UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 236,279 Shares of NextEra Energy, Inc. $NEE

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.8% in the fourth quarter, HoldingsChannel reports. The fund owned 13,071,037 shares of the utilities provider’s stock after selling 236,279 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in NextEra Energy were worth $1,049,343,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NEE. Norges Bank bought a new stake in shares of NextEra Energy in the fourth quarter valued at about $2,816,327,000. Pictet Asset Management Holding SA boosted its position in shares of NextEra Energy by 47.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock valued at $742,913,000 after acquiring an additional 2,972,924 shares during the period. Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of NextEra Energy in the third quarter valued at about $177,198,000. Vanguard Group Inc. boosted its position in shares of NextEra Energy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock valued at $17,343,185,000 after acquiring an additional 2,234,176 shares during the period. Finally, Amundi boosted its position 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 acquiring an additional 1,780,881 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.3%

Shares of NYSE NEE opened at $85.92 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41. The company has a market cap of $179.18 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 2.49 and a beta of 0.68. NextEra Energy, Inc. has a 12 month low of $67.20 and a 12 month high of $98.75. The stock has a 50-day moving average price of $90.94 and a two-hundred day moving average price of $88.24.

NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.03 by $0.06. The firm had revenue of $6.70 billion during 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 business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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

Analysts Set New Price Targets

NEE has been the subject of a number of recent research reports. Mizuho boosted their target price on shares of NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Evercore reissued an “outperform” rating and issued a $107.00 target price on shares of NextEra Energy in a research report on Monday, May 4th. Weiss Ratings cut shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Morgan Stanley set a $111.00 target price on shares of NextEra Energy in a research report on Thursday, May 21st. Finally, Jefferies Financial Group boosted their target price on shares of NextEra Energy from $92.00 to $93.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.20.

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.