NewEdge Advisors LLC cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 5.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 441,582 shares of the utilities provider’s stock after selling 27,611 shares during the period. NewEdge Advisors LLC’s holdings in NextEra Energy were worth $41,014,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC bought a new stake in shares of NextEra Energy during the 4th quarter valued at $25,000. Anfield Capital Management LLC raised its stake in 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 purchasing an additional 270 shares during the period. Wealth Watch Advisors INC raised its stake in NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 226 shares during the period. Osbon Capital Management LLC purchased 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 worth approximately $29,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.
NextEra Energy Stock Performance
NEE stock opened at $84.64 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. The business’s fifty day simple moving average is $87.16 and its two-hundred day simple moving average is $89.93. NextEra Energy, Inc. has a twelve month low of $69.24 and a twelve month high of $98.75. The firm has a market cap of $176.55 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 2.35 and a beta of 0.67.
NextEra Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be paid a $0.6232 dividend. This represents a $2.49 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is 55.96%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. BMO Capital Markets raised their target price on shares of NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Morgan Stanley restated an “overweight” rating and set a $116.00 price objective on shares of NextEra Energy in a research report on Wednesday, July 22nd. Jefferies Financial Group set a $94.00 target price on NextEra Energy in a report on Tuesday, July 14th. HC Wainwright reiterated a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. Finally, Wall Street Zen lowered NextEra Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.36.
Read Our Latest Research Report on NextEra Energy
Key NextEra Energy News
Here are the key news stories impacting NextEra Energy this week:
- Positive Sentiment: The proposed Dominion acquisition could create the nation’s largest regulated utility, serving more than 10 million customers across Florida, Virginia, North Carolina and South Carolina. Supporters argue the combination could improve grid scale, generation capacity and the ability to serve rapidly growing electricity demand from data centers and artificial intelligence. Can NextEra Energy Reshape the Grid Through a Landmark Combination?
- Positive Sentiment: Broader power-demand trends remain favorable for utilities and power-equipment suppliers, as data-center expansion and SpaceX’s expected computing needs could increase demand for electricity and grid infrastructure. This supports the long-term growth case for NEE, although the benefit is not an immediate earnings catalyst. SpaceX’s Need for Power Is a Clear Positive for These Companies
- Neutral Sentiment: South Carolina regulators set a January decision target for the merger after agreeing to a review process that includes testimony from supporters and opponents, with a hearing expected in December. Approval is also required from regulators in Virginia and North Carolina, keeping the deal’s timing and final outcome uncertain. South Carolina Regulators Set January Deadline
- Negative Sentiment: Virginia Gov. Abigail Spanberger says she will file documentation to intervene in the Dominion transaction, citing concerns about rising electricity bills and the potential impact on customers. Her opposition increases the risk of additional conditions, delays or failure to obtain approval for the acquisition. Virginia Governor to Intervene in NextEra-Dominion Merger
- Negative Sentiment: The intervention follows earlier opposition from South Carolina legislative leaders and reinforces concerns that political and consumer-affordability scrutiny could complicate what would be the largest power acquisition in U.S. history. Investors are likely weighing the deal’s potential strategic benefits against higher execution and regulatory risks. Virginia Governor Says She Will Intervene in Dominion-NextEra Merger
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.
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