Sanctuary Advisors LLC Purchases New Position in NextEra Energy, Inc. $NEE

Sanctuary Advisors LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 596,968 shares of the utilities provider’s stock, valued at approximately $52,396,000.

A number of other large investors have also recently made changes to their positions in NEE. Kilter Group LLC acquired a new stake in shares of NextEra Energy in the second quarter valued at approximately $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 valued at $25,000 after purchasing an additional 270 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new stake in NextEra Energy during the 4th quarter worth $25,000. Financial Life Planners acquired a new stake in NextEra Energy during the 1st quarter worth $30,000. Finally, Wealth Watch Advisors INC grew its position in NextEra Energy by 223.8% during the 4th 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. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $81.74 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. The company has a market cap of $170.49 billion, a P/E ratio of 18.37, a PEG ratio of 2.24 and a beta of 0.67. NextEra Energy, Inc. has a 52 week low of $69.24 and a 52 week high of $98.75. The company has a 50-day moving average price of $86.95 and a 200 day moving average price of $89.70.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.04. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The company had revenue of $7.53 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Research analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be issued a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s dividend payout ratio is currently 55.96%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NEE. Evercore reissued an “outperform” rating and set a $107.00 price target on shares of NextEra Energy in a report on Monday, May 4th. Bank of America reduced their price objective on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a research note on Monday, July 13th. Morgan Stanley set a $114.00 price objective on NextEra Energy and gave the stock an “overweight” rating in a research report on Friday, August 21st. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Finally, BMO Capital Markets boosted their target price on NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Seventeen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $100.33.

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.