Principal Financial Group Inc. decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,845,206 shares of the utilities provider's stock after selling 264,872 shares during the quarter. Principal Financial Group Inc. owned about 0.23% of NextEra Energy worth $388,973,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of NEE. Brighton Jones LLC increased its stake in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after acquiring an additional 298 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of NextEra Energy by 38.4% in the first quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider's stock worth $887,000 after acquiring an additional 3,479 shares during the period. Sivia Capital Partners LLC increased its stake in shares of NextEra Energy by 18.1% in the second quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider's stock worth $386,000 after acquiring an additional 852 shares during the period. Finally, United Bank increased its stake in shares of NextEra Energy by 2.9% in the second quarter. United Bank now owns 15,596 shares of the utilities provider's stock worth $1,083,000 after acquiring an additional 444 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.
NextEra Energy Stock Performance
Shares of NYSE NEE opened at $95.53 on Tuesday. The company's fifty day moving average price is $92.72 and its 200 day moving average price is $87.19. NextEra Energy, Inc. has a 1 year low of $63.88 and a 1 year high of $98.75. The company has a market capitalization of $199.20 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 2.85 and a beta of 0.73. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54.
NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.06. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same period in the prior year, the firm posted $0.99 earnings per share. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, research analysts predict that NextEra Energy, Inc. will post 4 earnings per share for the current year.
NextEra Energy Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were issued a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a yield of 2.6%. This is a boost from NextEra Energy's previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, February 27th. NextEra Energy's payout ratio is currently 63.36%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on NEE. BMO Capital Markets reiterated an "outperform" rating and issued a $104.00 price objective (up from $99.00) on shares of NextEra Energy in a research note on Monday, April 27th. Erste Group Bank upgraded shares of NextEra Energy from a "hold" rating to a "buy" rating in a research note on Wednesday, February 18th. Wells Fargo & Company set a $102.00 price objective on shares of NextEra Energy and gave the stock an "overweight" rating in a research note on Friday, April 24th. Argus set a $92.00 price objective on shares of NextEra Energy and gave the stock a "buy" rating in a research note on Wednesday, January 28th. Finally, Barclays increased their price objective on shares of NextEra Energy from $85.00 to $89.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and an average target price of $98.37.
Read Our Latest Stock Analysis on NextEra Energy
Insider Activity
In related news, CEO John W. Ketchum sold 99,603 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the sale, the chief executive officer directly owned 305,933 shares of the company's stock, valued at approximately $27,332,054.22. This represents a 24.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Treasurer James Michael May sold 7,161 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction of $646,423.47. Following the sale, the treasurer directly owned 26,719 shares in the company, valued at $2,411,924.13. This trade represents a 21.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 179,990 shares of company stock valued at $16,155,409 in the last three months. Corporate insiders own 0.18% of the company's stock.
NextEra Energy Company Profile
(
Free Report)
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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