Timothy G. Youngquist 2020 Irrevocable Trust Has $1.73 Million Stock Holdings in NextEra Energy, Inc. $NEE

Key Points

• Timothy G. Youngquist 2020 Irrevocable Trust increased its NextEra Energy position by 2,592.1% in the second quarter, holding 19,760 shares valued at approximately $1.73 million.
• NextEra Energy reported quarterly earnings of $1.15 per share, exceeding estimates of $1.11, while revenue reached $7.53 billion and rose 12.4% year over year.
• The company declared a quarterly dividend of $0.6232 per share, equivalent to a 3.0% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $100.33.

Timothy G. Youngquist 2020 Irrevocable Trust grew its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2,592.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,760 shares of the utilities provider's stock after buying an additional 19,026 shares during the quarter. NextEra Energy makes up about 0.3% of Timothy G. Youngquist 2020 Irrevocable Trust's investment portfolio, making the stock its 28th biggest position. Timothy G. Youngquist 2020 Irrevocable Trust's holdings in NextEra Energy were worth $1,734,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NEE. Laurel Wealth Advisors LLC acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $25,000. Anfield Capital Management LLC raised its position in NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 270 shares during the last quarter. Wealth Watch Advisors INC boosted its stake in NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider's stock worth $26,000 after purchasing an additional 226 shares in the last quarter. Osbon Capital Management LLC bought a new stake in shares of NextEra Energy during the fourth quarter worth $27,000. Finally, Strive Asset Management LLC acquired a new stake in shares of NextEra Energy in the third quarter valued at $29,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Performance

NextEra Energy stock opened at $83.51 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75. The company has a market cap of $174.18 billion, a PE ratio of 18.77, a PEG ratio of 2.30 and a beta of 0.67. The company's 50-day moving average is $87.05 and its two-hundred day moving average is $89.75.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. The company had revenue of $7.53 billion during the quarter, compared to analysts' expectations of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. NextEra Energy's revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, August 28th. NextEra Energy's payout ratio is 55.96%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NEE. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 13th. Erste Group Bank downgraded shares of NextEra Energy from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. BMO Capital Markets upped their target price on shares of NextEra Energy from $94.00 to $96.00 and gave the stock an "outperform" rating in a research report on Monday, July 27th. Jefferies Financial Group set a $94.00 price target on shares of NextEra Energy in a report on Tuesday, July 14th. Finally, Sanford C. Bernstein restated an "outperform" rating and issued a $108.00 price objective on shares of NextEra Energy in a research report on Monday, July 27th. Seventeen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $100.33.

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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