Healthcare of Ontario Pension Plan Trust Fund Purchases 15,808 Shares of NextEra Energy, Inc. $NEE

Key Points

• Healthcare of Ontario Pension Plan Trust Fund increased its NextEra Energy stake by 1.1% in the fourth quarter, buying 15,808 more shares to bring its holdings to 1,447,329 shares valued at about $116.2 million.
• Wall Street sentiment remains positive, with multiple analysts raising price targets and the stock carrying a consensus rating of “Moderate Buy” and an average target price of $99.20.
• NextEra Energy reported solid earnings and a dividend, topping EPS expectations for the quarter and announcing a quarterly dividend of $0.6232 per share, yielding about 2.9% annually.

Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,447,329 shares of the utilities provider's stock after purchasing an additional 15,808 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.07% of NextEra Energy worth $116,192,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Icon Wealth Advisors LLC grew its stake in shares of NextEra Energy by 3.8% during the 4th quarter. Icon Wealth Advisors LLC now owns 42,026 shares of the utilities provider's stock valued at $3,377,000 after acquiring an additional 1,547 shares during the period. Cornerstone Financial Management LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at approximately $149,000. Destination Wealth Management grew its stake in shares of NextEra Energy by 228.2% during the 4th quarter. Destination Wealth Management now owns 13,461 shares of the utilities provider's stock valued at $1,081,000 after acquiring an additional 9,359 shares during the period. Eventide Asset Management LLC grew its stake in shares of NextEra Energy by 608.3% during the 4th quarter. Eventide Asset Management LLC now owns 100,245 shares of the utilities provider's stock valued at $8,058,000 after acquiring an additional 86,093 shares during the period. Finally, Evelyn Partners Investment Management Europe Ltd grew its stake in shares of NextEra Energy by 34.4% during the 4th quarter. Evelyn Partners Investment Management Europe Ltd now owns 1,464 shares of the utilities provider's stock valued at $118,000 after acquiring an additional 375 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. HSBC boosted their price objective on NextEra Energy from $103.00 to $106.00 and gave the company a "buy" rating in a research note on Tuesday, April 28th. JPMorgan Chase & Co. boosted 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. Barclays set a $90.00 price objective on NextEra Energy and gave the company an "equal weight" rating in a research note on Tuesday, May 26th. Erste Group Bank upgraded NextEra Energy from a "hold" rating to a "buy" rating in a research note on Wednesday, February 18th. Finally, BTIG Research restated a "buy" rating and issued a $112.00 price target on shares of NextEra Energy in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, NextEra Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $99.20.

NextEra Energy Stock Up 1.3%

Shares of NEE opened at $85.92 on Friday. The stock has a market capitalization of $179.18 billion, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 2.52 and a beta of 0.68. NextEra Energy, Inc. has a 1 year low of $67.20 and a 1 year high of $98.75. The business's 50 day simple moving average is $90.94 and its 200-day simple moving average is $88.24. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44.

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, topping the consensus estimate of $1.03 by $0.06. The business had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.43 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The company's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, equities analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be issued a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, June 5th. NextEra Energy's dividend payout ratio is presently 63.36%.

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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