71 West Capital Partners Takes $698,000 Position in NextEra Energy, Inc. $NEE

71 West Capital Partners acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, HoldingsChannel reports. The fund acquired 8,699 shares of the utilities provider’s stock, valued at approximately $698,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Faithward Advisors LLC raised its stake in shares of NextEra Energy by 8.1% during the fourth quarter. Faithward Advisors LLC now owns 16,703 shares of the utilities provider’s stock valued at $1,341,000 after acquiring an additional 1,250 shares during the last quarter. University of Texas Texas AM Investment Management Co. raised its stake in shares of NextEra Energy by 595.3% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 28,409 shares of the utilities provider’s stock valued at $2,281,000 after acquiring an additional 24,323 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of NextEra Energy during the fourth quarter valued at about $8,775,000. OMERS ADMINISTRATION Corp raised its stake in shares of NextEra Energy by 0.9% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 77,505 shares of the utilities provider’s stock valued at $6,222,000 after acquiring an additional 710 shares during the last quarter. Finally, Tobias Financial Advisors Inc. raised its stake in shares of NextEra Energy by 37.9% during the fourth quarter. Tobias Financial Advisors Inc. now owns 4,825 shares of the utilities provider’s stock valued at $387,000 after acquiring an additional 1,325 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NEE has been the subject of several recent analyst reports. HSBC upped their price objective on shares of NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings downgraded shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. JPMorgan Chase & Co. increased 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. Evercore reissued an “outperform” rating and issued a $107.00 price target on shares of NextEra Energy in a research note on Monday, May 4th. Finally, BTIG Research reissued a “buy” rating and issued a $112.00 price target on shares of NextEra Energy in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.20.

NextEra Energy Price Performance

NEE stock opened at $86.12 on Tuesday. NextEra Energy, Inc. has a 1 year low of $67.20 and a 1 year high of $98.75. The company has a market cap of $179.59 billion, a P/E ratio of 21.91, a PEG ratio of 2.52 and a beta of 0.68. The firm has a 50-day moving average of $90.80 and a 200 day moving average of $88.28. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.43 billion. During the same period in the prior year, the firm earned $0.99 earnings per share. NextEra Energy’s revenue was up 7.3% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were paid a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, June 5th. 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.