Cullen Capital Management LLC Sells 35,053 Shares of NextEra Energy, Inc. $NEE

Cullen Capital Management LLC cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,460,053 shares of the utilities provider’s stock after selling 35,053 shares during the period. NextEra Energy makes up about 2.2% of Cullen Capital Management LLC’s investment portfolio, making the stock its 17th biggest holding. Cullen Capital Management LLC’s holdings in NextEra Energy were worth $197,493,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Korea Investment CORP lifted its position in NextEra Energy by 26.7% in the fourth quarter. Korea Investment CORP now owns 1,551,090 shares of the utilities provider’s stock worth $124,522,000 after buying an additional 326,783 shares during the last quarter. Banco Santander S.A. lifted its position in NextEra Energy by 27.8% in the fourth quarter. Banco Santander S.A. now owns 268,130 shares of the utilities provider’s stock worth $21,525,000 after buying an additional 58,403 shares during the last quarter. Cohen & Steers Inc. increased its stake in NextEra Energy by 3.8% in the fourth quarter. Cohen & Steers Inc. now owns 7,436,767 shares of the utilities provider’s stock worth $597,024,000 after purchasing an additional 273,530 shares during the period. Sumitomo Life Insurance Co. increased its stake in NextEra Energy by 15.9% in the fourth quarter. Sumitomo Life Insurance Co. now owns 149,957 shares of the utilities provider’s stock worth $12,039,000 after purchasing an additional 20,623 shares during the period. Finally, Tudor Financial Inc. increased its stake in NextEra Energy by 2.2% in the fourth quarter. Tudor Financial Inc. now owns 7,670 shares of the utilities provider’s stock worth $616,000 after purchasing an additional 165 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. TD Cowen increased their target price on NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. DA Davidson increased their target price on NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Scotiabank increased their target price 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. HSBC increased their target price on NextEra Energy from $103.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Finally, Morgan Stanley set a $111.00 target price on NextEra Energy in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.20.

NextEra Energy Stock Performance

NEE stock opened at $85.92 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41. The business’s fifty day simple moving average is $90.94 and its two-hundred day simple moving average is $88.24. NextEra Energy, Inc. has a twelve month low of $67.20 and a twelve month high of $98.75. The firm has a market cap of $179.18 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 2.49 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. The business had revenue of $6.70 billion for 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%.The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.6232 per share. The ex-dividend date is 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%.

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.