. NextEra Energy's dividend payout ratio (DPR) is currently 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.

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