NextEra Energy, Inc. $NEE Stock Position Increased by Geode Capital Management LLC

Key Points

• Geode Capital Management increased its NextEra Energy stake by 2.1% in the fourth quarter, adding 966,152 shares to bring its total to 47.27 million shares worth about $3.78 billion.
• NextEra Energy reported quarterly EPS of $1.09, topping estimates, though revenue of $6.70 billion came in below consensus. The company also raised its FY 2026 EPS guidance to 3.92–4.02.
• The company declared a quarterly dividend of $0.6232 per share, or $2.49 annualized, for a 2.8% yield. Meanwhile, analysts maintain a Moderate Buy consensus with an average price target of $99.20.

Geode Capital Management LLC lifted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,272,019 shares of the utilities provider's stock after buying an additional 966,152 shares during the period. Geode Capital Management LLC owned approximately 2.27% of NextEra Energy worth $3,781,790,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wedbush Securities Inc. raised its position in shares of NextEra Energy by 24.8% during the third quarter. Wedbush Securities Inc. now owns 64,158 shares of the utilities provider's stock worth $4,843,000 after purchasing an additional 12,738 shares during the period. Varma Mutual Pension Insurance Co raised its position in shares of NextEra Energy by 5.0% during the third quarter. Varma Mutual Pension Insurance Co now owns 326,193 shares of the utilities provider's stock worth $24,624,000 after purchasing an additional 15,600 shares during the period. National Pension Service raised its position in shares of NextEra Energy by 1.3% during the third quarter. National Pension Service now owns 4,845,447 shares of the utilities provider's stock worth $365,783,000 after purchasing an additional 60,324 shares during the period. Indivisible Partners acquired a new stake in shares of NextEra Energy during the fourth quarter worth $1,355,000. Finally, Jones Financial Companies Lllp raised its position in shares of NextEra Energy by 7.3% during the third quarter. Jones Financial Companies Lllp now owns 849,352 shares of the utilities provider's stock worth $64,373,000 after purchasing an additional 57,711 shares during the period. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Performance

Shares of NEE stock opened at $87.63 on Thursday. NextEra Energy, Inc. has a 1-year low of $66.77 and a 1-year high of $98.75. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $182.75 billion, a price-to-earnings ratio of 22.30, a P/E/G ratio of 2.57 and a beta of 0.73. The stock's fifty day simple moving average is $92.44 and its 200-day simple moving average is $88.20.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.06. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. NextEra Energy's revenue for the quarter 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, sell-side analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.6232 per share. The ex-dividend date is Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy's payout ratio is currently 63.36%.

Insider Activity

In other NextEra Energy news, Treasurer James Michael May sold 7,161 shares of the business's stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $646,423.47. Following the transaction, the treasurer owned 26,719 shares in the company, valued at $2,411,924.13. The trade was a 21.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the business's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $90.27, for a total value of $1,775,791.44. Following the completion of the transaction, the executive vice president owned 73,857 shares in the company, valued at $6,667,071.39. This trade represents a 21.03% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 31,767 shares of company stock worth $2,881,077. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NEE shares. Scotiabank boosted 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. Barclays set a $90.00 target price on NextEra Energy and gave the stock an "equal weight" rating in a research report on Tuesday. BTIG Research reaffirmed a "buy" rating and set a $112.00 target price on shares of NextEra Energy in a research report on Friday, April 24th. Weiss Ratings upgraded NextEra Energy from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday. Finally, The Goldman Sachs Group lifted their price target on NextEra Energy from $94.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $99.20.

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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