Canandaigua National Bank & Trust Co. Invests $6.86 Million in NextEra Energy, Inc. $NEE

Canandaigua National Bank & Trust Co. acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 78,190 shares of the utilities provider’s stock, valued at approximately $6,863,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Walker Asset Management LLC lifted its holdings in shares of NextEra Energy by 2.2% during the 1st quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider’s stock valued at $465,000 after buying an additional 107 shares during the period. PUREfi Wealth LLC grew its holdings in shares of NextEra Energy by 0.9% in the first quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider’s stock worth $1,170,000 after acquiring an additional 107 shares during the period. Garrison Point Advisors LLC grew its holdings in shares of NextEra Energy by 0.4% in the fourth quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider’s stock worth $2,269,000 after acquiring an additional 109 shares during the period. Cornerstone Planning Group LLC increased its position in NextEra Energy by 12.8% during the first quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider’s stock valued at $94,000 after acquiring an additional 111 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID lifted its holdings in NextEra Energy by 23.2% in the first quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider’s stock valued at $55,000 after acquiring an additional 112 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.7%

NextEra Energy stock opened at $87.19 on Wednesday. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75. The firm has a market capitalization of $181.86 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 2.37 and a beta of 0.67. The firm has a 50 day moving average of $87.25 and a 200 day moving average of $89.90. 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 issued its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.04. The business had revenue of $7.53 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, research analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current 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. The ex-dividend date is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. NextEra Energy’s payout ratio is 55.96%.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of recent research reports. Evercore restated an “outperform” rating and set a $107.00 price target on shares of NextEra Energy in a research note on Monday, May 4th. Mizuho set a $95.00 target price on shares of NextEra Energy in a report on Monday, July 27th. Erste Group Bank downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Scotiabank lifted their price target on shares of NextEra Energy from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Finally, Barclays set a $91.00 price objective on shares of NextEra Energy and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. One 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $99.36.

NextEra Energy Company 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.