Bartlett & CO. Wealth Management LLC Purchases 43,872 Shares of NextEra Energy, Inc. $NEE

Bartlett & CO. Wealth Management LLC grew its position in NextEra Energy, Inc. (NYSE:NEEFree Report) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,168,736 shares of the utilities provider’s stock after acquiring an additional 43,872 shares during the quarter. NextEra Energy comprises about 1.5% of Bartlett & CO. Wealth Management LLC’s portfolio, making the stock its 17th largest position. Bartlett & CO. Wealth Management LLC’s holdings in NextEra Energy were worth $111,626,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC bought a new position in NextEra Energy during the 4th quarter valued at about $25,000. Anfield Capital Management LLC raised its position in NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 270 shares during the period. Wealth Watch Advisors INC lifted its stake in NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 226 shares during the last quarter. Osbon Capital Management LLC bought a new stake in NextEra Energy in the fourth quarter worth about $27,000. Finally, Strive Asset Management LLC purchased a new position in shares of NextEra Energy during the third quarter valued at approximately $29,000. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on NEE shares. Sanford C. Bernstein set a $107.00 target price on NextEra Energy and gave the company an “outperform” rating in a research note on Tuesday, June 16th. Weiss Ratings cut NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. TD Cowen upped their price objective on NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Bank of America cut their price objective on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a research report on Monday, July 13th. Finally, Erste Group Bank lowered NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $99.64.

Check Out Our Latest Stock Report on NEE

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $88.73 on Friday. The firm’s 50 day simple moving average is $87.94 and its 200-day simple moving average is $89.18. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54. NextEra Energy, Inc. has a one year low of $69.24 and a one year high of $98.75. The firm has a market cap of $185.04 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 2.44 and a beta of 0.67.

NextEra Energy (NYSE:NEEGet Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $7.43 billion. During the same quarter in the previous year, the business earned $0.99 earnings per share. NextEra Energy’s quarterly 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. As a group, equities analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

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

Key Stories Impacting NextEra Energy

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NextEra Energy Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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