Seneca House Advisors Sells 26,087 Shares of NextEra Energy, Inc. $NEE

Seneca House Advisors lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 81.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,943 shares of the utilities provider’s stock after selling 26,087 shares during the period. Seneca House Advisors’ holdings in NextEra Energy were worth $552,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NEE. DA Davidson raised their price objective on NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. upped their target price on NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. 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. Evercore restated an “outperform” rating and issued a $107.00 price objective on shares of NextEra Energy in a report on Monday, May 4th. Finally, Weiss Ratings cut shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $99.90.

NextEra Energy Trading Up 0.9%

Shares of NYSE NEE 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. NextEra Energy, Inc. has a one year low of $69.24 and a one year high of $98.75. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41. The firm’s fifty day moving average price is $88.56 and its 200-day moving average price is $88.87. The stock has a market cap of $183.27 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 2.58 and a beta of 0.67.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.06. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.43 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.NextEra Energy’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $0.99 EPS. 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 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

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

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.