Great Lakes Advisors LLC Sells 41,423 Shares of NextEra Energy, Inc. $NEE

Great Lakes Advisors LLC cut its holdings in NextEra Energy, Inc. (NYSE:NEEFree Report) by 5.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 744,956 shares of the utilities provider’s stock after selling 41,423 shares during the period. Great Lakes Advisors LLC’s holdings in NextEra Energy were worth $59,805,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of NEE. Laurel Wealth Advisors LLC bought a new position in NextEra Energy in the 4th quarter worth approximately $25,000. Anfield Capital Management LLC boosted its holdings in NextEra Energy by 692.3% in 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. Strive Asset Management LLC bought a new position in NextEra Energy in the 3rd quarter valued at $29,000. Quest 10 Wealth Builders Inc. boosted its holdings in NextEra Energy by 135.4% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 379 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 218 shares during the period. Finally, Joseph Group Capital Management bought a new position in NextEra Energy in the 4th quarter valued at $32,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

NYSE NEE opened at $84.89 on Friday. NextEra Energy, Inc. has a 52-week low of $67.20 and a 52-week high of $98.75. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54. The company has a market capitalization of $177.01 billion, a P/E ratio of 21.60, a P/E/G ratio of 2.50 and a beta of 0.68. The company has a fifty day moving average of $91.09 and a 200-day moving average of $88.26.

NextEra Energy (NYSE:NEEGet Free Report) last posted 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. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.43 billion. During the same period in the previous year, the firm posted $0.99 EPS. The firm’s 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. As a group, equities research analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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

More NextEra Energy News

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Analysts Set New Price Targets

Several research analysts have commented on the stock. Evercore reissued an “outperform” rating and issued a $107.00 price target on shares of NextEra Energy in a report on Monday, May 4th. Wall Street Zen downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. UBS Group raised their price target on shares of NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Morgan Stanley set a $111.00 price target on shares of NextEra Energy in a report on Thursday, May 21st. Finally, BMO Capital Markets cut their price target on shares of NextEra Energy from $104.00 to $102.00 and set an “outperform” rating for the company in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $99.20.

Read Our Latest Stock Analysis on NEE

NextEra Energy Company Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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