Electron Capital Partners LLC Cuts Position in NextEra Energy, Inc. $NEE

Electron Capital Partners LLC trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,767,427 shares of the utilities provider’s stock after selling 199,781 shares during the quarter. NextEra Energy accounts for approximately 6.6% of Electron Capital Partners LLC’s investment portfolio, making the stock its 4th biggest holding. Electron Capital Partners LLC’s holdings in NextEra Energy were worth $141,889,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock worth $17,343,185,000 after buying an additional 2,234,176 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of NextEra Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider’s stock worth $3,781,790,000 after purchasing an additional 966,152 shares in the last quarter. Norges Bank bought a new position in shares of NextEra Energy in the 4th quarter worth $2,816,327,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of NextEra Energy by 6.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider’s stock worth $1,474,407,000 after purchasing an additional 1,136,074 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of NextEra Energy by 2.9% in the 4th quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider’s stock worth $1,387,347,000 after purchasing an additional 485,854 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Scotiabank increased their target price on NextEra Energy from $102.00 to $110.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Morgan Stanley set a $111.00 target price on NextEra Energy in a report on Thursday, May 21st. DA Davidson increased their target price on NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. UBS Group increased their target price on NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, Sanford C. Bernstein set a $107.00 target price on NextEra Energy and gave the stock an “outperform” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $99.57.

NextEra Energy Trading Down 0.6%

NYSE NEE opened at $85.73 on Thursday. The firm has a market capitalization of $178.78 billion, a P/E ratio of 21.82, a PEG ratio of 2.53 and a beta of 0.68. The business has a fifty day simple moving average of $90.52 and a 200 day simple moving average of $88.28. NextEra Energy, Inc. has a 12 month low of $67.20 and a 12 month high of $98.75. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.06. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.43 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.NextEra Energy’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were given a dividend of $0.6232 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. NextEra Energy’s dividend payout ratio (DPR) 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.