Timothy G. Youngquist 2020 Irrevocable Trust Has $1.73 Million Holdings in NextEra Energy, Inc. $NEE

Timothy G. Youngquist 2020 Irrevocable Trust raised its position in NextEra Energy, Inc. (NYSE:NEE) by 2,592.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 19,760 shares of the utilities provider’s stock after purchasing an additional 19,026 shares during the period. NextEra Energy makes up 0.3% of Timothy G. Youngquist 2020 Irrevocable Trust’s investment portfolio, making the stock its 28th biggest holding. Timothy G. Youngquist 2020 Irrevocable Trust’s holdings in NextEra Energy were worth $1,734,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $2,816,327,000. Employees Provident Fund Board acquired a new position in shares of NextEra Energy during the 4th quarter worth about $240,840,000. Amundi increased its position in NextEra Energy by 16.7% during the third quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock worth $1,012,129,000 after buying an additional 1,780,881 shares during the last quarter. Caisse de depot et placement du Quebec increased its holdings in shares of NextEra Energy by 64.4% during the 4th quarter. Caisse de depot et placement du Quebec now owns 3,715,931 shares of the utilities provider’s stock worth $298,315,000 after acquiring an additional 1,456,185 shares during the last quarter. Finally, DJE Kapital AG increased its holdings in shares of NextEra Energy by 285.7% in the first quarter. DJE Kapital AG now owns 1,800,015 shares of the utilities provider’s stock valued at $165,313,000 after purchasing an additional 1,333,332 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NEE has been the topic of a number of recent research reports. Jefferies Financial Group set a $94.00 target price on NextEra Energy in a research note on Tuesday, July 14th. Mizuho set a $95.00 target price on shares of NextEra Energy in a research report on Monday, July 27th. Barclays set a $91.00 target price on NextEra Energy and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. raised their target price on NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, Morgan Stanley set a $114.00 price target on NextEra Energy and gave the stock an “overweight” rating in a report on Friday, August 21st. Seventeen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.33.

NextEra Energy Price Performance

Shares of NEE opened at $83.51 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. The stock has a market cap of $174.18 billion, a PE ratio of 18.77, a PEG ratio of 2.30 and a beta of 0.67. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75. The business has a 50-day simple moving average of $87.05 and a two-hundred day simple moving average of $89.75.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The firm had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period last year, the firm posted $1.05 earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s payout ratio is presently 55.96%.

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.