Kelly Lawrence W & Associates Inc. CA Makes New Investment in NextEra Energy, Inc. $NEE

Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 20,180 shares of the utilities provider’s stock, valued at approximately $1,771,000.

Several other hedge funds have also modified their holdings of the stock. Kilter Group LLC purchased a new stake in NextEra Energy during the 2nd quarter worth about $25,000. Manning & Napier Advisors LLC purchased a new position in shares of NextEra Energy in the 2nd quarter valued at about $26,000. Anfield Capital Management LLC boosted its stake in shares of NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after buying an additional 270 shares during the period. Financial Life Planners acquired a new position in shares of NextEra Energy during the first quarter worth about $30,000. Finally, Wealth Watch Advisors INC grew its position in shares of NextEra Energy by 223.8% during the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after buying an additional 226 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NEE has been the topic of a number of recent research reports. Bank of America cut their target price on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a research note on Monday, July 13th. Weiss Ratings cut shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Morgan Stanley set a $114.00 price objective on shares of NextEra Energy and gave the company an “overweight” rating in a research report on Friday, August 21st. Wall Street Zen lowered shares of NextEra Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 22nd. Finally, Erste Group Bank cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Seventeen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $100.33.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $82.46 on Tuesday. NextEra Energy, Inc. has a 12 month low of $69.24 and a 12 month high of $98.75. The firm has a market capitalization of $172.00 billion, a P/E ratio of 18.53, a P/E/G ratio of 2.24 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. The company’s fifty day moving average price is $86.88 and its 200 day moving average price is $89.64.

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

NextEra Energy Announces Dividend

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

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.