NextEra Energy, Inc. $NEE Shares Bought by National Pension Service

Key Points

• National Pension Service increased its NextEra Energy stake by 0.8% in the fourth quarter, adding 36,662 shares and bringing its total holding to 4.88 million shares valued at about $391.9 million.
• Analysts remain broadly positive on NextEra Energy, with a consensus rating of Moderate Buy and a consensus price target of $99.20. Recent reports included higher price targets from HSBC and TD Cowen.
• NextEra Energy reported quarterly EPS of $1.09, beating estimates, and announced a quarterly dividend of $0.6232 per share, implying a 2.9% yield.

National Pension Service grew its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,882,109 shares of the utilities provider's stock after purchasing an additional 36,662 shares during the quarter. National Pension Service owned 0.23% of NextEra Energy worth $391,936,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Wedbush Securities Inc. grew its holdings in shares of NextEra Energy by 24.8% in the 3rd quarter. Wedbush Securities Inc. now owns 64,158 shares of the utilities provider's stock worth $4,843,000 after acquiring an additional 12,738 shares during the last quarter. Varma Mutual Pension Insurance Co raised its position in shares of NextEra Energy by 5.0% during the third quarter. Varma Mutual Pension Insurance Co now owns 326,193 shares of the utilities provider's stock worth $24,624,000 after purchasing an additional 15,600 shares during the period. Indivisible Partners acquired a new stake in shares of NextEra Energy during the fourth quarter worth $1,355,000. Jones Financial Companies Lllp raised its position in shares of NextEra Energy by 7.3% during the third quarter. Jones Financial Companies Lllp now owns 849,352 shares of the utilities provider's stock worth $64,373,000 after purchasing an additional 57,711 shares during the period. Finally, Oppenheimer & Co. Inc. raised its position in shares of NextEra Energy by 43.2% during the third quarter. Oppenheimer & Co. Inc. now owns 333,278 shares of the utilities provider's stock worth $25,159,000 after purchasing an additional 100,467 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. HSBC boosted their price objective on NextEra Energy from $103.00 to $106.00 and gave the stock a "buy" rating in a report on Tuesday, April 28th. Barclays set a $90.00 price objective on NextEra Energy and gave the stock an "equal weight" rating in a report on Tuesday. TD Cowen boosted their price objective on NextEra Energy from $99.00 to $101.00 and gave the stock a "buy" rating in a report on Monday, April 27th. BTIG Research restated a "buy" rating and set a $112.00 price objective on shares of NextEra Energy in a report on Friday, April 24th. Finally, Jefferies Financial Group boosted their price objective on NextEra Energy from $92.00 to $93.00 and gave the stock a "hold" rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $99.20.

Insider Transactions at NextEra Energy

In other news, Treasurer James Michael May sold 7,161 shares of the firm's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $646,423.47. Following the completion of the sale, the treasurer owned 26,719 shares of the company's stock, valued at $2,411,924.13. This trade represents a 21.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the firm's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $1,775,791.44. Following the completion of the sale, the executive vice president directly owned 73,857 shares of the company's stock, valued at approximately $6,667,071.39. This trade represents a 21.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 31,767 shares of company stock valued at $2,881,077 over the last quarter. Company insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $87.25 on Friday. The stock has a market cap of $181.94 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 2.57 and a beta of 0.73. The business has a fifty day simple moving average of $92.33 and a 200-day simple moving average of $88.23. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41. NextEra Energy, Inc. has a 12 month low of $66.77 and a 12 month high of $98.75.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.03 by $0.06. The business had revenue of $6.70 billion during 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%.NextEra Energy's revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be given a $0.6232 dividend. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, June 5th. NextEra Energy's dividend payout ratio (DPR) is 63.36%.

NextEra Energy Company Profile

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.

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.