NextEra Energy, Inc. $NEE Shares Sold by Avity Investment Management Inc.

Avity Investment Management Inc. lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 491,345 shares of the utilities provider’s stock after selling 9,231 shares during the period. NextEra Energy makes up about 2.3% of Avity Investment Management Inc.’s investment portfolio, making the stock its 21st largest position. Avity Investment Management Inc.’s holdings in NextEra Energy were worth $37,214,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in NEE. Czech National Bank lifted its holdings in shares of NextEra Energy by 4.7% in the 2nd quarter. Czech National Bank now owns 593,568 shares of the utilities provider’s stock worth $52,097,000 after purchasing an additional 26,378 shares during the last quarter. Annex Advisory Services LLC grew its stake in NextEra Energy by 13.9% during the 2nd quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider’s stock worth $62,405,000 after buying an additional 86,585 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in NextEra Energy by 4.1% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 544,574 shares of the utilities provider’s stock worth $47,797,000 after buying an additional 21,569 shares during the last quarter. CV Advisors LLC acquired a new stake in NextEra Energy in the second quarter worth $1,404,000. Finally, Prevail Innovative Wealth Advisors LLC bought a new stake in NextEra Energy in the second quarter valued at $9,517,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NYSE NEE traded down $0.03 during midday trading on Friday, reaching $77.34. 6,615,089 shares of the company traded hands, compared to its average volume of 10,798,997. NextEra Energy, Inc. has a 52 week low of $74.41 and a 52 week high of $98.75. The stock has a 50-day moving average price of $82.02 and a 200 day moving average price of $87.12. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. The company has a market cap of $161.33 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 2.37 and a beta of 0.64.

NextEra Energy (NYSE:NEE) last announced 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. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The firm had revenue of $7.53 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. NextEra Energy’s revenue was up 12.4% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Sell-side analysts anticipate that NextEra Energy, Inc. will post 4.04 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were given a dividend of $0.6232 per share. The ex-dividend date was Friday, August 28th. This represents a $2.49 annualized dividend and a dividend yield of 3.2%. NextEra Energy’s dividend payout ratio (DPR) is 55.96%.

Analysts Set New Price Targets

NEE has been the subject of several recent research reports. Jefferies Financial Group restated a “hold” rating on shares of NextEra Energy in a research report on Thursday. Seaport Research Partners reiterated a “sell” rating and issued a $56.00 price objective (up from $55.00) on shares of NextEra Energy in a research report on Friday, October 2nd. Mizuho reduced their target price on shares of NextEra Energy from $95.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday. Scotiabank decreased their target price on shares of NextEra Energy from $110.00 to $99.00 and set an “outperform” rating for the company in a research report on Wednesday, September 30th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of NextEra Energy in a research note on Tuesday, September 8th. Eighteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $98.95.

NextEra Energy Company Profile

NextEra Energy, Inc is an electric power and energy infrastructure company headquartered in Juno Beach, Florida. Through its principal subsidiary, Florida Power & Light Company (FPL), the company generates, transmits, distributes and sells electricity to customers across Florida. FPL serves residential, commercial and industrial customers and operates a diverse generation portfolio that includes natural gas, solar, nuclear and other resources.

NextEra Energy’s other major business, NextEra Energy Resources, develops, owns and operates energy projects in the United States and Canada.