Carnegie Investment Counsel Has $41.88 Million Stock Position in NextEra Energy, Inc. $NEE

Carnegie Investment Counsel cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 450,895 shares of the utilities provider’s stock after selling 7,246 shares during the period. NextEra Energy comprises approximately 0.8% of Carnegie Investment Counsel’s investment portfolio, making the stock its 29th biggest position. Carnegie Investment Counsel’s holdings in NextEra Energy were worth $41,879,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NEE. Wells Fargo & Company set a $102.00 price objective on shares of NextEra Energy and gave the stock an “overweight” rating in a research report on Friday, April 24th. BTIG Research reiterated a “buy” rating and issued a $112.00 price target on shares of NextEra Energy in a research note on Friday, April 24th. HSBC raised their price objective on NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Barclays set a $91.00 target price on NextEra Energy and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Wall Street Zen downgraded NextEra Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $99.90.

NextEra Energy Trading Up 0.9%

Shares of NEE stock traded up $0.79 during mid-day trading on Friday, hitting $87.89. The company’s stock had a trading volume of 11,222,744 shares, compared to its average volume of 11,218,148. The company has a market cap of $183.27 billion, a PE ratio of 22.36, a P/E/G ratio of 2.58 and a beta of 0.67. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54. The company’s fifty day simple moving average is $88.56 and its 200-day simple moving average is $88.87. NextEra Energy, Inc. has a 52 week low of $69.24 and a 52 week high of $98.75.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.03 by $0.06. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.43 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, equities research analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were paid 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 payout ratio is currently 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.