Prudential PLC Buys 230,132 Shares of NextEra Energy, Inc. $NEE

Prudential PLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 515.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 274,752 shares of the utilities provider’s stock after buying an additional 230,132 shares during the quarter. Prudential PLC’s holdings in NextEra Energy were worth $22,057,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NEE. Laurel Wealth Advisors LLC bought a new position in shares of NextEra Energy during the fourth quarter valued at about $25,000. Anfield Capital Management LLC grew its stake in shares of NextEra Energy by 692.3% during the fourth 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 during the last quarter. Strive Asset Management LLC bought a new position in shares of NextEra Energy during the third quarter valued at about $29,000. Quest 10 Wealth Builders Inc. grew its stake in shares of NextEra Energy by 135.4% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 379 shares of the utilities provider’s stock valued at $30,000 after buying an additional 218 shares during the last quarter. Finally, Joseph Group Capital Management bought a new position in shares of NextEra Energy during the fourth quarter valued at about $32,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

NextEra Energy stock opened at $85.62 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 firm has a 50-day moving average of $91.77 and a 200-day moving average of $88.24. The firm has a market cap of $178.54 billion, a P/E ratio of 21.79, a P/E/G ratio of 2.48 and a beta of 0.68. NextEra Energy, Inc. has a 1-year low of $67.20 and a 1-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 EPS for the quarter, topping the consensus estimate of $1.03 by $0.06. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.43 billion. During the same period last year, the business posted $0.99 earnings per share. NextEra Energy’s quarterly revenue was up 7.3% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Sell-side analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 5th will be issued a $0.6232 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.49 annualized dividend and a yield of 2.9%. NextEra Energy’s dividend payout ratio (DPR) is 63.36%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,934 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $93.00, for a total value of $458,862.00. Following the completion of the sale, the executive vice president directly owned 16,905 shares in the company, valued at $1,572,165. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction of $1,775,791.44. Following the completion of the sale, the executive vice president owned 73,857 shares of the company’s stock, valued at $6,667,071.39. This trade represents a 21.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 31,767 shares of company stock worth $2,881,077 over the last three months. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NEE. Morgan Stanley set a $111.00 target price on shares of NextEra Energy in a report on Thursday, May 21st. HSBC increased their target price on shares of NextEra Energy from $103.00 to $106.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. TD Cowen increased their target price on shares of NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Evercore reiterated an “outperform” rating and set a $107.00 target price on shares of NextEra Energy in a report on Monday, May 4th. Finally, Erste Group Bank upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $99.20.

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.