Premier Fund Managers Ltd Reduces Position in NextEra Energy, Inc. $NEE

Premier Fund Managers Ltd trimmed its stake in NextEra Energy, Inc. (NYSE:NEE) by 19.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,000 shares of the utilities provider’s stock after selling 6,000 shares during the quarter. Premier Fund Managers Ltd’s holdings in NextEra Energy were worth $2,215,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NEE. Vanguard Group Inc. boosted its stake in shares of NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock worth $17,343,185,000 after purchasing an additional 2,234,176 shares during the last quarter. Geode Capital Management LLC raised its position in shares of NextEra Energy by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider’s stock valued at $3,781,790,000 after buying an additional 966,152 shares during the last quarter. Norges Bank acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $2,816,327,000. Price T Rowe Associates Inc. MD lifted its stake in shares of NextEra Energy by 6.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider’s stock valued at $1,474,407,000 after buying an additional 1,136,074 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of NextEra Energy by 2.9% during the fourth quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider’s stock valued at $1,387,347,000 after buying an additional 485,854 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 0.2%

Shares of NYSE:NEE opened at $86.18 on Friday. The company has a 50 day moving average of $87.17 and a two-hundred day moving average of $89.95. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $179.75 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 2.35 and a beta of 0.67. NextEra Energy, Inc. has a 52-week low of $69.24 and a 52-week high of $98.75.

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, topping analysts’ consensus estimates of $1.11 by $0.04. The business had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 earnings per share. 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 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be paid 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 payout ratio is presently 55.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NEE shares. Wells Fargo & Company set a $102.00 price objective on NextEra Energy and gave the stock an “overweight” rating in a report on Friday, April 24th. DA Davidson raised their price target on NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Mizuho set a $95.00 price target on NextEra Energy in a report on Monday, July 27th. BTIG Research reiterated a “buy” rating and set a $112.00 price objective on shares of NextEra Energy in a report on Friday, April 24th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $108.00 target price on shares of NextEra Energy in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $99.36.

NextEra Energy Company 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.