Concurrent Investment Advisors LLC Purchases 49,644 Shares of NextEra Energy, Inc. $NEE

Concurrent Investment Advisors LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 19.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 308,514 shares of the utilities provider’s stock after purchasing an additional 49,644 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in NextEra Energy were worth $27,078,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NEE. Anfield Capital Management LLC grew its holdings in shares of NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 270 shares in the last quarter. Kilter Group LLC purchased a new stake in NextEra Energy during the second quarter valued at $25,000. Manning & Napier Advisors LLC bought a new position in NextEra Energy during the second quarter valued at $26,000. Pin Oak Investment Advisors Inc. bought a new position in NextEra Energy during the second quarter valued at $26,000. Finally, Wealth Watch Advisors INC grew its stake in shares of NextEra Energy by 223.8% in the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after buying an additional 226 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on NEE shares. Erste Group Bank cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Morgan Stanley set a $114.00 price objective on NextEra Energy and gave the stock an “overweight” rating in a research note on Friday, August 21st. Barclays set a $91.00 price objective on NextEra Energy and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. HC Wainwright reaffirmed a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Finally, Bank of America cut their target price on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a research report on Monday, July 13th. Seventeen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.33.

NextEra Energy Price Performance

NEE stock opened at $83.33 on Friday. The stock has a market cap of $173.81 billion, a PE ratio of 18.73, a P/E/G ratio of 2.60 and a beta of 0.65. NextEra Energy, Inc. has a 12 month low of $69.24 and a 12 month high of $98.75. The company has a 50-day moving average price of $86.54 and a 200 day moving average price of $89.41. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. The company 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 firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities research analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be paid a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s dividend payout ratio (DPR) 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.