NextEra Energy, Inc. $NEE Shares Purchased by Eventide Asset Management LLC

Eventide Asset Management LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 608.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 100,245 shares of the utilities provider’s stock after acquiring an additional 86,093 shares during the period. Eventide Asset Management LLC’s holdings in NextEra Energy were worth $8,058,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Indivisible Partners purchased a new stake in NextEra Energy during the 4th quarter worth approximately $1,355,000. First Long Island Investors LLC purchased a new stake in NextEra Energy during the 3rd quarter worth approximately $14,198,000. SevenBridge Financial Group LLC increased its holdings in NextEra Energy by 39.7% during the 3rd quarter. SevenBridge Financial Group LLC now owns 49,603 shares of the utilities provider’s stock worth $3,745,000 after purchasing an additional 14,089 shares during the last quarter. Carnegie Investment Counsel increased its holdings in NextEra Energy by 9.4% during the 4th quarter. Carnegie Investment Counsel now owns 458,141 shares of the utilities provider’s stock worth $36,780,000 after purchasing an additional 39,250 shares during the last quarter. Finally, Swedbank AB increased its holdings in NextEra Energy by 13.4% during the 4th quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider’s stock worth $81,615,000 after purchasing an additional 120,389 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Down 0.1%

Shares of NEE stock opened at $85.92 on Monday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54. NextEra Energy, Inc. has a 1 year low of $67.20 and a 1 year high of $98.75. The stock has a fifty day moving average of $90.94 and a two-hundred day moving average of $88.27. The firm has a market capitalization 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.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.43 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The firm’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. As a group, research analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 5th will be given a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, June 5th. NextEra Energy’s payout ratio is 63.36%.

Wall Street Analysts Forecast Growth

NEE has been the topic of several analyst reports. Wells Fargo & Company set a $102.00 price objective on NextEra Energy and gave the stock an “overweight” rating in a report on Friday, April 24th. Morgan Stanley set a $111.00 price objective on NextEra Energy in a report on Thursday, May 21st. Jefferies Financial Group lifted their price objective on NextEra Energy from $92.00 to $93.00 and gave the stock a “hold” rating in a report on Tuesday, April 21st. DA Davidson lifted their price objective on NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, Evercore restated an “outperform” rating and set a $107.00 price objective on shares of NextEra Energy in a report on Monday, May 4th. One equities research 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, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $99.20.

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.