Destination Wealth Management Raises Stock Holdings in NextEra Energy, Inc. $NEE

Destination Wealth Management raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 228.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,461 shares of the utilities provider’s stock after purchasing an additional 9,359 shares during the quarter. Destination Wealth Management’s holdings in NextEra Energy were worth $1,081,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NEE. Brighton Jones LLC increased its position in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC increased its position in NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares during the period. Acadian Asset Management LLC increased its position in NextEra Energy by 38.4% during the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock valued at $887,000 after purchasing an additional 3,479 shares during the period. Sivia Capital Partners LLC increased its position in NextEra Energy by 18.1% during the 2nd 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 during the period. Finally, United Bank increased its position in NextEra Energy by 2.9% during the 2nd 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 during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NEE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Wells Fargo & Company set a $102.00 price objective on shares of NextEra Energy and gave the company an “overweight” rating in a research report on Friday, April 24th. Erste Group Bank raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. BMO Capital Markets dropped their target price on shares of NextEra Energy from $104.00 to $102.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. Finally, Morgan Stanley set a $111.00 target price on shares of NextEra Energy in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.20.

NextEra Energy Stock Performance

Shares of NEE stock opened at $85.92 on Monday. NextEra Energy, Inc. has a 12 month low of $67.20 and a 12 month high of $98.75. The stock has a market cap of $179.18 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 2.52 and a beta of 0.68. 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’s fifty day moving average price is $90.94 and its 200-day moving average price is $88.27.

NextEra Energy (NYSE:NEE) last announced its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, beating 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 analysts’ expectations of $7.43 billion. During the same quarter in the previous year, the business posted $0.99 EPS. The company’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, equities analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be issued 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, June 5th. NextEra Energy’s payout ratio is 63.36%.

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.