Confluence Wealth Services Inc. Buys 7,983 Shares of NextEra Energy, Inc. $NEE

Confluence Wealth Services Inc. lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 16.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 56,639 shares of the utilities provider’s stock after buying an additional 7,983 shares during the period. Confluence Wealth Services Inc.’s holdings in NextEra Energy were worth $4,971,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Asset Advisors Investment Management LLC boosted its holdings in shares of NextEra Energy by 10.9% during the 2nd quarter. Asset Advisors Investment Management LLC now owns 72,157 shares of the utilities provider’s stock valued at $6,333,000 after acquiring an additional 7,119 shares during the last quarter. Entelevest LLC grew its holdings in shares of NextEra Energy by 8.8% in the second quarter. Entelevest LLC now owns 2,686 shares of the utilities provider’s stock worth $236,000 after acquiring an additional 217 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in NextEra Energy by 12.4% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 481,284 shares of the utilities provider’s stock valued at $42,242,000 after acquiring an additional 53,220 shares during the period. Praxis Capital Management LLC bought a new stake in shares of NextEra Energy during the 2nd quarter valued at about $246,000. Finally, Herold Advisors Inc. lifted its stake in shares of NextEra Energy by 1.3% in the 2nd quarter. Herold Advisors Inc. now owns 27,346 shares of the utilities provider’s stock worth $2,402,000 after purchasing an additional 356 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 0.2%

NEE stock opened at $86.18 on Friday. The firm has a fifty day moving average price of $87.17 and a 200 day moving average price of $89.95. NextEra Energy, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $98.75. The firm has a market cap of $179.75 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 2.35 and a beta of 0.67. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.11 by $0.04. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The business had revenue of $7.53 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter last year, the business earned $1.05 earnings per share. NextEra Energy’s quarterly revenue was up 12.4% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Sell-side analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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 issued a $0.6232 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. NextEra Energy’s dividend payout ratio (DPR) is presently 55.96%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. HSBC raised their target price on NextEra Energy from $103.00 to $106.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. HC Wainwright restated a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Sanford C. Bernstein reissued an “outperform” rating and issued a $108.00 price objective on shares of NextEra Energy in a research note on Monday, July 27th. Wells Fargo & Company set a $102.00 target price on shares of NextEra Energy and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, Barclays set a $91.00 price target on NextEra Energy and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $99.36.

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.