UNIVEST FINANCIAL Corp Reduces Stock Holdings in NextEra Energy, Inc. $NEE

UNIVEST FINANCIAL Corp cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 337,401 shares of the utilities provider’s stock after selling 18,495 shares during the period. NextEra Energy makes up approximately 1.8% of UNIVEST FINANCIAL Corp’s holdings, making the stock its 13th biggest holding. UNIVEST FINANCIAL Corp’s holdings in NextEra Energy were worth $31,338,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Anfield Capital Management LLC boosted its stake in shares of NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 270 shares during the period. Laurel Wealth Advisors LLC purchased a new stake in NextEra Energy during the 4th quarter worth $25,000. Financial Life Planners acquired a new position in NextEra Energy in the 1st quarter worth $30,000. Wealth Watch Advisors INC lifted its holdings in NextEra Energy by 223.8% in the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after buying an additional 226 shares in the last quarter. Finally, Manning & Napier Advisors LLC boosted its position in NextEra Energy by 104.9% in the 1st quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider’s stock valued at $31,000 after buying an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. HSBC raised their target price on NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Wall Street Zen raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Sunday. Morgan Stanley lifted their price objective on NextEra Energy from $111.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Evercore reaffirmed an “outperform” rating and issued a $107.00 target price on shares of NextEra Energy in a research report on Monday, May 4th. Finally, Erste Group Bank cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $99.90.

NextEra Energy Stock Up 0.9%

Shares of NEE stock traded up $0.79 during trading hours on Friday, hitting $87.89. 11,222,744 shares of the company were exchanged, compared to its average volume of 11,218,148. The stock has a market capitalization of $183.27 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 2.58 and a beta of 0.67. NextEra Energy, Inc. has a one year low of $69.24 and a one year high of $98.75. The business’s 50-day simple moving average is $88.56 and its two-hundred day simple moving average is $88.87. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.06. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.43 billion. During the same period in the previous year, the company earned $0.99 earnings per share. NextEra Energy’s quarterly revenue was up 7.3% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Sell-side analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were issued a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, June 5th. NextEra Energy’s payout ratio is 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.