Confluence Wealth Services Inc. Buys 7,983 Shares of NextEra Energy, Inc. $NEE

Confluence Wealth Services Inc. boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 16.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,639 shares of the utilities provider’s stock after buying an additional 7,983 shares during the quarter. Confluence Wealth Services Inc.’s holdings in NextEra Energy were worth $4,971,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Anfield Capital Management LLC raised its position in 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 period. Laurel Wealth Advisors LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $25,000. Financial Life Planners purchased a new position in shares of NextEra Energy during the first quarter valued at approximately $30,000. Wealth Watch Advisors INC grew its stake in shares of NextEra Energy by 223.8% during 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 during the last quarter. Finally, Manning & Napier Advisors LLC grew its stake in shares of NextEra Energy by 104.9% during the first quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider’s stock valued at $31,000 after buying an additional 172 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of a number of research analyst reports. Scotiabank raised their price target on NextEra Energy from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Erste Group Bank downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Wells Fargo & Company set a $102.00 target price on NextEra Energy and gave the stock an “overweight” rating in a research note on Friday, April 24th. Weiss Ratings downgraded NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Finally, Bank of America lowered their target price on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a research note on Monday, July 13th. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.36.

NextEra Energy Stock Up 0.2%

Shares of NextEra Energy stock opened at $86.18 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. The stock has a market cap of $179.75 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 2.35 and a beta of 0.67. The firm’s 50-day moving average is $87.17 and its two-hundred day moving average is $89.95. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75.

NextEra Energy (NYSE:NEE) last posted 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. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The business had revenue of $7.53 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the previous year, the business posted $1.05 EPS. The company’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. As a group, research analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.6232 per share. The ex-dividend date is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. NextEra Energy’s dividend payout ratio is currently 55.96%.

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.