SVB Wealth LLC Sells 11,476 Shares of NextEra Energy, Inc. $NEE

SVB Wealth LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,980 shares of the utilities provider’s stock after selling 11,476 shares during the quarter. SVB Wealth LLC’s holdings in NextEra Energy were worth $6,593,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NEE. Anfield Capital Management LLC boosted its holdings in NextEra Energy by 692.3% during the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 270 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new stake in NextEra Energy in the 4th quarter valued at $25,000. Wealth Watch Advisors INC lifted its position in NextEra Energy by 223.8% during the 4th 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. Osbon Capital Management LLC bought a new stake in NextEra Energy during the 4th quarter worth about $27,000. Finally, Quest 10 Wealth Builders Inc. boosted its stake in shares of NextEra Energy by 135.4% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 379 shares of the utilities provider’s stock worth $30,000 after buying an additional 218 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

NextEra Energy stock opened at $86.05 on Tuesday. The stock has a market cap of $179.45 billion, a PE ratio of 21.90, a P/E/G ratio of 2.54 and a beta of 0.68. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41. The business’s 50-day moving average price is $90.07 and its two-hundred day moving average price is $88.31. NextEra Energy, Inc. has a 12-month low of $67.20 and a 12-month high of $98.75.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.06. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same quarter last year, the business posted $0.99 EPS. NextEra Energy’s revenue for the quarter was up 7.3% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were issued a dividend of $0.6232 per share. The ex-dividend date was Friday, June 5th. This represents a $2.49 annualized dividend and a yield of 2.9%. NextEra Energy’s dividend payout ratio (DPR) is presently 63.36%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several analyst reports. Sanford C. Bernstein set a $107.00 price objective on NextEra Energy and gave the company an “outperform” rating in a report on Tuesday, June 16th. BTIG Research restated a “buy” rating and issued a $112.00 price target on shares of NextEra Energy in a research note on Friday, April 24th. Evercore reaffirmed an “outperform” rating and issued a $107.00 price objective on shares of NextEra Energy in a report on Monday, May 4th. Mizuho increased their price objective on NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Finally, BMO Capital Markets decreased their price target on shares of NextEra Energy from $104.00 to $102.00 and set an “outperform” rating on the stock in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $99.57.

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.