Meitav Investment House Ltd. Sells 68,700 Shares of NextEra Energy, Inc. $NEE

Meitav Investment House Ltd. reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 773,400 shares of the utilities provider’s stock after selling 68,700 shares during the period. NextEra Energy comprises 0.8% of Meitav Investment House Ltd.’s investment portfolio, making the stock its 28th biggest position. Meitav Investment House Ltd.’s holdings in NextEra Energy were worth $71,833,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Norges Bank purchased a new position in NextEra Energy in the fourth quarter valued at approximately $2,816,327,000. Employees Provident Fund Board purchased a new stake in NextEra Energy in the fourth quarter worth $240,840,000. Pictet Asset Management Holding SA increased its position in NextEra Energy by 47.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock worth $742,913,000 after buying an additional 2,972,924 shares during the last quarter. Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of NextEra Energy in the third quarter valued at $177,198,000. Finally, Vanguard Group Inc. raised its stake in shares of NextEra Energy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock valued at $17,343,185,000 after buying an additional 2,234,176 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE NEE traded up $0.71 during mid-day trading on Tuesday, hitting $88.16. The company had a trading volume of 2,361,122 shares, compared to its average volume of 10,480,722. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75. The company has a market capitalization of $183.83 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 2.59 and a beta of 0.67. The stock’s 50-day moving average price is $89.34 and its 200-day moving average price is $88.68.

NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.03 by $0.06. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.43 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were paid a dividend of $0.6232 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.49 annualized dividend and a yield of 2.8%. NextEra Energy’s payout ratio is currently 63.36%.

Analysts Set New Price Targets

Several research firms have recently weighed in on NEE. Morgan Stanley increased their price target on NextEra Energy from $111.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Mizuho boosted their price objective on NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. BMO Capital Markets dropped their price objective on shares of NextEra Energy from $104.00 to $102.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. BTIG Research reiterated a “buy” rating and set a $112.00 target price on shares of NextEra Energy in a research report on Friday, April 24th. Finally, Jefferies Financial Group lifted their target price on shares of NextEra Energy from $92.00 to $93.00 and gave the stock a “hold” rating in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.90.

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.