iA Global Asset Management Inc. Sells 18,353 Shares of NextEra Energy, Inc. $NEE

iA Global Asset Management Inc. trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 11.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 145,331 shares of the utilities provider’s stock after selling 18,353 shares during the period. iA Global Asset Management Inc.’s holdings in NextEra Energy were worth $12,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. BKM Wealth Management LLC lifted its holdings in shares of NextEra Energy by 15.0% during the second quarter. BKM Wealth Management LLC now owns 22,912 shares of the utilities provider’s stock worth $2,011,000 after buying an additional 2,997 shares in the last quarter. Swiss Life Asset Management Ltd boosted its position in shares of NextEra Energy by 9.4% in the second quarter. Swiss Life Asset Management Ltd now owns 454,368 shares of the utilities provider’s stock valued at $39,880,000 after acquiring an additional 39,025 shares during the period. Baker Avenue Asset Management LP grew its stake in shares of NextEra Energy by 40.6% in the second quarter. Baker Avenue Asset Management LP now owns 145,423 shares of the utilities provider’s stock valued at $12,764,000 after acquiring an additional 41,958 shares in the last quarter. Hartline Investment Corp increased its position in NextEra Energy by 7.8% during the second quarter. Hartline Investment Corp now owns 75,325 shares of the utilities provider’s stock worth $6,611,000 after acquiring an additional 5,449 shares during the period. Finally, Victory Financial Group LLC increased its position in NextEra Energy by 6.6% during the second quarter. Victory Financial Group LLC now owns 5,052 shares of the utilities provider’s stock worth $443,000 after acquiring an additional 315 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 0.3%

NEE opened at $85.98 on Thursday. The stock has a market capitalization of $179.33 billion, a price-to-earnings ratio of 19.32, a P/E/G ratio of 2.36 and a beta of 0.67. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. NextEra Energy, Inc. has a twelve month low of $69.24 and a twelve month high of $98.75. The company has a 50-day simple moving average of $87.26 and a 200 day simple moving average of $89.94.

NextEra Energy (NYSE:NEE) last released its 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 firm had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the firm earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NEE shares. Wells Fargo & Company set a $102.00 price objective on shares of NextEra Energy and gave the company an “overweight” rating in a report on Friday, April 24th. Erste Group Bank cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Evercore reiterated an “outperform” rating and issued a $107.00 price target on shares of NextEra Energy in a research report on Monday, May 4th. Barclays set a $91.00 price target on shares of NextEra Energy and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen downgraded NextEra Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Seventeen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.43.

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.