State of Michigan Retirement System Reduces Stake in NextEra Energy, Inc. $NEE

Key Points

• State of Michigan Retirement System trimmed its stake in NextEra Energy by 2.1%, selling 11,700 shares and leaving it with 545,198 shares valued at about $43.77 million.
• NextEra beat Q1 EPS estimates ($1.09 vs. $1.03) but missed on revenue ($6.70B vs. ~$7.43B) and set FY‑2026 guidance at $3.92–$4.02 EPS.
• The company raised its quarterly dividend to $0.6232 ($2.49 annual, ~2.6% yield), even as insiders sold roughly 179,990 shares last quarter and institutional ownership stands near 78.7%.

State of Michigan Retirement System cut its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 545,198 shares of the utilities provider's stock after selling 11,700 shares during the quarter. State of Michigan Retirement System's holdings in NextEra Energy were worth $43,768,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Wedbush Securities Inc. lifted its holdings in NextEra Energy by 24.8% in the 3rd 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 in the last quarter. Varma Mutual Pension Insurance Co boosted its stake in shares of NextEra Energy by 5.0% during the 3rd 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 last quarter. National Pension Service grew its holdings 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 buying an additional 60,324 shares in the last quarter. Synergy Asset Management LLC grew its holdings in shares of NextEra Energy by 286.0% during the third quarter. Synergy Asset Management LLC now owns 22,028 shares of the utilities provider's stock worth $1,594,000 after buying an additional 16,322 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in shares of NextEra Energy by 61.8% in 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 buying an additional 23,288 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

NEE opened at $95.38 on Monday. NextEra Energy, Inc. has a 1 year low of $63.88 and a 1 year high of $97.63. The company's 50 day simple moving average is $92.44 and its 200 day simple moving average is $86.85. The stock has a market capitalization of $198.90 billion, a PE ratio of 24.27, a P/E/G ratio of 2.80 and a beta of 0.74. 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 issued its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.03 by $0.06. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.43 billion. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. NextEra Energy's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 4 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders 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 dividend yield of 2.6%. The ex-dividend date was Friday, February 27th. This is a positive change from NextEra Energy's previous quarterly dividend of $0.57. NextEra Energy's payout ratio is currently 63.36%.

Insider Buying and Selling at NextEra Energy

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 transaction of $646,423.47. Following the completion of the sale, the treasurer owned 26,719 shares of the company's stock, valued at approximately $2,411,924.13. The trade was a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the executive vice president owned 73,857 shares of the company's stock, valued at $6,667,071.39. This represents a 21.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 179,990 shares of company stock worth $16,155,409. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Argus set a $92.00 price objective on shares of NextEra Energy and gave the company a "buy" rating in a research note on Wednesday, January 28th. Mizuho boosted their price target on NextEra Energy from $90.00 to $95.00 and gave the company a "neutral" rating in a report on Wednesday, April 15th. Barclays increased their price target on NextEra Energy from $85.00 to $89.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 7th. Morgan Stanley set a $108.00 price objective on NextEra Energy and gave the stock an "overweight" rating in a report on Friday, April 17th. Finally, Weiss Ratings downgraded NextEra Energy from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, NextEra Energy currently has an average rating of "Moderate Buy" and an average price target of $97.05.

Trending Headlines about NextEra Energy

Here are the key news stories impacting NextEra Energy this week:

• Positive Sentiment: Q1 beat and visible growth — NextEra reported $1.09 adjusted EPS (above estimates) and ~10% EPS growth; management confirmed FY‑2026 EPS guidance and highlighted renewables/storage origination adding ~4 GW plus a multi‑GW renewables backlog. This supports the company’s growth narrative. Zacks: NextEra Beats Q1
• Positive Sentiment: New conventional and nuclear initiatives — NextEra announced partnerships tied to U.S.–Japan trade support for ~9.5 GW of gas-fired capacity for data centers and is advancing small modular reactor work, diversifying its supply stack and creating contracted development opportunities. Yahoo: Expands Gas & Nuclear
• Positive Sentiment: Analyst support — Price targets were raised this week (BMO to $99 with an outperform; Scotiabank to $110 with sector‑perform), giving upside on the stock and signaling continued analyst conviction. MarketScreener: BMO PT Raise MarketScreener: Scotiabank PT Raise
• Positive Sentiment: Relative and defensive appeal — Coverage comparing NextEra favorably to peers (e.g., Constellation) and rankings among defensive stocks underline its mix of regulated utility cash flows and growth projects, attracting conservative growth investors. Yahoo: Constellation vs. NextEra Yahoo: Defensive Stock
• Neutral Sentiment: Guidance and revenue nuance — FY‑2026 EPS guidance was set at $3.92–$4.02 (near Street estimates) but quarterly revenue missed expectations ($6.70B vs. ~$7.43B). That mix tempers the enthusiasm from the EPS beat. MarketBeat: Q1 Results
• Neutral Sentiment: Macro headwinds — Broader market/geopolitical risk is pressuring sentiment across utilities and the market this week, which can mute stock reactions even when company‑specific news is positive. Yahoo: Market News
• Negative Sentiment: ESG and investor composition risk — The pivot into significant gas‑fired capacity could concern ESG‑focused investors and funds that favor pure‑play renewables, potentially pressuring demand from that buyer base. Yahoo: Expands Gas & Nuclear
• Negative Sentiment: Policy uncertainty — Legislative moves that change federal energy efficiency or infrastructure incentives could alter long‑term policy tailwinds for renewables; this adds a policy‑risk layer to the thesis. QuiverQuant: H.R.4690

NextEra Energy 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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