United Bank Makes New $1.37 Million Investment in NextEra Energy, Inc. $NEE

Key Points

• United Bank purchased 15,633 shares of NextEra Energy during the second quarter, establishing a new stake valued at approximately $1.37 million. Institutional investors collectively own 78.72% of the company.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $100.33, despite several recent rating or target-price reductions.
• NextEra exceeded quarterly EPS expectations, reporting $1.15 versus the $1.11 consensus, while revenue rose 12.4% year over year to $7.53 billion. The company also declared a quarterly dividend of $0.6232, equivalent to a 3.0% annualized yield.

United Bank bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,633 shares of the utilities provider's stock, valued at approximately $1,372,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new position in NextEra Energy during the 4th quarter valued at $25,000. Anfield Capital Management LLC grew 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 acquiring an additional 270 shares during the last quarter. Wealth Watch Advisors INC increased 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 during the period. Osbon Capital Management LLC purchased a new stake in NextEra Energy in the fourth quarter worth $27,000. Finally, Strive Asset Management LLC bought a new stake in shares of NextEra Energy during the third quarter worth $29,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Bank of America lowered their target price on shares of NextEra Energy from $95.00 to $93.00 and set a "neutral" rating for the company in a research note on Monday, July 13th. Wall Street Zen lowered shares of NextEra Energy from a "sell" rating to a "strong sell" rating in a report on Saturday, August 22nd. Erste Group Bank lowered shares of NextEra Energy from a "buy" rating to a "hold" rating in a report on Thursday, June 25th. HC Wainwright reissued a "buy" rating on shares of NextEra Energy in a research report on Monday, July 27th. Finally, Mizuho set a $95.00 target price on shares of NextEra Energy in a research note on Monday, July 27th. Seventeen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $100.33.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $81.74 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. The stock's fifty day moving average price is $86.95 and its 200-day moving average price is $89.70. The firm has a market cap of $170.49 billion, a P/E ratio of 18.37, a P/E/G ratio of 2.28 and a beta of 0.67. NextEra Energy, Inc. has a 12 month low of $69.24 and a 12 month high of $98.75.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The company had revenue of $7.53 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. The firm's revenue for the quarter was up 12.4% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, equities research analysts expect 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, September 15th. Stockholders of record on Friday, August 28th will be given a $0.6232 dividend. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy's dividend payout ratio is presently 55.96%.

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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