QRG Capital Management Inc. Raises Holdings in NextEra Energy, Inc. $NEE

QRG Capital Management Inc. increased its position in NextEra Energy, Inc. (NYSE:NEE) by 23.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 243,912 shares of the utilities provider’s stock after acquiring an additional 46,591 shares during the quarter. QRG Capital Management Inc.’s holdings in NextEra Energy were worth $22,655,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Laurel Wealth Advisors LLC bought a new stake in shares of NextEra Energy in 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 valued at $25,000 after buying an additional 270 shares in the last quarter. Wealth Watch Advisors INC boosted its holdings in NextEra Energy by 223.8% in the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after buying an additional 226 shares during the period. Osbon Capital Management LLC bought a new position in NextEra Energy in the 4th quarter worth approximately $27,000. Finally, Strive Asset Management LLC purchased a new position in NextEra Energy in the 3rd quarter valued at approximately $29,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of analyst reports. Morgan Stanley boosted their target price on shares of NextEra Energy from $111.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, June 24th. Barclays set a $90.00 price target on NextEra Energy and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Jefferies Financial Group boosted 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. Wall Street Zen cut NextEra Energy from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Sanford C. Bernstein set a $107.00 target price on NextEra Energy and gave the stock an “outperform” rating in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $99.86.

NextEra Energy Stock Down 0.1%

NEE opened at $88.24 on Friday. The company has a fifty day moving average price of $89.34 and a 200-day moving average price of $88.63. The firm has a market capitalization of $184.02 billion, a P/E ratio of 22.45, a price-to-earnings-growth ratio of 2.59 and a beta of 0.67. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44. NextEra Energy, Inc. has a one year low of $69.24 and a one year high of $98.75.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. The company 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 firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Equities research analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were given a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, June 5th. NextEra Energy’s dividend payout ratio (DPR) is 63.36%.

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.