Apollon Wealth Management LLC Acquires 41,388 Shares of NextEra Energy, Inc. $NEE

Apollon Wealth Management LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 23.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,562 shares of the utilities provider’s stock after purchasing an additional 41,388 shares during the quarter. Apollon Wealth Management LLC’s holdings in NextEra Energy were worth $20,300,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Laurel Wealth Advisors LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at approximately $25,000. Anfield Capital Management LLC raised its holdings in NextEra Energy by 692.3% during the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after buying an additional 270 shares during the period. Wealth Watch Advisors INC lifted its stake in NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after buying an additional 226 shares in the last quarter. Osbon Capital Management LLC bought a new position in NextEra Energy in the fourth quarter valued at approximately $27,000. Finally, Strive Asset Management LLC bought a new position in NextEra Energy in the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NEE shares. TD Cowen increased their price objective on shares of NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Sanford C. Bernstein set a $107.00 price objective on shares of NextEra Energy and gave the company an “outperform” rating in a research report on Tuesday, June 16th. UBS Group boosted their price objective on shares of NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Evercore reaffirmed an “outperform” rating and issued a $107.00 target price on shares of NextEra Energy in a research note on Monday, May 4th. Finally, DA Davidson increased their target price on NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $99.86.

NextEra Energy Stock Performance

Shares of NEE opened at $88.29 on Monday. NextEra Energy, Inc. has a 12 month low of $67.20 and a 12 month high of $98.75. The firm has a fifty day simple moving average of $89.69 and a 200 day simple moving average of $88.44. The stock has a market capitalization of $184.11 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 2.60 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.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share 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 business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.43 billion. During the same quarter last year, the firm earned $0.99 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Research analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were issued a $0.6232 dividend. The ex-dividend date was Friday, June 5th. This represents a $2.49 annualized dividend and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is presently 63.36%.

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.