Osprey Private Wealth LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 77.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,045 shares of the utilities provider’s stock after buying an additional 10,045 shares during the period. Osprey Private Wealth LLC’s holdings in NextEra Energy were worth $2,140,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in NEE. Laurel Wealth Advisors LLC purchased a new position in NextEra Energy during the fourth quarter valued at approximately $25,000. Anfield Capital Management LLC raised its position in shares of NextEra Energy by 692.3% during the 4th 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 during the period. Wealth Watch Advisors INC raised its position in shares of NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 226 shares during the period. Osbon Capital Management LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at $27,000. Finally, Strive Asset Management LLC purchased a new position in shares of NextEra Energy during the 3rd quarter valued at $29,000. 78.72% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have issued reports on NEE shares. Wall Street Zen lowered NextEra Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Wells Fargo & Company set a $102.00 price objective on NextEra Energy and gave the company an “overweight” rating in a research report on Friday, April 24th. Mizuho increased their target price on NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. BMO Capital Markets decreased their target price on NextEra Energy from $104.00 to $102.00 and set an “outperform” rating on the stock in a research note on Monday, May 18th. Finally, Morgan Stanley boosted their price target on NextEra Energy from $111.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $99.90.
NextEra Energy Price Performance
Shares of NYSE NEE traded up $0.79 during midday trading on Friday, reaching $87.89. 11,222,744 shares of the stock traded hands, compared to its average volume of 11,218,148. The company’s 50 day moving average is $88.56 and its 200 day moving average is $88.87. NextEra Energy, Inc. has a one year low of $69.24 and a one year high of $98.75. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44. The stock has a market capitalization of $183.27 billion, a PE ratio of 22.36, a P/E/G ratio of 2.55 and a beta of 0.67.
NextEra Energy (NYSE:NEE – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. The business had revenue of $6.70 billion during 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 was up 7.3% on a year-over-year basis. During the same period last year, the company posted $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 business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were paid a $0.6232 dividend. This represents a $2.49 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, June 5th. NextEra Energy’s dividend payout ratio (DPR) is presently 63.36%.
About NextEra Energy
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.
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