NextEra Energy, Inc. $NEE Shares Sold by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

Key Points

• Cushing Asset Management cut its NextEra Energy stake by 49.5% in the second quarter, selling 47,000 shares and retaining 48,000 shares worth approximately $4.21 million. Institutional investors collectively own 78.72% of the company.
• Analysts remain broadly positive, with NextEra receiving a “Moderate Buy” consensus rating and an average price target of $99.36, above its reported share price of $86.29.
• NextEra exceeded quarterly EPS expectations with $1.15 per share versus $1.11 forecast, while declaring a quarterly dividend of $0.6232, equivalent to a 2.9% annualized yield.

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lowered its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 49.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,000 shares of the utilities provider's stock after selling 47,000 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's holdings in NextEra Energy were worth $4,213,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Walker Asset Management LLC raised its stake in NextEra Energy by 2.2% during the first quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider's stock worth $465,000 after purchasing an additional 107 shares during the period. PUREfi Wealth LLC lifted its stake in shares of NextEra Energy by 0.9% in the 1st quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider's stock valued at $1,170,000 after purchasing an additional 107 shares in the last quarter. Garrison Point Advisors LLC increased its position in NextEra Energy by 0.4% during the 4th quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider's stock worth $2,269,000 after purchasing an additional 109 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in NextEra Energy by 12.8% during the first quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider's stock valued at $94,000 after buying an additional 111 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID increased its position in shares of NextEra Energy by 23.2% in the first quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider's stock worth $55,000 after acquiring an additional 112 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NEE. DA Davidson increased their target price on NextEra Energy from $95.00 to $105.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Scotiabank lifted their target price on NextEra Energy from $102.00 to $110.00 and gave the stock a "sector perform" rating in a research report on Friday, April 24th. Wells Fargo & Company set a $102.00 target price on NextEra Energy and gave the company an "overweight" rating in a research report on Friday, April 24th. Weiss Ratings downgraded shares of NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, June 11th. Finally, Evercore reiterated an "outperform" rating and issued a $107.00 price target on shares of NextEra Energy in a research note on Monday, May 4th. 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. According to data from MarketBeat, NextEra Energy has an average rating of "Moderate Buy" and an average price target of $99.36.

NextEra Energy Stock Up 0.1%

Shares of NextEra Energy stock opened at $86.29 on Wednesday. The company has a market capitalization of $179.98 billion, a P/E ratio of 19.39, a PEG 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 1-year low of $69.24 and a 1-year high of $98.75. The business's fifty day moving average price is $87.25 and its two-hundred day moving average price is $89.96.

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

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be given a $0.6232 dividend. The ex-dividend date is Friday, August 28th. This represents a $2.49 annualized dividend and a yield of 2.9%. NextEra Energy's payout ratio is 55.96%.

NextEra Energy 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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