Glenview Trust Co Increases Holdings in NextEra Energy, Inc. $NEE

Glenview Trust Co lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 311,567 shares of the utilities provider’s stock after acquiring an additional 8,667 shares during the period. Glenview Trust Co’s holdings in NextEra Energy were worth $27,346,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Geode Capital Management LLC lifted its stake in shares of NextEra Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider’s stock valued at $3,781,790,000 after purchasing an additional 966,152 shares during the last quarter. Norges Bank purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $2,816,327,000. Price T Rowe Associates Inc. MD increased its position in shares of NextEra Energy by 6.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider’s stock valued at $1,474,407,000 after purchasing an additional 1,136,074 shares during the last quarter. Deutsche Bank AG increased its position in shares of NextEra Energy by 2.9% during the 4th quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider’s stock valued at $1,387,347,000 after purchasing an additional 485,854 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in NextEra Energy by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,220,630 shares of the utilities provider’s stock valued at $1,382,473,000 after buying an additional 253,273 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of several analyst reports. Bank of America lowered their target price on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a report on Monday, July 13th. BMO Capital Markets upped their price target on shares of NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Wall Street Zen lowered shares of NextEra Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Barclays set a $91.00 price objective on shares of NextEra Energy and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Finally, JPMorgan Chase & Co. boosted their target price on NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Seventeen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.33.

NextEra Energy Price Performance

NEE opened at $83.10 on Thursday. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The business’s fifty day simple moving average is $86.72 and its 200-day simple moving average is $89.52. The company has a market capitalization of $173.34 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 2.57 and a beta of 0.65.

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

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be issued a $0.6232 dividend. The ex-dividend date is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. NextEra Energy’s dividend payout ratio (DPR) is currently 55.96%.

NextEra Energy 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.