Ameritas Advisory Services LLC increased its position in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 69.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 38,746 shares of the utilities provider’s stock after acquiring an additional 15,829 shares during the quarter. Ameritas Advisory Services LLC’s holdings in NextEra Energy were worth $3,111,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock valued at $17,343,185,000 after buying an additional 2,234,176 shares in the last quarter. Legal & General Group Plc boosted its holdings in NextEra Energy by 2.3% in the 3rd quarter. Legal & General Group Plc now owns 16,787,191 shares of the utilities provider’s stock worth $1,267,265,000 after buying an additional 373,088 shares during the period. Amundi grew its stake in NextEra Energy by 16.7% in the 3rd quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock valued at $1,012,129,000 after buying an additional 1,780,881 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in NextEra Energy by 47.3% during 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 acquiring an additional 2,972,924 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in shares of NextEra Energy by 1.9% during the third quarter. CIBC Private Wealth Group LLC now owns 7,585,666 shares of the utilities provider’s stock worth $572,642,000 after acquiring an additional 141,081 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have recently commented on NEE. DA Davidson raised their price target on NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Mizuho increased their price objective on NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Morgan Stanley set a $108.00 target price on NextEra Energy and gave the stock an “overweight” rating in a research note on Friday, April 17th. HSBC lifted their target price on NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, Erste Group Bank upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $99.10.
NextEra Energy Trading Up 0.3%
Shares of NEE stock opened at $94.85 on Thursday. The company has a market capitalization of $197.79 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 2.78 and a beta of 0.73. NextEra Energy, Inc. has a 52-week low of $63.88 and a 52-week high of $98.75. The business’s fifty day moving average is $92.87 and its 200 day moving average is $87.70. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54.
NextEra Energy (NYSE:NEE – Get Free Report) last posted its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.03 by $0.06. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.43 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 4 EPS for the current fiscal year.
NextEra Energy Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were issued a dividend of $0.6232 per share. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 annualized dividend and a dividend yield of 2.6%. NextEra Energy’s payout ratio is presently 63.36%.
Insider Buying and Selling
In other NextEra Energy news, EVP Nicole J. Daggs sold 4,934 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $93.00, for a total value of $458,862.00. Following the completion of the transaction, the executive vice president owned 16,905 shares of the company’s stock, valued at $1,572,165. The trade was a 22.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Treasurer James Michael May sold 7,161 shares of the stock in a transaction 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 directly owned 26,719 shares in the company, valued at $2,411,924.13. The trade was a 21.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 31,767 shares of company stock worth $2,881,077. Insiders own 0.18% of the company’s stock.
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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