iA Global Asset Management Inc. Has $12.76 Million Holdings in NextEra Energy, Inc. $NEE

Key Points

• iA Global Asset Management reduced its NextEra Energy stake by 11.2% in the second quarter, selling 18,353 shares and retaining 145,331 shares valued at approximately $12.76 million. Institutional investors and hedge funds collectively own 78.72% of NEE.
• Analyst sentiment remains broadly positive, with 17 Buy ratings and six Holds giving NextEra Energy a consensus “Moderate Buy” rating and an average price target of $100.43.
• NextEra Energy reported quarterly EPS of $1.15, beating estimates, while revenue rose 12.4% year over year to $7.53 billion. The company also declared a $0.6232 quarterly dividend, equivalent to a 2.9% annualized yield.

iA Global Asset Management Inc. cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 11.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 145,331 shares of the utilities provider's stock after selling 18,353 shares during the period. iA Global Asset Management Inc.'s holdings in NextEra Energy were worth $12,756,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after buying an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after acquiring an additional 298 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of NextEra Energy by 38.4% during the first quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider's stock worth $887,000 after acquiring an additional 3,479 shares during the period. Sivia Capital Partners LLC raised its holdings in shares of NextEra Energy by 18.1% during the second quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider's stock worth $386,000 after acquiring an additional 852 shares during the period. Finally, United Bank lifted its position in NextEra Energy by 2.9% in the 2nd quarter. United Bank now owns 15,596 shares of the utilities provider's stock valued at $1,083,000 after acquiring an additional 444 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NEE shares. Weiss Ratings cut NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, June 11th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $108.00 price objective on shares of NextEra Energy in a research report on Monday, July 27th. Morgan Stanley reiterated an "overweight" rating and set a $116.00 price objective on shares of NextEra Energy in a report on Wednesday, July 22nd. Barclays set a $91.00 target price on NextEra Energy and gave the company an "equal weight" rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen downgraded NextEra Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 1st. Seventeen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, NextEra Energy has an average rating of "Moderate Buy" and a consensus price target of $100.43.

NextEra Energy Stock Performance

Shares of NEE opened at $85.98 on Thursday. The firm has a 50-day moving average of $87.26 and a 200-day moving average of $89.94. The company has a market cap of $179.33 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 2.36 and a beta of 0.67. 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, Inc. has a one year low of $69.24 and a one year high of $98.75.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.04. The firm had revenue of $7.53 billion for 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% compared to the same quarter last year. During the same quarter in the prior 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, equities analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors 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 dividend on an annualized basis and a yield of 2.9%. NextEra Energy's dividend payout ratio is 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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