PensionDanmark Pensionsforsikringsaktieselskab cut its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 75.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,102 shares of the utilities provider’s stock after selling 255,976 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in NextEra Energy were worth $7,382,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new position in shares of NextEra Energy during the fourth quarter valued at approximately $25,000. Anfield Capital Management LLC lifted its stake in shares of NextEra Energy by 692.3% during the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 270 shares during the last quarter. Wealth Watch Advisors INC boosted its holdings in NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 226 shares during the period. Osbon Capital Management LLC purchased a new position in NextEra Energy during the 4th quarter valued at $27,000. Finally, Strive Asset Management LLC bought a new position in NextEra Energy in the 3rd quarter valued at $29,000. 78.72% of the stock is currently owned by institutional investors.
NextEra Energy Trading Up 0.2%
NEE opened at $84.74 on Friday. The stock’s fifty day moving average is $87.12 and its two-hundred day moving average is $89.90. The company has a market capitalization of $176.75 billion, a P/E ratio of 19.04, a PEG ratio of 2.32 and a beta of 0.67. NextEra Energy, Inc. has a 52 week low of $69.24 and a 52 week high of $98.75. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45.
NextEra Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be paid a $0.6232 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. NextEra Energy’s dividend payout ratio is 55.96%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on NEE. Wells Fargo & Company set a $102.00 target price on NextEra Energy and gave the stock an “overweight” rating in a research note on Friday, April 24th. Sanford C. Bernstein reissued an “outperform” rating and set a $108.00 target price on shares of NextEra Energy in a research note on Monday, July 27th. Erste Group Bank cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. 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, Mizuho set a $95.00 price objective on shares of NextEra Energy in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $99.36.
Get Our Latest Stock Report on NextEra Energy
Key NextEra Energy News
Here are the key news stories impacting NextEra Energy this week:
- Positive Sentiment: The proposed Dominion acquisition could significantly expand NextEra’s regulated utility footprint and create the world’s largest regulated electric utility. The combination may also improve access to growing electricity demand from data centers, artificial intelligence and other large-load customers. Can NextEra Energy Reshape the Grid Through a Landmark Combination?
- Positive Sentiment: Broader power-demand trends remain a potential long-term catalyst. Research cited in coverage says SpaceX’s expanding computing capacity could benefit power and grid companies, while NextEra’s renewable generation and utility infrastructure could position it to capture growth in data-center electricity consumption. SpaceX’s Need for Power Is a Clear Positive for These Companies
- Neutral Sentiment: Virginia Gov. Abigail Spanberger plans to formally intervene before the State Corporation Commission. Her participation allows the administration to request discovery, submit expert testimony and advocate for conditions affecting customers, but it does not by itself determine whether the merger will be approved. Spanberger Intervenes in Case to Decide Fate of Dominion-NextEra Merger
- Negative Sentiment: Spanberger is skeptical of the deal because of concerns about rising electricity bills and whether customers would benefit. Her intervention adds political and regulatory opposition, increasing the risk of delays, tougher merger conditions, higher transaction costs or failure to complete the acquisition. Virginia Governor to Intervene in NextEra-Dominion Merger Over Electricity Price Concerns
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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