Heritage Investors Management Corp Decreases Stake in NextEra Energy, Inc. $NEE

Key Points

• Heritage Investors Management Corp. reduced its NextEra Energy stake by 11.8% in the second quarter, selling 20,013 shares and retaining 149,140 shares valued at approximately $13.1 million. Institutional investors collectively own 78.72% of NEE’s stock.
• Analysts maintain a generally positive outlook, with 17 Buy ratings and six Hold ratings producing a “Moderate Buy” consensus and an average price target of $100.33.
• NextEra Energy exceeded quarterly earnings expectations with EPS of $1.15 versus the $1.11 estimate, while revenue rose 12.4% year over year to $7.53 billion. The company also announced a quarterly dividend of $0.6232 per share, equivalent to a 3.0% annualized yield.

Heritage Investors Management Corp lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 11.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 149,140 shares of the utilities provider's stock after selling 20,013 shares during the quarter. Heritage Investors Management Corp's holdings in NextEra Energy were worth $13,090,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NEE. Laurel Wealth Advisors LLC purchased a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $25,000. Anfield Capital Management LLC boosted its position in NextEra Energy by 692.3% in 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 grew its stake in 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 during the period. Osbon Capital Management LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at $27,000. Finally, Strive Asset Management LLC bought a new stake in shares of NextEra Energy during the 3rd quarter worth $29,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Bank of America reduced their price target on shares of NextEra Energy from $95.00 to $93.00 and set a "neutral" rating for the company in a research report on Monday, July 13th. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Wednesday, May 13th. Morgan Stanley set a $114.00 price objective on NextEra Energy and gave the company an "overweight" rating in a report on Friday. Barclays set a $91.00 target price on NextEra Energy and gave the company an "equal weight" rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings downgraded NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, June 11th. Seventeen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy currently has an average rating of "Moderate Buy" and an average price target of $100.33.

NextEra Energy Trading Up 0.1%

Shares of NEE stock opened at $83.71 on Monday. The stock has a market capitalization of $174.60 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 2.29 and a beta of 0.67. The company's fifty day simple moving average is $87.22 and its two-hundred day simple moving average is $89.90. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75. 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 (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 firm had revenue of $7.53 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The business's revenue for the quarter 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, 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 paid a $0.6232 dividend. The ex-dividend date is Friday, August 28th. This represents a $2.49 annualized dividend and a yield of 3.0%. NextEra Energy's dividend payout ratio (DPR) is currently 55.96%.

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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