State of Michigan Retirement System Trims Stock Holdings in NextEra Energy, Inc. $NEE

State of Michigan Retirement System lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 533,898 shares of the utilities provider’s stock after selling 10,100 shares during the quarter. State of Michigan Retirement System’s holdings in NextEra Energy were worth $46,860,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in NextEra Energy in the 4th quarter valued at approximately $2,816,327,000. Employees Provident Fund Board acquired a new position in NextEra Energy during the fourth quarter worth $240,840,000. Pictet Asset Management Holding SA boosted its position in shares of NextEra Energy by 47.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock worth $742,913,000 after buying an additional 2,972,924 shares during the period. Vanguard Group Inc. boosted its position in shares of NextEra Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock worth $17,343,185,000 after buying an additional 2,234,176 shares during the period. Finally, Amundi grew its stake in shares of NextEra Energy by 16.7% in the third quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock valued at $1,012,129,000 after buying an additional 1,780,881 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 1.6%

Shares of NYSE NEE opened at $83.71 on Friday. The stock has a market cap of $174.60 billion, a P/E ratio of 18.81, a PEG ratio of 2.33 and a beta of 0.67. The business’s fifty day simple moving average is $87.22 and its 200-day simple moving average is $89.88. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75. 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 (NYSE:NEE) last released its earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The firm had revenue of $7.53 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the previous year, the firm posted $1.05 EPS. NextEra Energy’s revenue for the quarter was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, equities analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be paid a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, August 28th. NextEra Energy’s dividend payout ratio is presently 55.96%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NEE. Evercore reiterated an “outperform” rating and issued a $107.00 price objective on shares of NextEra Energy in a report on Monday, May 4th. BTIG Research reaffirmed a “buy” rating and issued a $112.00 target price on shares of NextEra Energy in a research report on Friday, April 24th. Wall Street Zen downgraded NextEra Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Finally, Wells Fargo & Company set a $102.00 price target on shares of NextEra Energy and gave the stock an “overweight” rating in a research report on Friday, April 24th. Seventeen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $100.33.

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.