Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 480,336 Shares of NextEra Energy, Inc. $NEE

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,631,835 shares of the utilities provider’s stock after selling 480,336 shares during the period. NextEra Energy comprises 1.7% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s investment portfolio, making the stock its 8th biggest holding. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in NextEra Energy were worth $337,325,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in NextEra Energy during the fourth quarter worth $2,816,327,000. Employees Provident Fund Board acquired a new stake in NextEra Energy in the fourth quarter valued at $240,840,000. Pictet Asset Management Holding SA boosted its position in shares of 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 purchasing an additional 2,972,924 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab purchased a new stake in shares of NextEra Energy during the 3rd quarter worth $177,198,000. Finally, Vanguard Group Inc. grew 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 period. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on NEE shares. Jefferies Financial Group raised their price objective on shares of NextEra Energy from $92.00 to $93.00 and gave the company a “hold” rating in a research note on Tuesday, April 21st. Mizuho increased their target price on shares of NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Wall Street Zen downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. TD Cowen upped their price target on NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Sanford C. Bernstein set a $107.00 price objective on NextEra Energy and gave the stock an “outperform” rating in a report on Tuesday, June 16th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $99.90.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded up $0.79 during trading on Friday, hitting $87.89. 11,222,744 shares of the company were exchanged, compared to its average volume of 11,218,148. NextEra Energy, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $98.75. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41. The firm has a 50 day moving average price of $88.56 and a 200 day moving average price of $88.87. The stock has a market capitalization of $183.27 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 2.58 and a beta of 0.67.

NextEra Energy (NYSE:NEE) last released 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 company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.43 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The business’s revenue for the quarter 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, equities analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were paid a $0.6232 dividend. 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 payout ratio is presently 63.36%.

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.