Destination Wealth Management Purchases 9,359 Shares of NextEra Energy, Inc. $NEE

Destination Wealth Management increased its position in NextEra Energy, Inc. (NYSE:NEE) by 228.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,461 shares of the utilities provider’s stock after acquiring an additional 9,359 shares during the quarter. Destination Wealth Management’s holdings in NextEra Energy were worth $1,081,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Eventide Asset Management LLC boosted its stake in NextEra Energy by 608.3% in the 4th quarter. Eventide Asset Management LLC now owns 100,245 shares of the utilities provider’s stock worth $8,058,000 after purchasing an additional 86,093 shares in the last quarter. Evelyn Partners Investment Management Europe Ltd boosted its stake in NextEra Energy by 34.4% in the 4th quarter. Evelyn Partners Investment Management Europe Ltd now owns 1,464 shares of the utilities provider’s stock worth $118,000 after purchasing an additional 375 shares in the last quarter. Evelyn Partners Investment Management LLP boosted its stake in NextEra Energy by 14.8% in the 4th quarter. Evelyn Partners Investment Management LLP now owns 405,615 shares of the utilities provider’s stock worth $32,563,000 after purchasing an additional 52,230 shares in the last quarter. Bard Associates Inc. boosted its stake in NextEra Energy by 34.6% in the 4th quarter. Bard Associates Inc. now owns 77,714 shares of the utilities provider’s stock worth $6,239,000 after purchasing an additional 19,964 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. bought a new position in NextEra Energy in the 4th quarter worth about $13,110,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE opened at $85.92 on Monday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54. The stock has a market capitalization of $179.18 billion, a P/E ratio of 21.86, a P/E/G ratio of 2.52 and a beta of 0.68. The company’s 50-day simple moving average is $90.94 and its two-hundred day simple moving average is $88.27. NextEra Energy, Inc. has a 52-week low of $67.20 and a 52-week high of $98.75.

NextEra Energy (NYSE:NEE) last posted its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.06. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.43 billion. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.6232 per share. The ex-dividend date is Friday, June 5th. This represents a $2.49 annualized dividend and a yield of 2.9%. NextEra Energy’s dividend payout ratio is currently 63.36%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Wells Fargo & Company set a $102.00 price target on shares of NextEra Energy and gave the stock an “overweight” rating in a research note on Friday, April 24th. BMO Capital Markets dropped their price target on shares of NextEra Energy from $104.00 to $102.00 and set an “outperform” rating on the stock in a research note on Monday, May 18th. UBS Group upped their price target on shares of NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Finally, Barclays set a $90.00 target price on shares of NextEra Energy and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.20.

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.