NextEra Energy, Inc. $NEE Position Lifted by Carnegie Investment Counsel

Key Points

• Carnegie Investment Counsel increased its NextEra Energy stake by 6.2% in the third quarter, bringing its holdings to 431,140 shares valued at approximately $32.7 million. Institutional investors and hedge funds collectively own 78.72% of the company.
• Analysts maintain a generally positive outlook, with NextEra receiving a consensus “Moderate Buy” rating and an average price target of $98.05, compared with its $78.88 opening price.
• NextEra reported quarterly EPS of $1.15, exceeding estimates, while revenue rose 12.4% year over year. The company also pays a quarterly dividend of $0.6232 per share, representing a 3.2% annualized yield.

Carnegie Investment Counsel lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 431,140 shares of the utilities provider's stock after purchasing an additional 25,138 shares during the quarter. Carnegie Investment Counsel's holdings in NextEra Energy were worth $32,655,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sulzberger Capital Advisors Inc. raised its position in NextEra Energy by 1.4% in the third quarter. Sulzberger Capital Advisors Inc. now owns 35,971 shares of the utilities provider's stock valued at $2,724,000 after purchasing an additional 492 shares during the period. Diversify Advisory Services LLC raised its holdings in shares of NextEra Energy by 13.5% during the 3rd quarter. Diversify Advisory Services LLC now owns 108,999 shares of the utilities provider's stock valued at $8,607,000 after buying an additional 12,924 shares during the period. 55 North Private Wealth LLC lifted its position in NextEra Energy by 15.3% during the 3rd quarter. 55 North Private Wealth LLC now owns 3,644 shares of the utilities provider's stock worth $276,000 after acquiring an additional 484 shares in the last quarter. Prentice Wealth Management LLC lifted its position in NextEra Energy by 8.8% during the 3rd quarter. Prentice Wealth Management LLC now owns 13,038 shares of the utilities provider's stock worth $987,000 after acquiring an additional 1,058 shares in the last quarter. Finally, Norway Savings Bank boosted its holdings in NextEra Energy by 7.2% in the 3rd quarter. Norway Savings Bank now owns 26,526 shares of the utilities provider's stock worth $2,009,000 after acquiring an additional 1,782 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NEE has been the subject of several analyst reports. BMO Capital Markets set a $88.00 target price on shares of NextEra Energy and gave the company an "outperform" rating in a research note on Tuesday. Scotiabank dropped their price target on shares of NextEra Energy from $110.00 to $99.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 30th. Wells Fargo & Company upgraded shares of NextEra Energy to a "strong-buy" rating in a report on Monday, October 12th. Piper Sandler set a $88.00 price objective on shares of NextEra Energy in a report on Tuesday. Finally, Wall Street Zen raised shares of NextEra Energy from a "strong sell" rating to a "sell" rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus price target of $98.05.

NextEra Energy Stock Performance

Shares of NEE opened at $78.88 on Wednesday. The business's fifty day moving average price is $80.86 and its 200 day moving average price is $86.38. NextEra Energy, Inc. has a 12-month low of $74.41 and a 12-month high of $98.75. The stock has a market capitalization of $164.54 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 2.41 and a beta of 0.64. 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 issued its earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.04. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%. The company had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. NextEra Energy's quarterly 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. Equities research analysts forecast that NextEra Energy, Inc. will post 4.03 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were given a dividend of $0.6232 per share. The ex-dividend date was Friday, August 28th. This represents a $2.49 annualized dividend and a dividend yield of 3.2%. NextEra Energy's dividend payout ratio is currently 55.96%.

NextEra Energy Profile

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy's principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.

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