Parr Mcknight Wealth Management Group LLC Raises Position in NextEra Energy, Inc. $NEE

Parr Mcknight Wealth Management Group LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 20.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,004 shares of the utilities provider’s stock after acquiring an additional 12,961 shares during the period. Parr Mcknight Wealth Management Group LLC’s holdings in NextEra Energy were worth $6,671,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in NextEra Energy during the 4th quarter worth $2,816,327,000. Employees Provident Fund Board purchased a new position in shares of NextEra Energy in the 4th quarter valued at about $240,840,000. Pictet Asset Management Holding SA grew its position in shares of NextEra Energy by 47.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock worth $742,913,000 after buying an additional 2,972,924 shares in the last quarter. Amundi increased its stake in shares of NextEra Energy by 16.7% during the third 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. Finally, Caisse de depot et placement du Quebec raised its holdings in NextEra Energy by 64.4% in the fourth quarter. Caisse de depot et placement du Quebec now owns 3,715,931 shares of the utilities provider’s stock valued at $298,315,000 after acquiring an additional 1,456,185 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE opened at $84.10 on Tuesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75. The stock has a market cap of $175.41 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67. The firm has a fifty day moving average price of $87.18 and a 200 day moving average price of $89.87.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share (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 analyst estimates of $8.11 billion. During the same quarter last year, the company posted $1.05 earnings per share. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed 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. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s dividend payout ratio is presently 55.96%.

Analyst Ratings Changes

Several research analysts have commented on NEE shares. Erste Group Bank cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Barclays set a $91.00 price objective on shares of NextEra Energy and gave the company an “equal weight” rating in a report on Tuesday, July 7th. HC Wainwright reaffirmed a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. BMO Capital Markets increased their target price on NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. lifted their price target on NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Seventeen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $100.33.

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.