Vestcor Inc Grows Stock Holdings in NextEra Energy, Inc. $NEE

Vestcor Inc increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 124.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 165,308 shares of the utilities provider’s stock after acquiring an additional 91,700 shares during the period. Vestcor Inc’s holdings in NextEra Energy were worth $13,271,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wedbush Securities Inc. boosted its stake in NextEra Energy by 24.8% in the 3rd quarter. Wedbush Securities Inc. now owns 64,158 shares of the utilities provider’s stock worth $4,843,000 after buying an additional 12,738 shares during the last quarter. Varma Mutual Pension Insurance Co lifted its stake in shares of NextEra Energy by 5.0% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 326,193 shares of the utilities provider’s stock valued at $24,624,000 after purchasing an additional 15,600 shares in the last quarter. Indivisible Partners acquired a new position in shares of NextEra Energy in the 4th quarter valued at about $1,355,000. Oppenheimer & Co. Inc. lifted its stake in shares of NextEra Energy by 43.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 333,278 shares of the utilities provider’s stock valued at $25,159,000 after purchasing an additional 100,467 shares in the last quarter. Finally, First Long Island Investors LLC acquired a new position in shares of NextEra Energy in the 3rd quarter valued at about $14,198,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of several research analyst reports. UBS Group lifted their price objective on NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Morgan Stanley set a $111.00 price objective on NextEra Energy in a research note on Thursday, May 21st. Jefferies Financial Group lifted their price objective on NextEra Energy from $92.00 to $93.00 and gave the company a “hold” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings raised NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $99.20.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $85.86 on Friday. The company has a market cap of $179.05 billion, a P/E ratio of 21.85, a PEG ratio of 2.51 and a beta of 0.68. 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, Inc. has a one year low of $67.20 and a one year high of $98.75. The business’s 50-day simple moving average is $91.66 and its 200 day simple moving average is $88.22.

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

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be issued a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, June 5th. NextEra Energy’s dividend payout ratio (DPR) is presently 63.36%.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,934 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $93.00, for a total transaction of $458,862.00. Following the sale, the executive vice president directly owned 16,905 shares in the company, valued at approximately $1,572,165. This trade represents a 22.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $90.27, for a total value of $1,775,791.44. Following the sale, the executive vice president owned 73,857 shares in the company, valued at approximately $6,667,071.39. The trade was a 21.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 31,767 shares of company stock worth $2,881,077. 0.18% of the stock is currently owned by company insiders.

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.