Vest Financial LLC Has $57.46 Million Position in NextEra Energy, Inc. $NEE

Key Points

• Vest Financial reduced its NextEra Energy stake by 10.9% in the second quarter, selling 79,707 shares and retaining 654,669 shares valued at approximately $57.46 million. Institutional investors collectively own 78.72% of the company.
• NextEra Energy reported quarterly EPS of $1.15, surpassing estimates of $1.11, while revenue rose 12.4% year over year to $7.53 billion but fell short of expectations.
• The company declared a quarterly dividend of $0.6232 per share, equivalent to an annualized $2.49 and a 2.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $99.36.

Vest Financial LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 10.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 654,669 shares of the utilities provider's stock after selling 79,707 shares during the quarter. Vest Financial LLC's holdings in NextEra Energy were worth $57,460,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Indivisible Partners acquired a new stake in NextEra Energy during the fourth quarter valued at approximately $1,355,000. Czech National Bank boosted its stake in NextEra Energy by 4.7% in the 2nd quarter. Czech National Bank now owns 593,568 shares of the utilities provider's stock valued at $52,097,000 after buying an additional 26,378 shares in the last quarter. Swedbank AB grew its position in NextEra Energy by 13.4% in the fourth quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider's stock valued at $81,615,000 after acquiring an additional 120,389 shares during the period. Annex Advisory Services LLC raised its stake in NextEra Energy by 13.9% during the second quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider's stock worth $62,405,000 after acquiring an additional 86,585 shares in the last quarter. Finally, MGO One Seven LLC raised its stake in NextEra Energy by 12.1% during the fourth quarter. MGO One Seven LLC now owns 137,251 shares of the utilities provider's stock worth $11,018,000 after acquiring an additional 14,828 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Price Performance

NextEra Energy stock opened at $86.18 on Monday. The business's fifty day moving average is $87.17 and its two-hundred day moving average is $89.98. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. The firm has a market cap of $179.75 billion, a P/E ratio of 19.37, a P/E/G ratio of 2.36 and a beta of 0.67. NextEra Energy, Inc. has a 52 week low of $69.24 and a 52 week high of $98.75.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.04. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The company had revenue of $7.53 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same period last year, the company posted $1.05 earnings per share. The firm's quarterly revenue 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. Equities research analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be given a $0.6232 dividend. This represents a $2.49 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, August 28th. NextEra Energy's dividend payout ratio (DPR) is presently 55.96%.

Analyst Ratings Changes

Several brokerages have recently commented on NEE. DA Davidson boosted their target price on shares of NextEra Energy from $95.00 to $105.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Evercore reiterated an "outperform" rating and set a $107.00 target price on shares of NextEra Energy in a research report on Monday, May 4th. Weiss Ratings downgraded shares of NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, June 11th. Scotiabank boosted their price target on shares of NextEra Energy from $102.00 to $110.00 and gave the company a "sector perform" rating in a research report on Friday, April 24th. Finally, BTIG Research reaffirmed a "buy" rating and set a $112.00 price objective on shares of NextEra Energy in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $99.36.

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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