Eastern Bank Grows Stock Position in NextEra Energy, Inc. $NEE

Eastern Bank increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 762,781 shares of the utilities provider’s stock after purchasing an additional 34,543 shares during the period. NextEra Energy makes up 1.0% of Eastern Bank’s portfolio, making the stock its 29th largest holding. Eastern Bank’s holdings in NextEra Energy were worth $66,949,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Indivisible Partners acquired a new stake in shares of NextEra Energy during the 4th quarter valued at approximately $1,355,000. Carnegie Investment Counsel grew its holdings in NextEra Energy by 9.4% in the fourth quarter. Carnegie Investment Counsel now owns 458,141 shares of the utilities provider’s stock valued at $36,780,000 after purchasing an additional 39,250 shares during the last quarter. Swedbank AB increased its position in shares of NextEra Energy by 13.4% in the fourth quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider’s stock valued at $81,615,000 after buying an additional 120,389 shares in the last quarter. Fisher Funds Management LTD increased its position in shares of NextEra Energy by 3.5% in the fourth quarter. Fisher Funds Management LTD now owns 619,640 shares of the utilities provider’s stock valued at $49,884,000 after buying an additional 20,709 shares in the last quarter. Finally, MGO One Seven LLC raised its stake in shares of NextEra Energy by 12.1% during the 4th quarter. MGO One Seven LLC now owns 137,251 shares of the utilities provider’s stock worth $11,018,000 after buying an additional 14,828 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Down 0.4%

Shares of NEE opened at $86.56 on Tuesday. The stock has a fifty day moving average of $87.26 and a two-hundred day moving average of $89.86. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. The company has a market capitalization of $180.56 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 2.38 and a beta of 0.67. NextEra Energy, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $98.75.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The company had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the prior year, the company posted $1.05 EPS. The business’s revenue for the quarter 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. As a group, analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be given a dividend of $0.6232 per share. The ex-dividend date is Friday, August 28th. This represents a $2.49 annualized dividend and a yield of 2.9%. NextEra Energy’s dividend payout ratio is 55.96%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NEE. DA Davidson increased their price objective on shares of NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Mizuho set a $95.00 price target on shares of NextEra Energy in a report on Monday, July 27th. HSBC increased their price target on shares of NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings downgraded NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $116.00 target price on shares of NextEra Energy in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.36.

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.