Pinebridge Investments LLC Makes New Investment in NextEra Energy, Inc. $NEE

Pinebridge Investments LLC bought a new position in NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, Holdings Channel.com reports. The fund bought 106,616 shares of the utilities provider’s stock, valued at approximately $8,559,000.

Several other large investors also recently added to or reduced their stakes in the business. PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in NextEra Energy in the fourth quarter worth approximately $9,471,000. Prestige Wealth Management Group LLC grew its position in NextEra Energy by 2.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 10,279 shares of the utilities provider’s stock worth $825,000 after acquiring an additional 237 shares in the last quarter. SlateStone Wealth LLC grew its position in NextEra Energy by 1.1% in the fourth quarter. SlateStone Wealth LLC now owns 156,929 shares of the utilities provider’s stock worth $12,598,000 after acquiring an additional 1,752 shares in the last quarter. Prudential PLC boosted its holdings in shares of NextEra Energy by 515.8% during the 4th quarter. Prudential PLC now owns 274,752 shares of the utilities provider’s stock worth $22,057,000 after buying an additional 230,132 shares during the period. Finally, Convergence Financial LLC boosted its holdings in shares of NextEra Energy by 3.0% during the 4th quarter. Convergence Financial LLC now owns 5,575 shares of the utilities provider’s stock worth $448,000 after buying an additional 165 shares during the period. 78.72% of the stock is owned by institutional investors.

NextEra Energy Price Performance

NYSE NEE opened at $85.86 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41. The company has a fifty day simple moving average of $91.66 and a 200 day simple moving average of $88.22. The company has a market cap of $179.05 billion, a P/E ratio of 21.85, a P/E/G ratio of 2.52 and a beta of 0.68. NextEra Energy, Inc. has a 1 year low of $67.20 and a 1 year high of $98.75.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.03 by $0.06. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.43 billion. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior 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 predict that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be paid a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, June 5th. NextEra Energy’s dividend payout ratio is presently 63.36%.

Insider Activity at NextEra Energy

In related news, EVP Terrell Kirk Crews II sold 19,672 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $90.27, for a total transaction of $1,775,791.44. Following the completion of the transaction, the executive vice president directly owned 73,857 shares in the company, valued at $6,667,071.39. This represents a 21.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Nicole J. Daggs sold 4,934 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $93.00, for a total transaction of $458,862.00. Following the transaction, the executive vice president owned 16,905 shares of the company’s stock, valued at approximately $1,572,165. The trade was a 22.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 31,767 shares of company stock worth $2,881,077 in the last ninety days. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. TD Cowen upped their price objective on shares of NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, April 27th. BTIG Research reaffirmed a “buy” rating and set a $112.00 price objective on shares of NextEra Energy in a report on Friday, April 24th. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Mizuho upped their price objective on shares of NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Finally, Erste Group Bank raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.20.

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.