StrongBox Wealth LLC Buys 12,180 Shares of NextEra Energy, Inc. $NEE

Key Points

• StrongBox Wealth increased its NextEra Energy stake by 15.9%, adding 12,180 shares in the third quarter to hold 88,728 shares worth about $6.72 million.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $97.80; ratings include 16 Buys, five Holds and one Strong Buy.
• NextEra reported quarterly EPS of $1.24, beating the $1.20 consensus, while revenue of $8.09 billion fell short of expectations. The company declared a quarterly dividend of $0.6232 per share, equivalent to an annualized yield of about 2.8%.

StrongBox Wealth LLC boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 15.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 88,728 shares of the utilities provider's stock after acquiring an additional 12,180 shares during the period. NextEra Energy accounts for 1.8% of StrongBox Wealth LLC's portfolio, making the stock its 23rd largest holding. StrongBox Wealth LLC's holdings in NextEra Energy were worth $6,720,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Kilter Group LLC purchased a new stake in NextEra Energy in the 2nd quarter worth $25,000. Manning & Napier Advisors LLC bought a new position in shares of NextEra Energy during the 2nd quarter valued at about $26,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of NextEra Energy during the second quarter valued at about $26,000. Financial Network Wealth Advisors LLC grew its position in shares of NextEra Energy by 83.0% during the second quarter. Financial Network Wealth Advisors LLC now owns 344 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 156 shares in the last quarter. Finally, Axiom Investment Management LLC purchased a new position in shares of NextEra Energy during the first quarter valued at about $32,000. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NEE has been the topic of several research reports. Jefferies Financial Group reaffirmed a "hold" rating on shares of NextEra Energy in a report on Thursday, October 8th. BTIG Research set a $106.00 price target on NextEra Energy in a research note on Thursday, October 22nd. Barclays cut their price target on NextEra Energy from $84.00 to $79.00 and set an "equal weight" rating for the company in a report on Friday, October 23rd. Bank of America cut their price target on NextEra Energy from $95.00 to $93.00 and set a "neutral" rating for the company in a report on Monday, July 13th. Finally, Seaport Research Partners reaffirmed a "sell" rating and issued a $56.00 price objective (up from $55.00) on shares of NextEra Energy in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average target price of $97.80.

NextEra Energy Price Performance

NEE stock opened at $88.27 on Friday. NextEra Energy, Inc. has a 52 week low of $74.41 and a 52 week high of $98.75. The company has a quick ratio of 0.45, a current ratio of 0.53 and a debt-to-equity ratio of 1.33. The company has a fifty day simple moving average of $80.43 and a two-hundred day simple moving average of $87.25. The firm has a market capitalization of $185.12 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The business had revenue of $8.09 billion during the quarter, compared to analysts' expectations of $8.47 billion. During the same period last year, the company posted $1.13 EPS. The business's revenue was up 1.6% on a year-over-year basis. Analysts anticipate 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 Tuesday, December 15th. Investors of record on Friday, November 27th will be issued a $0.6232 dividend. The ex-dividend date of this dividend is Friday, November 27th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy's dividend payout ratio (DPR) is presently 44.86%.

More NextEra Energy News

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

• Positive Sentiment: A Virginia Chamber of Commerce–commissioned study says the merger could create thousands of jobs in Virginia. That economic case may help build support for the deal, though it does not ensure regulatory approval. Virginia Chamber of Commerce promotes study touting Dominion merger benefits
• Positive Sentiment: A report describes the Virginia merger review as advancing and highlights safeguards in the case. Progress and protections could help address concerns around the transaction, but the available report details do not establish that approval is assured. NextEra Energy stock gains safeguards as Virginia merger review advances
• Neutral Sentiment: A comparison of NextEra and Duke Energy says both could benefit from rising electricity demand tied to AI. It characterizes NextEra as having stronger earnings growth, while Duke offers a lower valuation and higher dividend; the article does not report a new company-specific development. NextEra Energy vs. Duke Energy: Which Dividend Utility Wins the AI Power Boom?
• Negative Sentiment: Faith leaders and community advocates urged Virginia’s State Corporation Commission to reject the Dominion acquisition, arguing it could put corporate profits ahead of families and local communities. Their opposition underscores political and regulatory risk for the proposed deal. Faith Leaders Urge SCC to Reject Dominion-NextEra Merger

About NextEra Energy

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy's principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.

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