Securian Asset Management Inc. Has $4.55 Million Stock Position in NextEra Energy, Inc. $NEE

Key Points

• Securian Asset Management cut its NextEra Energy stake by 43.1% in the fourth quarter, selling 42,822 shares and ending with 56,630 shares valued at about $4.55 million.
• NextEra Energy reported Q1 earnings of $1.09 per share, beating analyst expectations, though revenue of $6.70 billion came in below estimates; the company also raised its quarterly dividend to $0.6232 per share.
• Wall Street remains largely positive on the stock, with a Moderate Buy consensus and an average target price of $98.70, while several analysts recently lifted their price targets.

Securian Asset Management Inc. decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 43.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,630 shares of the utilities provider's stock after selling 42,822 shares during the period. Securian Asset Management Inc.'s holdings in NextEra Energy were worth $4,546,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of NextEra Energy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider's stock worth $17,343,185,000 after acquiring an additional 2,234,176 shares during the last quarter. Legal & General Group Plc raised its stake in shares of NextEra Energy by 2.3% in the third quarter. Legal & General Group Plc now owns 16,787,191 shares of the utilities provider's stock worth $1,267,265,000 after acquiring an additional 373,088 shares during the last quarter. Amundi raised its stake in shares of NextEra Energy by 16.7% in the third quarter. Amundi now owns 12,461,783 shares of the utilities provider's stock worth $1,012,129,000 after acquiring an additional 1,780,881 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of NextEra Energy by 47.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider's stock worth $742,913,000 after acquiring an additional 2,972,924 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in shares of NextEra Energy by 1.9% in the third quarter. CIBC Private Wealth Group LLC now owns 7,585,666 shares of the utilities provider's stock worth $572,642,000 after acquiring an additional 141,081 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

NextEra Energy stock opened at $93.01 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41. NextEra Energy, Inc. has a 1 year low of $63.88 and a 1 year high of $98.75. The company has a market cap of $193.97 billion, a PE ratio of 23.67, a PEG ratio of 2.73 and a beta of 0.73. The company's 50-day moving average is $92.78 and its two-hundred day moving average is $87.40.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating 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 company 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 company posted $0.99 EPS. The company's 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. Equities analysts anticipate that NextEra Energy, Inc. will post 4 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were paid a $0.6232 dividend. 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. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy's dividend payout ratio (DPR) is currently 63.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NEE shares. BTIG Research reaffirmed a "buy" rating and issued a $112.00 target price on shares of NextEra Energy in a research note on Friday, April 24th. HSBC boosted their target price on shares of NextEra Energy from $103.00 to $106.00 and gave the stock a "buy" rating in a research note on Tuesday, April 28th. TD Cowen boosted their target price on shares of NextEra Energy from $99.00 to $101.00 and gave the stock a "buy" rating in a research note on Monday, April 27th. Scotiabank boosted their target price on shares of NextEra Energy from $102.00 to $110.00 and gave the stock a "sector perform" rating in a research note on Friday, April 24th. Finally, Morgan Stanley set a $108.00 target price on shares of NextEra Energy and gave the company an "overweight" rating in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $98.70.

Insider Activity

In other news, EVP Terrell Kirk Crews II sold 19,672 shares of the company'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 $1,775,791.44. Following the completion of the sale, the executive vice president directly owned 73,857 shares of the company's stock, valued at $6,667,071.39. This represents a 21.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Treasurer James Michael May sold 7,161 shares of the company'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 $646,423.47. Following the completion of the sale, the treasurer directly owned 26,719 shares of the company's stock, valued at approximately $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 31,767 shares of company stock valued at $2,881,077 in the last ninety days. 0.18% of the stock is owned by insiders.

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.