Milford Funds Ltd. Invests $1.15 Million in NextEra Energy, Inc. $NEE

Milford Funds Ltd. bought a new position in NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,367 shares of the utilities provider’s stock, valued at approximately $1,153,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Indivisible Partners bought a new stake in shares of NextEra Energy in the 4th quarter valued at $1,355,000. First Long Island Investors LLC bought a new stake in shares of NextEra Energy in the 3rd quarter valued at $14,198,000. Metis Global Partners LLC increased its stake in shares of NextEra Energy by 15.0% in the 3rd quarter. Metis Global Partners LLC now owns 238,101 shares of the utilities provider’s stock valued at $17,974,000 after acquiring an additional 31,135 shares in the last quarter. Caprock Group LLC bought a new stake in shares of NextEra Energy in the 3rd quarter valued at $2,868,000. Finally, SevenBridge Financial Group LLC increased its stake in shares of NextEra Energy by 39.7% in the 3rd quarter. SevenBridge Financial Group LLC now owns 49,603 shares of the utilities provider’s stock valued at $3,745,000 after acquiring an additional 14,089 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Up 1.3%

Shares of NYSE:NEE opened at $85.92 on Friday. The stock has a market cap of $179.18 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 2.49 and a beta of 0.68. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41. NextEra Energy, Inc. has a 12-month low of $67.20 and a 12-month high of $98.75. The business’s 50 day moving average is $90.94 and its 200 day moving average is $88.24.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.06. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. 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 fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 5th will be given a $0.6232 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.49 annualized dividend and a yield of 2.9%. NextEra Energy’s payout ratio is currently 63.36%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent research reports. Evercore restated an “outperform” rating and set a $107.00 price objective on shares of NextEra Energy in a report on Monday, May 4th. DA Davidson boosted their price objective on NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Barclays set a $90.00 price objective on NextEra Energy and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Mizuho boosted their price objective on NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Finally, Jefferies Financial Group boosted their price objective on NextEra Energy from $92.00 to $93.00 and gave the company a “hold” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.