Florida Trust Wealth Management Co Has $24.30 Million Stake in NextEra Energy, Inc. $NEE

Key Points

• Florida Trust Wealth Management increased its NextEra Energy stake by 5% in the second quarter, ending with 276,800 shares valued at approximately $24.3 million. Institutional investors and hedge funds collectively own 78.72% of the company.
• NextEra reported quarterly earnings of $1.15 per share, beating analyst expectations of $1.11, while revenue rose 12.4% year over year to $7.53 billion but fell short of estimates.
• 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.

Florida Trust Wealth Management Co boosted its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,800 shares of the utilities provider's stock after purchasing an additional 13,178 shares during the period. Florida Trust Wealth Management Co's holdings in NextEra Energy were worth $24,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC lifted its position in NextEra Energy by 24.0% during the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 26,858 shares of the utilities provider's stock worth $2,360,000 after buying an additional 5,191 shares in the last quarter. Parkwoods Wealth Partners LLC boosted its stake in shares of NextEra Energy by 38.5% during the 2nd quarter. Parkwoods Wealth Partners LLC now owns 5,100 shares of the utilities provider's stock worth $448,000 after buying an additional 1,417 shares during the last quarter. Nixon Peabody Trust Co. grew its holdings in shares of NextEra Energy by 0.9% in the 2nd quarter. Nixon Peabody Trust Co. now owns 113,754 shares of the utilities provider's stock valued at $9,984,000 after acquiring an additional 1,043 shares in the last quarter. Krilogy Financial LLC increased its position in shares of NextEra Energy by 4.6% in the second quarter. Krilogy Financial LLC now owns 24,664 shares of the utilities provider's stock valued at $2,165,000 after acquiring an additional 1,087 shares during the last quarter. Finally, Pittenger & Anderson Inc. increased its position in shares of NextEra Energy by 45.2% in the second quarter. Pittenger & Anderson Inc. now owns 32,995 shares of the utilities provider's stock valued at $2,896,000 after acquiring an additional 10,270 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.1%

Shares of NEE stock opened at $86.27 on Tuesday. NextEra Energy, Inc. has a 52-week low of $69.24 and a 52-week high of $98.75. The stock has a market cap of $179.94 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.36 and a beta of 0.67. The firm's 50-day moving average is $87.21 and its 200-day moving average is $89.97. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. The business had revenue of $7.53 billion during the quarter, compared to analysts' expectations of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.NextEra Energy's quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the company posted $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Sell-side analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

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

Analyst Upgrades and Downgrades

NEE has been the topic of several analyst reports. HC Wainwright reiterated a "buy" rating on shares of NextEra Energy in a report on Monday, July 27th. Erste Group Bank downgraded NextEra Energy from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. Morgan Stanley reaffirmed an "overweight" rating and set a $116.00 price target on shares of NextEra Energy in a research report on Wednesday, July 22nd. Scotiabank upped their price objective on NextEra Energy from $102.00 to $110.00 and gave the stock a "sector perform" rating in a research note on Friday, April 24th. Finally, BMO Capital Markets increased their price objective on NextEra Energy from $94.00 to $96.00 and gave the company an "outperform" rating in a report on Monday, July 27th. One equities research 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.com, the company currently has an average rating of "Moderate Buy" and an average target price of $99.36.

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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