NextEra Energy, Inc. $NEE Stock Position Decreased by Sanders Morris Harris LLC

Sanders Morris Harris LLC trimmed its stake in NextEra Energy, Inc. (NYSE:NEE) by 97.5% during the second quarter, HoldingsChannel.com reports. The fund owned 3,570 shares of the utilities provider’s stock after selling 140,140 shares during the period. Sanders Morris Harris LLC’s holdings in NextEra Energy were worth $313,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NEE. Brighton Jones LLC lifted its stake in NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after buying an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after acquiring an additional 298 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of NextEra Energy by 38.4% during the first quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock valued at $887,000 after acquiring an additional 3,479 shares during the period. Sivia Capital Partners LLC lifted its position in shares of NextEra Energy by 18.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock valued at $386,000 after acquiring an additional 852 shares in the last quarter. Finally, United Bank boosted its stake in NextEra Energy by 2.9% in the 2nd quarter. United Bank now owns 15,596 shares of the utilities provider’s stock worth $1,083,000 after purchasing an additional 444 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

NEE opened at $86.01 on Thursday. The stock has a fifty day moving average price of $87.22 and a 200 day moving average price of $89.93. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75. The stock has a market cap of $179.41 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 2.39 and a beta of 0.67.

NextEra Energy (NYSE:NEE) last posted 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. The company had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the business earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Analysts forecast that NextEra Energy, Inc. will post 4.01 EPS 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 given a $0.6232 dividend. This represents a $2.49 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s payout ratio is currently 55.96%.

Analysts Set New Price Targets

Several analysts have issued reports on NEE shares. JPMorgan Chase & Co. boosted their target price 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. BMO Capital Markets lifted their price target on NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, July 27th. TD Cowen upped their price target on NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, April 27th. HSBC increased their price objective 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, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $108.00 target price on shares of NextEra Energy in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.36.

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.