Parr Mcknight Wealth Management Group LLC Cuts Stock Holdings in NextEra Energy, Inc. $NEE

Parr Mcknight Wealth Management Group LLC reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 8.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 63,043 shares of the utilities provider’s stock after selling 5,799 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in NextEra Energy were worth $5,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC purchased a new position in NextEra Energy in the fourth quarter valued at $25,000. Anfield Capital Management LLC boosted its stake in shares of NextEra Energy by 692.3% during the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 270 shares in the last quarter. Wealth Watch Advisors INC grew its position in shares of NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 226 shares during the period. Osbon Capital Management LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at about $27,000. Finally, Strive Asset Management LLC purchased a new position in shares of NextEra Energy in the 3rd quarter valued at about $29,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NYSE:NEE opened at $87.89 on Monday. The company’s 50-day moving average price is $88.56 and its 200-day moving average price is $88.93. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41. The company has a market cap of $183.27 billion, a P/E ratio of 22.36, a P/E/G ratio of 2.58 and a beta of 0.67. NextEra Energy, Inc. has a twelve month low of $69.24 and a twelve month high of $98.75.

NextEra Energy (NYSE:NEE) last posted 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 net margin of 29.36% and a return on equity of 12.25%. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.43 billion. During the same period in the previous year, the business posted $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. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were issued a dividend of $0.6232 per share. 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 payout ratio is currently 63.36%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NEE shares. JPMorgan Chase & Co. increased their price target on NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research report on Sunday. Barclays set a $91.00 target price on NextEra Energy and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Erste Group Bank lowered NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, TD Cowen lifted their price target on shares of NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $99.90.

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.