Canal Insurance CO Invests $929,000 in NextEra Energy, Inc. $NEE

Canal Insurance CO acquired a new position in NextEra Energy, Inc. (NYSE:NEE) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 10,000 shares of the utilities provider’s stock, valued at approximately $929,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NEE. Brighton Jones LLC lifted its holdings in shares of NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after acquiring an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after acquiring an additional 298 shares during the last quarter. Acadian Asset Management LLC increased its stake in NextEra Energy by 38.4% in the first quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock valued at $887,000 after acquiring an additional 3,479 shares during the last quarter. Sivia Capital Partners LLC raised its position in NextEra Energy by 18.1% during the second quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock valued at $386,000 after purchasing an additional 852 shares in the last quarter. Finally, United Bank raised its position in NextEra Energy by 2.9% during the second quarter. United Bank now owns 15,596 shares of the utilities provider’s stock valued at $1,083,000 after purchasing an additional 444 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $88.37 on Tuesday. The company’s fifty day simple moving average is $88.37 and its two-hundred day simple moving average is $88.99. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75. The firm has a market cap of $184.28 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 2.58 and a beta of 0.67. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.03 by $0.06. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.43 billion. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, equities analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were given a dividend of $0.6232 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a yield of 2.8%. NextEra Energy’s dividend payout ratio is presently 63.36%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NEE. Bank of America cut their price objective on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a report on Monday. Mizuho upped their target price on NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Erste Group Bank cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Morgan Stanley boosted their price objective on shares of NextEra Energy from $111.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Finally, HSBC increased their target price on shares of NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $99.59.

Key NextEra Energy News

Here are the key news stories impacting NextEra Energy this week:

• Positive Sentiment: Analysts highlighted NextEra’s strong earnings-surprise track record and suggested the company has the right setup to potentially beat expectations again in its next quarterly report.
• Positive Sentiment: Broader utility and nuclear-energy coverage remained constructive, with articles pointing to resilience in the XLU ETF and renewed interest in the nuclear renaissance, which can support sentiment around large regulated power names like NextEra Energy.
• Neutral Sentiment: Commentary also framed NextEra as a possible “utility scale” leader and discussed its upcoming earnings schedule, keeping investor focus on the company’s growth and execution outlook.
• Neutral Sentiment: NextEra Energy revised its bylaws to give the board more control over shareholder meeting timing and format, including the option for fully virtual meetings. The move has drawn governance debate, but the market reaction appears mixed rather than clearly negative.
• Negative Sentiment: Bank of America lowered its price target on NextEra Energy from $95 to $93 and kept a neutral rating, a modest headwind for sentiment even though the new target still implies upside from current levels.

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.