Citizens Financial Group Inc. RI Sells 6,535 Shares of NextEra Energy, Inc. $NEE

Citizens Financial Group Inc. RI decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 195,736 shares of the utilities provider’s stock after selling 6,535 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in NextEra Energy were worth $18,180,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NEE. Sovran Advisors LLC grew its stake in shares of NextEra Energy by 10.0% during the first quarter. Sovran Advisors LLC now owns 10,847 shares of the utilities provider’s stock worth $1,062,000 after buying an additional 985 shares during the last quarter. Simplicity Wealth LLC lifted its stake in shares of NextEra Energy by 18.5% in the 1st quarter. Simplicity Wealth LLC now owns 12,290 shares of the utilities provider’s stock valued at $1,142,000 after acquiring an additional 1,916 shares during the last quarter. Candriam S.C.A. boosted its holdings in shares of NextEra Energy by 54.0% during the 1st quarter. Candriam S.C.A. now owns 1,826,628 shares of the utilities provider’s stock valued at $169,657,000 after acquiring an additional 640,824 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. grew its position in NextEra Energy by 1.4% during the 1st quarter. Beacon Harbor Wealth Advisors Inc. now owns 94,623 shares of the utilities provider’s stock worth $8,789,000 after acquiring an additional 1,350 shares during the last quarter. Finally, Osprey Private Wealth LLC grew its position in NextEra Energy by 77.3% during the 1st quarter. Osprey Private Wealth LLC now owns 23,045 shares of the utilities provider’s stock worth $2,140,000 after acquiring an additional 10,045 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.9%

Shares of NextEra Energy stock traded up $0.79 during midday trading on Friday, reaching $87.89. The company had a trading volume of 11,222,744 shares, compared to its average volume of 11,218,148. The stock has a fifty day moving average price of $88.56 and a 200 day moving average price of $88.87. NextEra Energy, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $98.75. The firm has a market cap of $183.27 billion, a PE ratio of 22.36, a P/E/G ratio of 2.58 and a beta of 0.67. 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 (NYSE:NEE) last released 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. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.43 billion. During the same quarter in the prior year, the firm posted $0.99 EPS. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, equities analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were given a dividend of $0.6232 per share. The ex-dividend date was Friday, June 5th. This represents a $2.49 annualized dividend and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio is 63.36%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wells Fargo & Company set a $102.00 target price on NextEra Energy and gave the company an “overweight” rating in a research report on Friday, April 24th. DA Davidson raised their price objective on shares of NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. BMO Capital Markets reduced their target price on shares of NextEra Energy from $104.00 to $102.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. TD Cowen raised their price target on shares of NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Finally, Jefferies Financial Group lifted their price target on shares of NextEra Energy from $92.00 to $93.00 and gave the stock a “hold” rating in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $99.90.

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.