NextEra Energy, Inc. $NEE Shares Sold by Avity Investment Management Inc.

Avity Investment Management Inc. decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 1.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 491,345 shares of the utilities provider’s stock after selling 9,231 shares during the period. NextEra Energy comprises about 2.3% of Avity Investment Management Inc.’s investment portfolio, making the stock its 21st biggest holding. Avity Investment Management Inc.’s holdings in NextEra Energy were worth $37,214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wedmont Private Capital raised its stake in NextEra Energy by 27.9% during the 3rd quarter. Wedmont Private Capital now owns 32,452 shares of the utilities provider’s stock valued at $2,511,000 after purchasing an additional 7,087 shares during the period. Athena Wealth Management LLC boosted its position in shares of NextEra Energy by 2.7% in the third quarter. Athena Wealth Management LLC now owns 12,335 shares of the utilities provider’s stock worth $934,000 after buying an additional 322 shares during the period. Gouws Capital LLC grew its holdings in shares of NextEra Energy by 2.0% during the third quarter. Gouws Capital LLC now owns 86,479 shares of the utilities provider’s stock valued at $6,550,000 after buying an additional 1,710 shares in the last quarter. Brown Shipley& Co Ltd grew its holdings in shares of NextEra Energy by 0.8% during the third quarter. Brown Shipley& Co Ltd now owns 35,189 shares of the utilities provider’s stock valued at $2,665,000 after buying an additional 278 shares in the last quarter. Finally, Breakwater Capital Group raised its position in NextEra Energy by 5.8% during the third quarter. Breakwater Capital Group now owns 18,070 shares of the utilities provider’s stock valued at $1,369,000 after buying an additional 991 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Erste Group Bank lowered NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of NextEra Energy in a report on Tuesday, September 8th. Bank of America decreased their price target on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a report on Monday, July 13th. Scotiabank dropped their price objective on shares of NextEra Energy from $110.00 to $99.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 30th. Finally, Barclays set a $91.00 price target on shares of NextEra Energy and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Eighteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.95.

NextEra Energy Stock Performance

Shares of NEE stock traded down $0.03 during trading on Friday, reaching $77.34. The company had a trading volume of 6,615,089 shares, compared to its average volume of 10,798,997. NextEra Energy, Inc. has a one year low of $74.41 and a one year high of $98.75. The company has a market capitalization of $161.33 billion, a PE ratio of 17.38, a PEG ratio of 2.37 and a beta of 0.64. 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 firm’s 50 day simple moving average is $82.02 and its two-hundred day simple moving average is $87.12.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.04. The business 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 quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Sell-side analysts forecast that NextEra Energy, Inc. will post 4.04 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were given a $0.6232 dividend. This represents a $2.49 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, August 28th. NextEra Energy’s dividend payout ratio is currently 55.96%.

NextEra Energy Company Profile

NextEra Energy, Inc is an electric power and energy infrastructure company headquartered in Juno Beach, Florida. Through its principal subsidiary, Florida Power & Light Company (FPL), the company generates, transmits, distributes and sells electricity to customers across Florida. FPL serves residential, commercial and industrial customers and operates a diverse generation portfolio that includes natural gas, solar, nuclear and other resources.

NextEra Energy’s other major business, NextEra Energy Resources, develops, owns and operates energy projects in the United States and Canada.