Kestra Private Wealth Services LLC Sells 8,090 Shares of NextEra Energy, Inc. $NEE

Kestra Private Wealth Services LLC reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 278,369 shares of the utilities provider’s stock after selling 8,090 shares during the period. Kestra Private Wealth Services LLC’s holdings in NextEra Energy were worth $24,432,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NEE. Norges Bank bought a new position in NextEra Energy during the fourth quarter worth about $2,816,327,000. Employees Provident Fund Board bought a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $240,840,000. Pictet Asset Management Holding SA grew its stake in shares of NextEra Energy by 47.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock valued at $742,913,000 after purchasing an additional 2,972,924 shares during the period. Vanguard Group Inc. raised its holdings in shares of NextEra Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock worth $17,343,185,000 after buying an additional 2,234,176 shares in the last quarter. Finally, Amundi lifted its position in shares of NextEra Energy by 16.7% during the 3rd quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock worth $1,012,129,000 after buying an additional 1,780,881 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. BMO Capital Markets upped their price target on NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Scotiabank lifted their price objective on NextEra Energy from $102.00 to $110.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. HSBC boosted their target price on shares of NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Bank of America dropped 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. Finally, Weiss Ratings downgraded shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $99.36.

NextEra Energy Trading Up 0.1%

Shares of NEE opened at $86.29 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. The company has a market cap of $179.98 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.36 and a beta of 0.67. The stock has a fifty day moving average price of $87.25 and a two-hundred day moving average price of $89.96. NextEra Energy, Inc. has a 52-week low of $69.24 and a 52-week high of $98.75.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, July 24th. The utilities provider reported $1.15 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 prior year, the business earned $1.05 earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Analysts predict that NextEra Energy, Inc. will post 4.01 EPS 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. Shareholders of record on Friday, August 28th will be issued a dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. NextEra Energy’s dividend payout ratio is currently 55.96%.

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.