Income Insurance Ltd Acquires New Position in NextEra Energy, Inc. $NEE

Income Insurance Ltd acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 6,154 shares of the utilities provider’s stock, valued at approximately $494,000.

A number of other hedge funds also recently made changes to their positions in NEE. Brighton Jones LLC grew its stake in shares of NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after acquiring an additional 1,840 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after acquiring an additional 298 shares during the period. Acadian Asset Management LLC grew its stake in shares of NextEra Energy by 38.4% during the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock valued at $887,000 after acquiring an additional 3,479 shares during the period. Sivia Capital Partners LLC grew its stake in shares of NextEra Energy by 18.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock valued at $386,000 after acquiring an additional 852 shares during the period. Finally, United Bank grew its stake in shares of NextEra Energy by 2.9% during the 2nd quarter. United Bank now owns 15,596 shares of the utilities provider’s stock valued at $1,083,000 after acquiring an additional 444 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Down 0.3%

NEE stock opened at $93.01 on Friday. NextEra Energy, Inc. has a 1-year low of $63.88 and a 1-year high of $98.75. 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 company has a market capitalization of $193.97 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 2.73 and a beta of 0.73. The business has a 50 day simple moving average of $92.78 and a two-hundred day simple moving average of $87.40.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, topping 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 business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.43 billion. During the same period in the prior year, the company posted $0.99 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Research analysts anticipate that NextEra Energy, Inc. will post 4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were given a dividend of $0.6232 per share. The ex-dividend date was Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s dividend payout ratio is currently 63.36%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings upgraded NextEra Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. The Goldman Sachs Group upped their price target on NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. UBS Group upped their price target on NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Scotiabank upped their price target on NextEra Energy from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Finally, HSBC upped their price target on NextEra Energy from $103.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. One 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $98.70.

Insider Transactions at NextEra Energy

In other news, EVP Terrell Kirk Crews II sold 19,672 shares of the 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 $1,775,791.44. Following the completion of the transaction, the executive vice president directly owned 73,857 shares in the company, valued at approximately $6,667,071.39. This represents a 21.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nicole J. Daggs sold 4,934 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $93.00, for a total value of $458,862.00. Following the transaction, the executive vice president owned 16,905 shares of the company’s stock, valued at $1,572,165. This represents a 22.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 131,370 shares of company stock valued at $11,779,609 over the last quarter. 0.18% of the stock is owned by insiders.

NextEra Energy 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.