Peterson Wealth Management Purchases New Position in NextEra Energy, Inc. $NEE

Key Points

• Peterson Wealth Management opened a new position in NextEra Energy during the fourth quarter, buying 46,329 shares worth about $3.72 million. The stake now represents 2.8% of its portfolio and is its 12th largest holding.
• Several other institutions also increased their NextEra holdings, and the stock is heavily owned by institutions overall, at 78.72%. Meanwhile, insider selling picked up, with two EVPs selling shares in March and insiders unloading 31,767 shares over the past 90 days.
• NextEra recently beat earnings estimates with $1.09 EPS versus the $1.03 consensus, though revenue fell short of forecasts. The company also raised its quarterly dividend to $0.6232 per share, implying a 2.7% yield, while analysts currently have a Moderate Buy consensus and a $98.70 price target.

Peterson Wealth Management purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 46,329 shares of the utilities provider's stock, valued at approximately $3,719,000. NextEra Energy comprises approximately 2.8% of Peterson Wealth Management's holdings, making the stock its 12th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. Wedbush Securities Inc. raised its position in NextEra Energy by 24.8% during the third quarter. Wedbush Securities Inc. now owns 64,158 shares of the utilities provider's stock valued at $4,843,000 after purchasing an additional 12,738 shares during the period. Varma Mutual Pension Insurance Co raised its position in 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 valued at $24,624,000 after purchasing an additional 15,600 shares during the period. National Pension Service raised its position in NextEra Energy by 1.3% during the third quarter. National Pension Service now owns 4,845,447 shares of the utilities provider's stock valued at $365,783,000 after purchasing an additional 60,324 shares during the period. Indivisible Partners purchased a new stake in NextEra Energy during the fourth quarter valued at approximately $1,355,000. Finally, Y Intercept Hong Kong Ltd raised its position in NextEra Energy by 61.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 60,985 shares of the utilities provider's stock valued at $4,604,000 after purchasing an additional 23,288 shares during the period. 78.72% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Nicole J. Daggs sold 4,934 shares of the company's stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $93.00, for a total transaction of $458,862.00. Following the transaction, the executive vice president owned 16,905 shares of the company's stock, valued at approximately $1,572,165. This represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was 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 directly owned 73,857 shares in the company, valued at approximately $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 90 days, insiders have sold 31,767 shares of company stock valued at $2,881,077. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NEE shares. BTIG Research restated a "buy" rating and set a $112.00 price objective on shares of NextEra Energy in a research report on Friday, April 24th. Scotiabank upped their price objective on NextEra Energy from $102.00 to $110.00 and gave the company a "sector perform" rating in a research report on Friday, April 24th. Evercore restated an "outperform" rating and set a $107.00 price objective on shares of NextEra Energy in a research report on Monday, May 4th. BMO Capital Markets reaffirmed an "outperform" rating and set a $104.00 target price (up from $99.00) on shares of NextEra Energy in a research note on Monday, April 27th. Finally, Mizuho upped their target price on NextEra Energy from $90.00 to $95.00 and gave the company a "neutral" rating in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $98.70.

NextEra Energy Trading Down 0.1%

NEE opened at $93.01 on Monday. The stock has a market cap of $193.97 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 2.73 and a beta of 0.73. The stock's 50 day moving average price is $92.78 and its 200-day moving average price is $87.40. NextEra Energy, Inc. has a one year low of $63.88 and a one year high of $98.75. 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 released its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.06. The firm had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.43 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The company's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, equities analysts forecast that NextEra Energy, Inc. will post 4 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were paid a dividend of $0.6232 per share. This is a positive change from NextEra Energy's previous quarterly dividend of $0.57. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, February 27th. NextEra Energy's payout ratio is currently 63.36%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.