NewEdge Wealth LLC Invests $9.44 Million in NextEra Energy, Inc. $NEE

NewEdge Wealth LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 107,595 shares of the utilities provider’s stock, valued at approximately $9,444,000.

Other hedge funds also recently added to or reduced their stakes in the company. Dala Group LLC bought a new stake in NextEra Energy in the second quarter worth about $1,441,000. Catalyst Investment Management LLC purchased a new stake in shares of NextEra Energy in the second quarter worth approximately $287,000. Sound Financial Strategies Group LLC purchased a new stake in shares of NextEra Energy in the second quarter worth approximately $390,000. Chancellor Financial Group WB LP bought a new stake in shares of NextEra Energy during the 2nd quarter worth approximately $3,555,000. Finally, Great Lakes Advisors LLC purchased a new position in NextEra Energy during the 2nd quarter valued at $62,778,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on NEE. Weiss Ratings lowered NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Sanford C. Bernstein restated an “outperform” rating and issued a $108.00 price target on shares of NextEra Energy in a report on Monday, July 27th. Wall Street Zen downgraded shares of NextEra Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 22nd. Erste Group Bank lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, HC Wainwright restated a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Seventeen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $100.33.

NextEra Energy Stock Performance

NEE stock opened at $83.51 on Friday. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75. The business has a 50-day moving average price of $87.05 and a 200 day moving average price of $89.75. The company has a market capitalization of $174.18 billion, a P/E ratio of 18.77, a PEG ratio of 2.30 and a beta of 0.67. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter last year, the firm posted $1.05 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be paid 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 yield of 3.0%. NextEra Energy’s payout ratio is 55.96%.

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.