SVB Wealth LLC Sells 11,476 Shares of NextEra Energy, Inc. $NEE

SVB Wealth LLC reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.9% in the first quarter, HoldingsChannel.com reports. The fund owned 70,980 shares of the utilities provider’s stock after selling 11,476 shares during the quarter. SVB Wealth LLC’s holdings in NextEra Energy were worth $6,593,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC bought a new stake in shares of NextEra Energy during the 4th quarter valued at about $25,000. Anfield Capital Management LLC increased its holdings in NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 270 shares in the last quarter. Wealth Watch Advisors INC lifted its stake in NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after buying an additional 226 shares during the period. Osbon Capital Management LLC bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $27,000. Finally, Strive Asset Management LLC bought a new position in shares of NextEra Energy during the 3rd quarter worth approximately $29,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Down 0.8%

NYSE NEE opened at $86.05 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41. NextEra Energy, Inc. has a 52 week low of $67.20 and a 52 week high of $98.75. The business has a 50 day moving average price of $90.07 and a 200-day moving average price of $88.31. The company has a market cap of $179.45 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 2.54 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same period last year, the business earned $0.99 EPS. NextEra Energy’s quarterly revenue was up 7.3% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, equities analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were paid a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, June 5th. NextEra Energy’s dividend payout ratio (DPR) is 63.36%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NEE shares. Barclays set a $90.00 price objective on shares of NextEra Energy and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Evercore reissued an “outperform” rating and set a $107.00 target price on shares of NextEra Energy in a research note on Monday, May 4th. TD Cowen raised their price target on shares of NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, April 27th. BTIG Research reaffirmed a “buy” rating and issued a $112.00 price target on shares of NextEra Energy in a research note on Friday, April 24th. Finally, Jefferies Financial Group upped their price objective on shares of NextEra Energy from $92.00 to $93.00 and gave the company a “hold” rating in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $99.57.

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.