MSH Capital Advisors LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,266 shares of the utilities provider’s stock, valued at approximately $1,164,000.
A number of other hedge funds have also recently bought and sold shares of the company. Walker Asset Management LLC lifted its stake in shares of NextEra Energy by 2.2% during the first quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider’s stock valued at $465,000 after acquiring an additional 107 shares during the period. PUREfi Wealth LLC boosted its holdings in NextEra Energy by 0.9% in the first quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider’s stock valued at $1,170,000 after acquiring an additional 107 shares during the last quarter. Garrison Point Advisors LLC increased its position in NextEra Energy by 0.4% in the fourth quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider’s stock worth $2,269,000 after purchasing an additional 109 shares during the period. Cornerstone Planning Group LLC increased its position in NextEra Energy by 12.8% in the first quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider’s stock worth $94,000 after purchasing an additional 111 shares during the period. Finally, Legacy Wealth Managment LLC ID raised its holdings in NextEra Energy by 23.2% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider’s stock worth $55,000 after purchasing an additional 112 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of NextEra Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 22nd. Morgan Stanley set a $114.00 price target on shares of NextEra Energy and gave the stock an “overweight” rating in a research note on Friday, August 21st. BMO Capital Markets increased their price objective on shares of NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, July 27th. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Finally, Jefferies Financial Group set a $94.00 target price on shares of NextEra Energy in a report on Tuesday, July 14th. Seventeen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $100.33.
NextEra Energy Stock Down 2.1%
NextEra Energy stock opened at $81.74 on Friday. The firm has a market capitalization of $170.49 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.28 and a beta of 0.67. The company’s 50 day simple moving average is $86.95 and its 200 day simple moving average is $89.70. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. NextEra Energy, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $98.75.
NextEra Energy (NYSE:NEE – Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The company had revenue of $7.53 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period last year, the firm posted $1.05 earnings per share. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current 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. The ex-dividend date is Friday, August 28th. This represents a $2.49 annualized dividend and a yield of 3.0%. NextEra Energy’s payout ratio is currently 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.
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