Investment Management Corp of Ontario Acquires 71,703 Shares of NextEra Energy, Inc. $NEE

Investment Management Corp of Ontario lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 57.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 196,404 shares of the utilities provider’s stock after acquiring an additional 71,703 shares during the quarter. Investment Management Corp of Ontario’s holdings in NextEra Energy were worth $15,767,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Laurel Wealth Advisors LLC purchased a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $25,000. Anfield Capital Management LLC increased its position 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 period. Wealth Watch Advisors INC grew its holdings in shares of NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 226 shares during the period. Strive Asset Management LLC bought a new position in NextEra Energy in the third quarter worth $29,000. Finally, Quest 10 Wealth Builders Inc. increased its stake in shares of NextEra Energy by 135.4% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 379 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NEE. Wells Fargo & Company set a $102.00 price target on shares of NextEra Energy and gave the stock an “overweight” rating in a research note on Friday, April 24th. Wall Street Zen cut NextEra Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Scotiabank lifted their price objective on NextEra Energy from $102.00 to $110.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. BTIG Research reiterated a “buy” rating and set a $112.00 price objective on shares of NextEra Energy in a research report on Friday, April 24th. Finally, UBS Group increased their target price on NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $99.57.

NextEra Energy Trading Down 0.6%

Shares of NEE stock opened at $85.73 on Thursday. NextEra Energy, Inc. has a 1 year low of $67.20 and a 1 year high of $98.75. The firm has a fifty day moving average price of $90.52 and a 200-day moving average price of $88.28. The company has a market cap of $178.78 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 2.53 and a beta of 0.68. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.06. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same period in the previous year, the business earned $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. As a group, equities analysts predict 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 was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were given 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 was Friday, June 5th. NextEra Energy’s payout ratio is presently 63.36%.

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.