NextEra Energy, Inc. $NEE Shares Sold by Constitution Capital LLC

Key Points

• Constitution Capital LLC cut its NextEra Energy stake by 25.6% in the second quarter, selling 29,599 shares and retaining 85,959 shares valued at approximately $7.5 million. Institutional investors and hedge funds collectively own 78.72% of NEE.
• NextEra Energy reported quarterly EPS of $1.15, exceeding analysts’ $1.11 estimate, while revenue rose 12.4% year over year to $7.53 billion but fell short of expectations.
• The company declared a quarterly dividend of $0.6232, equivalent to an annualized $2.49 and a 3.0% yield. Analysts maintain a consensus “Moderate Buy” rating with a $99.36 price target, compared with a recent share price of $84.46.

Constitution Capital LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 25.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 85,959 shares of the utilities provider's stock after selling 29,599 shares during the quarter. NextEra Energy accounts for approximately 3.9% of Constitution Capital LLC's holdings, making the stock its 10th largest holding. Constitution Capital LLC's holdings in NextEra Energy were worth $7,545,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Laurel Wealth Advisors LLC acquired a new stake in NextEra Energy in the fourth quarter valued at approximately $25,000. Anfield Capital Management LLC lifted its position in shares of NextEra Energy by 692.3% during 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 in the last quarter. Wealth Watch Advisors INC lifted its position in shares of NextEra Energy by 223.8% during 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 in the last quarter. Osbon Capital Management LLC purchased a new position in shares of NextEra Energy in the fourth quarter valued at $27,000. Finally, Strive Asset Management LLC purchased a new position in shares of NextEra Energy in the third quarter valued at $29,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Down 0.2%

NEE stock opened at $84.46 on Tuesday. NextEra Energy, Inc. has a twelve month low of $69.24 and a twelve month high of $98.75. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $176.17 billion, a P/E ratio of 18.98, a PEG ratio of 2.32 and a beta of 0.67. The firm has a 50 day simple moving average of $87.14 and a 200-day simple moving average of $89.95.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. The business had revenue of $7.53 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The business's revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

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 paid a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, August 28th. NextEra Energy's dividend payout ratio is 55.96%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NEE shares. BTIG Research reaffirmed a "buy" rating and set a $112.00 price target on shares of NextEra Energy in a research note on Friday, April 24th. Wall Street Zen cut shares of NextEra Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 1st. Wells Fargo & Company set a $102.00 target price on NextEra Energy and gave the company an "overweight" rating in a research note on Friday, April 24th. Jefferies Financial Group set a $94.00 target price on NextEra Energy in a research note on Tuesday, July 14th. Finally, Erste Group Bank lowered NextEra Energy from a "buy" rating to a "hold" rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and a consensus price target of $99.36.

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.

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