Providence First Trust Co Decreases Holdings in NextEra Energy, Inc. $NEE

Providence First Trust Co decreased its position in NextEra Energy, Inc. (NYSE:NEEFree Report) by 52.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,540 shares of the utilities provider’s stock after selling 8,330 shares during the quarter. Providence First Trust Co’s holdings in NextEra Energy were worth $605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of NEE. Pictet Asset Management Holding SA boosted its stake in shares of NextEra Energy by 47.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock valued at $742,913,000 after purchasing an additional 2,972,924 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab purchased a new position in NextEra Energy in the 3rd quarter worth $177,198,000. Vanguard Group Inc. lifted its stake in NextEra Energy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock worth $17,343,185,000 after purchasing an additional 2,234,176 shares during the last quarter. Amundi lifted its stake in NextEra Energy by 16.7% in the third quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock worth $1,012,129,000 after purchasing an additional 1,780,881 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in NextEra Energy during the fourth quarter valued at about $105,210,000. 78.72% of the stock is currently owned by institutional investors.

Insider Activity

In other NextEra Energy news, CEO John W. Ketchum sold 99,603 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $89.34, for a total value of $8,898,532.02. Following the completion of the transaction, the chief executive officer directly owned 305,933 shares in the company, valued at $27,332,054.22. This represents a 24.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Treasurer James Michael May sold 7,161 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction of $646,423.47. Following the completion of the transaction, the treasurer owned 26,719 shares of the company’s stock, valued at approximately $2,411,924.13. The trade was a 21.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 131,370 shares of company stock valued at $11,779,609. Company insiders own 0.18% of the company’s stock.

Key NextEra Energy News

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

NextEra Energy Price Performance

NEE opened at $96.24 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44. NextEra Energy, Inc. has a 1 year low of $63.88 and a 1 year high of $98.75. The firm has a market cap of $200.68 billion, a PE ratio of 24.49, a P/E/G ratio of 2.80 and a beta of 0.73. The stock has a 50-day moving average price of $92.81 and a 200-day moving average price of $87.26.

NextEra Energy (NYSE:NEEGet Free Report) last announced its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.06. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.43 billion. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Sell-side analysts predict that NextEra Energy, Inc. will post 4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were given a $0.6232 dividend. The ex-dividend date was Friday, February 27th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.6%. NextEra Energy’s dividend payout ratio (DPR) is currently 63.36%.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent research reports. 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. Erste Group Bank raised NextEra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. DA Davidson increased their price objective on NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley set a $108.00 target price on shares of NextEra Energy and gave the stock an “overweight” rating in a report on Friday, April 17th. Finally, UBS Group upped their price target on shares of NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.70.

Check Out Our Latest Analysis on NEE

About NextEra Energy

(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

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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