Gerald Baker Financial Group LLC bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) during the 1st quarter, HoldingsChannel reports. The firm bought 6,782 shares of the utilities provider’s stock, valued at approximately $630,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Anfield Capital Management LLC boosted its position in shares of NextEra Energy by 692.3% during the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after buying an additional 270 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new position in NextEra Energy in the 4th quarter worth about $25,000. Financial Life Planners bought a new position in NextEra Energy during the 1st quarter valued at about $30,000. Wealth Watch Advisors INC boosted its holdings in shares of NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 226 shares during the last quarter. Finally, Manning & Napier Advisors LLC boosted its holdings in shares of NextEra Energy by 104.9% during the 1st quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 172 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.
NextEra Energy Stock Up 0.2%
Shares of NEE stock opened at $89.32 on Friday. 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, Inc. has a 12 month low of $69.24 and a 12 month high of $98.75. The stock has a market cap of $186.27 billion, a P/E ratio of 22.73, a P/E/G ratio of 2.44 and a beta of 0.67. The company has a 50 day simple moving average of $88.03 and a two-hundred day simple moving average of $89.18.
NextEra Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were given 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 2.8%. NextEra Energy’s payout ratio is 63.36%.
Analyst Ratings Changes
Several research firms have recently weighed in on NEE. Erste Group Bank cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Wells Fargo & Company set a $102.00 target price on shares of NextEra Energy and gave the stock an “overweight” rating in a report on Friday, April 24th. Sanford C. Bernstein set a $107.00 target price on shares of NextEra Energy and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. Mizuho boosted their target price on shares of NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Finally, Barclays set a $91.00 price target on NextEra Energy and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $99.64.
Read Our Latest Research Report on NextEra Energy
Key Headlines Impacting NextEra Energy
Here are the key news stories impacting NextEra Energy this week:
- Positive Sentiment: NextEra and Dominion filed regulatory applications to combine, creating what could become the largest regulated electric utility in the U.S. The deal would expand NextEra’s scale across fast-growing Southeastern markets and could add long-term earnings power if approved. NextEra Energy and Dominion Energy file to combine, building a stronger company to meet growing power demand across four of America’s fastest-growing states while keeping energy affordable and reliable
- Positive Sentiment: Analyst coverage highlighted NextEra’s growing battery-storage portfolio as a support for grid reliability, renewable integration and future growth, reinforcing the company’s clean-energy leadership. Can NextEra’s Battery Storage Boost the Clean Energy Transition?
- Positive Sentiment: Earlier reporting also noted that the stock had outperformed recently, suggesting investors are responding favorably to the company’s growth outlook and strategic positioning. NextEra Energy (NEE) Laps the Stock Market: Here’s Why
- Neutral Sentiment: The proposed Dominion merger includes $2.25 billion in bill credits for customers and is not expected to close until the second half of 2027, so investors may be waiting for regulatory clarity before assigning full value to the transaction. NextEra Energy (NEE) Files For Dominion Merger With $2.25 Billion In Bill Credits
- Neutral Sentiment: Coverage comparing NextEra with Consolidated Edison and other dividend-oriented utility names underscores NEE’s status as a stable income stock, but does not appear to be a major near-term catalyst. Critical Survey: Consolidated Edison (NYSE:ED) & NextEra Energy (NYSE:NEE)
NextEra Energy Company 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.
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