Visionary Wealth Advisors acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 113,533 shares of the utilities provider's stock, valued at approximately $9,965,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Anfield Capital Management LLC grew its holdings in shares of NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider's stock worth $25,000 after purchasing an additional 270 shares during the last quarter. Kilter Group LLC bought a new position in NextEra Energy during the 2nd quarter valued at about $25,000. Wealth Watch Advisors INC boosted its position in NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider's stock valued at $26,000 after buying an additional 226 shares in the last quarter. Osbon Capital Management LLC acquired a new position in NextEra Energy in the fourth quarter valued at about $27,000. Finally, Strive Asset Management LLC bought a new stake in NextEra Energy during the third quarter worth about $29,000. 78.72% of the stock is owned by institutional investors.
NextEra Energy Trading Up 0.8%
Shares of NYSE NEE opened at $82.46 on Tuesday. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75. The company has a 50-day moving average of $86.88 and a two-hundred day moving average of $89.64. The company has a market cap of $172.00 billion, a PE ratio of 18.53, a P/E/G ratio of 2.24 and a beta of 0.67. 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 (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.11 by $0.04. The business had revenue of $7.53 billion for 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, equities analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.
NextEra Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be paid 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 (DPR) is 55.96%.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on NEE. HC Wainwright reiterated a "buy" rating on shares of NextEra Energy in a research note on Monday, July 27th. Sanford C. Bernstein restated an "outperform" rating and set a $108.00 price target on shares of NextEra Energy in a research report on Monday, July 27th. Bank of America dropped 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. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 13th. Finally, Evercore restated an "outperform" rating and set a $107.00 target price on shares of NextEra Energy in a report on Monday, May 4th. Seventeen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $100.33.
Check Out Our Latest Stock Report on NEE
NextEra Energy Profile
(
Free Report)
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.
Further Reading
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