RWC Asset Management LLP Sells 23,859 Shares of NextEra Energy, Inc. $NEE

RWC Asset Management LLP reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 341,499 shares of the utilities provider’s stock after selling 23,859 shares during the quarter. NextEra Energy comprises approximately 1.1% of RWC Asset Management LLP’s portfolio, making the stock its 23rd biggest holding. RWC Asset Management LLP’s holdings in NextEra Energy were worth $29,973,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Walker Asset Management LLC grew its holdings in NextEra Energy by 2.2% in 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 in the last quarter. PUREfi Wealth LLC boosted its position 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 valued at $1,170,000 after acquiring an additional 107 shares during the period. Garrison Point Advisors LLC grew its stake 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 valued at $2,269,000 after acquiring an additional 109 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in shares of NextEra Energy by 12.8% in 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 in the last quarter. Finally, Legacy Wealth Managment LLC ID increased its position in NextEra Energy by 23.2% during the first quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 112 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Up 0.1%

NEE stock opened at $86.27 on Tuesday. NextEra Energy, Inc. has a 52 week low of $69.24 and a 52 week high of $98.75. The business has a 50-day simple moving average of $87.21 and a 200 day simple moving average of $89.97. 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 company has a market cap of $179.94 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 2.36 and a beta of 0.67.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. The firm 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 business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Sell-side analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be paid a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is 55.96%.

Analysts Set New Price Targets

Several brokerages have weighed in on NEE. Bank of America dropped their price objective on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a research note on Monday, July 13th. Jefferies Financial Group set a $94.00 target price on shares of NextEra Energy in a report on Tuesday, July 14th. Wall Street Zen downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Barclays set a $91.00 price target on shares of NextEra Energy and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Finally, HC Wainwright reissued a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $99.36.

NextEra Energy 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.