12,180 NextEra Energy, Inc. $NEE Shares Purchased by StrongBox Wealth LLC

StrongBox Wealth LLC boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 15.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 88,728 shares of the utilities provider’s stock after buying an additional 12,180 shares during the period. NextEra Energy makes up approximately 1.8% of StrongBox Wealth LLC’s holdings, making the stock its 23rd largest holding. StrongBox Wealth LLC’s holdings in NextEra Energy were worth $6,720,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Legal & General Group Plc purchased a new position in NextEra Energy during the second quarter worth $1,465,987,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in NextEra Energy by 5.8% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,302,084 shares of the utilities provider’s stock valued at $1,430,834,000 after acquiring an additional 895,824 shares during the last quarter. Amundi raised its stake in shares of NextEra Energy by 46.5% in the second quarter. Amundi now owns 13,329,077 shares of the utilities provider’s stock valued at $1,169,839,000 after acquiring an additional 4,231,814 shares during the period. Bessemer Group Inc. raised its stake in shares of NextEra Energy by 8.5% in the first quarter. Bessemer Group Inc. now owns 10,187,013 shares of the utilities provider’s stock valued at $946,169,000 after acquiring an additional 799,546 shares during the period. Finally, GQG Partners LLC bought a new stake in shares of NextEra Energy in the 2nd quarter worth about $651,293,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Key NextEra Energy News

Here are the key news stories impacting NextEra Energy this week:

• Positive Sentiment: A Virginia Chamber of Commerce–commissioned study says the merger could create thousands of jobs in Virginia. That economic case may help build support for the deal, though it does not ensure regulatory approval. Virginia Chamber of Commerce promotes study touting Dominion merger benefits
• Positive Sentiment: A report describes the Virginia merger review as advancing and highlights safeguards in the case. Progress and protections could help address concerns around the transaction, but the available report details do not establish that approval is assured. NextEra Energy stock gains safeguards as Virginia merger review advances
• Neutral Sentiment: A comparison of NextEra and Duke Energy says both could benefit from rising electricity demand tied to AI. It characterizes NextEra as having stronger earnings growth, while Duke offers a lower valuation and higher dividend; the article does not report a new company-specific development. NextEra Energy vs. Duke Energy: Which Dividend Utility Wins the AI Power Boom?
• Negative Sentiment: Faith leaders and community advocates urged Virginia’s State Corporation Commission to reject the Dominion acquisition, arguing it could put corporate profits ahead of families and local communities. Their opposition underscores political and regulatory risk for the proposed deal. Faith Leaders Urge SCC to Reject Dominion-NextEra Merger

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NEE. Mizuho lowered their target price on shares of NextEra Energy from $95.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, October 6th. Jefferies Financial Group reiterated a “hold” rating on shares of NextEra Energy in a report on Thursday, October 8th. Wells Fargo & Company raised shares of NextEra Energy to a “strong-buy” rating in a research report on Monday, October 12th. Barclays decreased their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “equal weight” rating for the company in a research note on Friday, October 23rd. Finally, Piper Sandler set a $88.00 target price on NextEra Energy in a research report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $97.80.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $88.27 on Friday. The stock’s fifty day moving average is $80.43 and its two-hundred day moving average is $87.25. The company has a market capitalization of $185.12 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60. The company has a quick ratio of 0.45, a current ratio of 0.53 and a debt-to-equity ratio of 1.33. NextEra Energy, Inc. has a 52 week low of $74.41 and a 52 week high of $98.75.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.04. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. The business had revenue of $8.09 billion during the quarter, compared to the consensus estimate of $8.47 billion. During the same period last year, the company earned $1.13 earnings per share. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 27th will be paid a $0.6232 dividend. This represents a $2.49 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, November 27th. NextEra Energy’s dividend payout ratio (DPR) is currently 44.86%.

NextEra Energy Company Profile

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy’s principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.