HUB Investment Partners LLC Sells 82,866 Shares of NextEra Energy, Inc. $NEE

Key Points

• HUB Investment Partners cut its NextEra Energy position by 49.9% in the second quarter, selling 82,866 shares and retaining 83,112 shares valued at approximately $7.3 million. Institutional investors collectively own 78.72% of the company.
• NextEra Energy reported quarterly earnings of $1.15 per share, exceeding estimates of $1.11, while revenue reached $7.53 billion, up 12.4% year over year but below expectations.
• The company declared a quarterly dividend of $0.6232 per share, equivalent to an annualized $2.49 payout and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $100.33.

HUB Investment Partners LLC decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 49.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 83,112 shares of the utilities provider's stock after selling 82,866 shares during the period. HUB Investment Partners LLC's holdings in NextEra Energy were worth $7,295,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NEE. Laurel Wealth Advisors LLC bought a new stake in NextEra Energy in the fourth quarter worth $25,000. Anfield Capital Management LLC increased its holdings in shares of NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider's stock worth $25,000 after purchasing an additional 270 shares in the last quarter. Wealth Watch Advisors INC raised its stake in shares of NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider's stock worth $26,000 after purchasing an additional 226 shares during the last quarter. Osbon Capital Management LLC purchased a new position in shares of NextEra Energy in the fourth quarter worth $27,000. Finally, Strive Asset Management LLC bought a new position in shares of NextEra Energy during the third quarter valued at $29,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

NEE stock opened at $83.71 on Friday. The firm has a market capitalization of $174.60 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 2.33 and a beta of 0.67. NextEra Energy, Inc. has a 52 week low of $69.24 and a 52 week high of $98.75. 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 company has a fifty day simple moving average of $87.22 and a two-hundred day simple moving average of $89.88.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.04. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The business had revenue of $7.53 billion for the quarter, compared to analysts' expectations of $8.11 billion. During the same quarter in the previous year, the business posted $1.05 earnings per share. The business'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. Analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be given a dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. NextEra Energy's dividend payout ratio (DPR) is 55.96%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NEE shares. Wall Street Zen cut NextEra Energy from a "sell" rating to a "strong sell" rating in a research report on Saturday. Erste Group Bank cut NextEra Energy from a "buy" rating to a "hold" rating in a report on Thursday, June 25th. HSBC raised their price objective on shares of NextEra Energy from $103.00 to $106.00 and gave the stock a "buy" rating in a report on Tuesday, April 28th. Jefferies Financial Group set a $94.00 price target on NextEra Energy in a report on Tuesday, July 14th. Finally, TD Cowen increased their price objective on shares of NextEra Energy from $99.00 to $101.00 and gave the stock a "buy" rating in a research note on Monday, April 27th. Seventeen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, NextEra Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.33.

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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