NextEra Energy, Inc. $NEE Shares Sold by Fulton Breakefield Broenniman LLC

Key Points

• Fulton Breakefield Broenniman LLC cut its NextEra Energy stake by 28.7% in the second quarter, selling 64,934 shares and retaining 161,033 shares worth approximately $14.1 million. Institutional investors collectively own 78.72% of NEE.
• NextEra Energy reported quarterly EPS of $1.15, beating estimates of $1.11, while revenue rose 12.4% year over year to $7.53 billion but fell short of the $8.11 billion consensus estimate.
• The company declared a quarterly dividend of $0.6232, equivalent to an annualized $2.49 payout and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $100.33.

Fulton Breakefield Broenniman LLC lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 28.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,033 shares of the utilities provider's stock after selling 64,934 shares during the period. NextEra Energy accounts for approximately 0.8% of Fulton Breakefield Broenniman LLC's investment portfolio, making the stock its 29th biggest position. Fulton Breakefield Broenniman LLC's holdings in NextEra Energy were worth $14,134,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $25,000. Anfield Capital Management LLC increased its holdings in shares of NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 270 shares during the last quarter. Wealth Watch Advisors INC increased its holdings in shares of NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 226 shares during the last quarter. Osbon Capital Management LLC purchased a new position in NextEra Energy during the fourth quarter worth approximately $27,000. Finally, Strive Asset Management LLC purchased a new position in NextEra Energy during the third quarter worth approximately $29,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Up 0.1%

NEE stock opened at $83.71 on Monday. NextEra Energy, Inc. has a one year low of $69.24 and a one year high of $98.75. The firm has a market cap of $174.60 billion, a PE ratio of 18.81, a PEG ratio of 2.29 and a beta of 0.67. The firm's 50 day moving average price is $87.22 and its 200-day moving average price is $89.90. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.04. The company had revenue of $7.53 billion during 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 firm's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy's dividend payout ratio is 55.96%.

Analyst Ratings Changes

NEE has been the subject of several analyst reports. Jefferies Financial Group set a $94.00 target price on NextEra Energy in a report on Tuesday, July 14th. Erste Group Bank lowered NextEra Energy from a "buy" rating to a "hold" rating in a report on Thursday, June 25th. BMO Capital Markets lifted their price target on NextEra Energy from $94.00 to $96.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. DA Davidson boosted their price target on shares of NextEra Energy from $95.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings lowered shares of NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, June 11th. Seventeen analysts have rated the stock with 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 an average price target of $100.33.

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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