Axxcess Wealth Management LLC Sells 10,709 Shares of NextEra Energy, Inc. $NEE

Axxcess Wealth Management LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 9.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 104,785 shares of the utilities provider’s stock after selling 10,709 shares during the quarter. Axxcess Wealth Management LLC’s holdings in NextEra Energy were worth $9,732,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NEE. Walker Asset Management LLC lifted its position in NextEra Energy by 2.2% in the first quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider’s stock valued at $465,000 after purchasing an additional 107 shares during the last quarter. PUREfi Wealth LLC boosted its position in NextEra Energy by 0.9% during the 1st quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider’s stock valued at $1,170,000 after buying an additional 107 shares during the period. Garrison Point Advisors LLC grew its holdings in NextEra Energy by 0.4% in the 4th quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider’s stock worth $2,269,000 after acquiring an additional 109 shares during the last quarter. 3Chopt Investment Partners LLC raised its stake in shares of NextEra Energy by 0.8% during the fourth quarter. 3Chopt Investment Partners LLC now owns 14,105 shares of the utilities provider’s stock valued at $1,132,000 after acquiring an additional 114 shares during the last quarter. Finally, Nemes Rush Group LLC increased its holdings in NextEra Energy by 5.2% during the 4th quarter. Nemes Rush Group LLC now owns 2,354 shares of the utilities provider’s stock valued at $189,000 after purchasing an additional 117 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 1.3%

NEE stock opened at $88.56 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41. The business has a 50 day moving average of $89.02 and a 200 day moving average of $88.78. NextEra Energy, Inc. has a twelve month low of $69.24 and a twelve month high of $98.75. The firm has a market cap of $184.68 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.56 and a beta of 0.67.

NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $7.43 billion. During the same period in the previous year, the company earned $0.99 earnings per share. The business’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. On average, 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 dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, June 5th. NextEra Energy’s payout ratio is presently 63.36%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wells Fargo & Company set a $102.00 price target on shares of NextEra Energy and gave the company an “overweight” rating in a report on Friday, April 24th. TD Cowen lifted their target price on shares of NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, April 27th. DA Davidson boosted their price target on shares of NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Finally, BTIG Research restated a “buy” rating and issued a $112.00 price objective on shares of NextEra Energy in a report on Friday, April 24th. Two investment 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’s stock. According to data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $99.90.

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.