NextEra Energy, Inc. $NEE Stake Boosted by Summit Securities Group LLC

Summit Securities Group LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 32,335.4% in the second quarter, Holdings Channel reports. The firm owned 435,283 shares of the utilities provider’s stock after buying an additional 433,941 shares during the period. NextEra Energy comprises about 3.7% of Summit Securities Group LLC’s portfolio, making the stock its 2nd largest position. Summit Securities Group LLC’s holdings in NextEra Energy were worth $38,205,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NEE. Walker Asset Management LLC raised its stake in NextEra Energy by 2.2% in the 1st quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider’s stock worth $465,000 after acquiring an additional 107 shares during the last quarter. PUREfi Wealth LLC raised its stake in shares of NextEra Energy by 0.9% during the 1st quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider’s stock worth $1,170,000 after buying an additional 107 shares during the period. Garrison Point Advisors LLC increased its stake in shares of NextEra Energy by 0.4% during the fourth quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider’s stock worth $2,269,000 after purchasing an additional 109 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in shares of NextEra Energy by 12.8% in the first quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider’s stock valued at $94,000 after acquiring an additional 111 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its stake in NextEra Energy by 23.2% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider’s stock worth $55,000 after purchasing an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Sanford C. Bernstein restated an “outperform” rating and issued a $108.00 price target on shares of NextEra Energy in a research report on Monday, July 27th. Bank of America reduced their price objective on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Wall Street Zen downgraded shares of NextEra Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday. Barclays set a $91.00 target price on shares of NextEra Energy and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Finally, BMO Capital Markets increased their target price on NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Seventeen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $100.33.

NextEra Energy Stock Performance

Shares of NEE opened at $83.71 on Monday. The company has a market capitalization of $174.60 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 2.29 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. 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 stock has a 50 day moving average price of $87.22 and a 200 day moving average price of $89.90.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.04. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The business had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the previous year, the firm earned $1.05 EPS. The company’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. Research analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. NextEra Energy’s dividend payout ratio (DPR) is presently 55.96%.

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.