Sound Income Strategies LLC Has $1.44 Million Position in NextEra Energy, Inc. $NEE

Sound Income Strategies LLC cut its position in NextEra Energy, Inc. (NYSE:NEE) by 31.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,452 shares of the utilities provider’s stock after selling 6,981 shares during the quarter. Sound Income Strategies LLC’s holdings in NextEra Energy were worth $1,435,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $2,816,327,000. Employees Provident Fund Board bought a new position in NextEra Energy in the 4th quarter valued at approximately $240,840,000. Pictet Asset Management Holding SA boosted its position in NextEra Energy by 47.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock worth $742,913,000 after buying an additional 2,972,924 shares during the period. Danica Pension Livsforsikringsaktieselskab acquired a new stake in NextEra Energy during the 3rd quarter worth approximately $177,198,000. Finally, Vanguard Group Inc. grew its holdings in 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 acquiring an additional 2,234,176 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on NEE. Jefferies Financial Group upped their price target on shares of NextEra Energy from $92.00 to $93.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. Erste Group Bank cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Wall Street Zen downgraded NextEra Energy from a “hold” rating to a “sell” rating in a report on Saturday. TD Cowen raised their target price on NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, BMO Capital Markets lowered their target price on NextEra Energy from $104.00 to $102.00 and set an “outperform” rating for the company in a research report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $99.86.

NextEra Energy Price Performance

NEE stock opened at $88.24 on Friday. The firm has a market cap of $184.02 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 2.59 and a beta of 0.67. 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 $69.24 and a 12-month high of $98.75. The company’s fifty day simple moving average is $89.34 and its 200 day simple moving average is $88.63.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.43 billion. During the same period last year, the business posted $0.99 EPS. The business’s revenue was up 7.3% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were paid a dividend of $0.6232 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.49 annualized dividend and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is currently 63.36%.

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.