Clearbridge Investments LLC Sells 2,300,564 Shares of NextEra Energy, Inc. $NEE

Clearbridge Investments LLC reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 34.3% in the 4th quarter, HoldingsChannel reports. The firm owned 4,407,007 shares of the utilities provider’s stock after selling 2,300,564 shares during the period. Clearbridge Investments LLC’s holdings in NextEra Energy were worth $353,795,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new position in NextEra Energy during the 4th quarter valued at about $25,000. Anfield Capital Management LLC increased its position in 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 acquiring an additional 270 shares in the last quarter. Strive Asset Management LLC acquired a new stake in NextEra Energy in the 3rd quarter valued at about $29,000. Quest 10 Wealth Builders Inc. increased its position in NextEra Energy by 135.4% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 379 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 218 shares in the last quarter. Finally, Joseph Group Capital Management acquired a new stake in NextEra Energy in the 4th quarter valued at about $32,000. 78.72% of the stock is owned by institutional investors.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,934 shares of NextEra Energy stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $93.00, for a total transaction of $458,862.00. Following the completion of the sale, the executive vice president owned 16,905 shares in the company, valued at $1,572,165. The trade was a 22.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Treasurer James Michael May sold 7,161 shares of NextEra Energy stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction of $646,423.47. Following the transaction, the treasurer directly owned 26,719 shares in the company, valued at $2,411,924.13. The trade was a 21.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 31,767 shares of company stock worth $2,881,077 in the last quarter. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on NEE. Jefferies Financial Group raised their price objective on shares of NextEra Energy from $92.00 to $93.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. TD Cowen raised their price objective on shares of NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Scotiabank raised their price objective on shares of NextEra Energy from $102.00 to $110.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Finally, BTIG Research restated a “buy” rating and issued a $112.00 price objective on shares of NextEra Energy in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $99.20.

NextEra Energy Stock Up 0.2%

Shares of NYSE:NEE opened at $85.86 on Friday. NextEra Energy, Inc. has a one year low of $67.20 and a one year high of $98.75. The company has a 50 day moving average of $91.66 and a 200-day moving average of $88.22. 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 cap of $179.05 billion, a price-to-earnings ratio of 21.85, a P/E/G ratio of 2.52 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.03 by $0.06. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.43 billion. During the same quarter in the previous year, the company earned $0.99 EPS. NextEra Energy’s revenue was up 7.3% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be given a dividend of $0.6232 per share. The ex-dividend date is Friday, June 5th. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. NextEra Energy’s payout ratio is currently 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.