NextEra Energy, Inc. $NEE Stake Reduced by Glenmede Trust Co. NA

Glenmede Trust Co. NA cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 5.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 831,840 shares of the utilities provider’s stock after selling 44,156 shares during the period. Glenmede Trust Co. NA’s holdings in NextEra Energy were worth $77,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Walker Asset Management LLC grew its position in shares of NextEra Energy by 2.2% during the first quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider’s stock worth $465,000 after acquiring an additional 107 shares during the last quarter. PUREfi Wealth LLC lifted its position in NextEra Energy by 0.9% in the 1st quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider’s stock valued at $1,170,000 after purchasing an additional 107 shares during the last quarter. Garrison Point Advisors LLC lifted its position in NextEra Energy by 0.4% in the 4th quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider’s stock valued at $2,269,000 after purchasing an additional 109 shares during the last quarter. Cornerstone Planning Group LLC boosted its stake in NextEra Energy by 12.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider’s stock valued at $94,000 after purchasing an additional 111 shares during the period. Finally, Legacy Wealth Managment LLC ID boosted its stake in NextEra Energy by 23.2% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 112 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on NEE shares. Bank of America decreased their target price on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a research report on Monday, July 13th. Erste Group Bank cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Scotiabank boosted their price objective on NextEra Energy from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Jefferies Financial Group set a $94.00 price objective on NextEra Energy in a report on Tuesday, July 14th. Finally, Morgan Stanley restated an “overweight” rating and issued a $116.00 target price on shares of NextEra Energy in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.36.

NextEra Energy Stock Performance

Shares of NEE opened at $87.14 on Friday. The firm has a 50-day moving average price of $87.30 and a 200 day moving average price of $89.77. The firm has a market capitalization of $181.75 billion, a PE ratio of 19.58, a P/E/G ratio of 2.41 and a beta of 0.67. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. NextEra Energy, Inc. has a 52-week low of $69.24 and a 52-week high of $98.75.

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

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be paid a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, August 28th. 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.