Wedbush Fund Advisers LLC Acquires New Holdings in NextEra Energy, Inc. $NEE

Wedbush Fund Advisers LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,854 shares of the utilities provider’s stock, valued at approximately $689,000.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of NextEra Energy in the fourth quarter worth $2,816,327,000. Legal & General Group Plc acquired a new position in NextEra Energy during the 2nd quarter worth about $1,465,987,000. GQG Partners LLC bought a new stake in shares of NextEra Energy in the 2nd quarter valued at about $651,293,000. Canada Pension Plan Investment Board bought a new stake in shares of NextEra Energy in the 2nd quarter valued at about $389,527,000. Finally, Employees Provident Fund Board acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $240,840,000. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NEE. Morgan Stanley set a $114.00 price objective on NextEra Energy and gave the stock an “overweight” rating in a research report on Friday, August 21st. DA Davidson increased their target price on shares of NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Barclays set a $91.00 target price on shares of NextEra Energy and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings lowered shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Seventeen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $100.33.

NextEra Energy Stock Performance

Shares of NEE stock opened at $82.46 on Tuesday. The firm has a 50 day moving average of $86.88 and a 200-day moving average of $89.64. The company has a market cap of $172.00 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 2.24 and a beta of 0.67. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. NextEra Energy, Inc. has a 52 week low of $69.24 and a 52 week high of $98.75.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. The company 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%. NextEra Energy’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, equities analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.6232 per share. The ex-dividend date is Friday, August 28th. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. NextEra Energy’s dividend payout ratio is currently 55.96%.

About NextEra Energy

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.