NextEra Energy, Inc. $NEE Shares Sold by Wealthfront Advisers LLC

Key Points

• Wealthfront Advisers reduced its NextEra Energy stake by 8.4% in the second quarter, selling 20,287 shares and retaining 220,001 shares valued at approximately $19.3 million. Institutional investors collectively own 78.72% of the company.
• NextEra Energy reported quarterly EPS of $1.15, exceeding estimates of $1.11, while revenue rose 12.4% year over year to $7.53 billion but fell short of expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $100.33.
• The company declared a quarterly dividend of $0.6232 per share, equivalent to an annualized $2.49 payout and a 3.0% yield, payable September 15 to shareholders of record as of August 28.

Wealthfront Advisers LLC cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 8.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 220,001 shares of the utilities provider's stock after selling 20,287 shares during the period. Wealthfront Advisers LLC's holdings in NextEra Energy were worth $19,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Anfield Capital Management LLC lifted its holdings in shares of NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider's stock valued at $25,000 after buying an additional 270 shares during the period. Laurel Wealth Advisors LLC acquired a new stake in NextEra Energy during the fourth quarter worth about $25,000. Financial Life Planners acquired a new stake in NextEra Energy during the first quarter worth about $30,000. Wealth Watch Advisors INC raised its position in NextEra Energy by 223.8% during the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 226 shares in the last quarter. Finally, Manning & Napier Advisors LLC raised its position in NextEra Energy by 104.9% during the first quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 172 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NEE opened at $83.51 on Friday. The firm's fifty day simple moving average is $87.05 and its two-hundred day simple moving average is $89.75. NextEra Energy, Inc. has a 52-week low of $69.24 and a 52-week high of $98.75. The company has a market cap of $174.18 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 2.30 and a beta of 0.67. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $7.53 billion during 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%. The company's revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be given a $0.6232 dividend. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, August 28th. NextEra Energy's dividend payout ratio (DPR) is 55.96%.

Analyst Ratings Changes

Several equities research analysts have commented on NEE shares. Weiss Ratings lowered NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, June 11th. Bank of America decreased their target price on shares of NextEra Energy from $95.00 to $93.00 and set a "neutral" rating for the company in a research note on Monday, July 13th. Wall Street Zen lowered shares of NextEra Energy from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 22nd. DA Davidson lifted their price objective on shares of NextEra Energy from $95.00 to $105.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. Finally, Barclays set a $91.00 price objective on shares of NextEra Energy and gave the stock an "equal weight" rating in a research report on Tuesday, July 7th. Seventeen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $100.33.

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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