Citizens Financial Group Inc. RI Sells 6,535 Shares of NextEra Energy, Inc. $NEE

Citizens Financial Group Inc. RI lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 3.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 195,736 shares of the utilities provider’s stock after selling 6,535 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in NextEra Energy were worth $18,180,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of NextEra Energy during the 4th quarter worth approximately $2,816,327,000. Employees Provident Fund Board acquired a new position in NextEra Energy during the fourth quarter worth $240,840,000. Pictet Asset Management Holding SA increased its holdings in NextEra Energy by 47.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock worth $742,913,000 after buying an additional 2,972,924 shares during the last quarter. Danica Pension Livsforsikringsaktieselskab bought a new stake in NextEra Energy during the third quarter worth $177,198,000. Finally, Vanguard Group Inc. raised its position in NextEra Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock worth $17,343,185,000 after acquiring an additional 2,234,176 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE NEE traded up $0.79 during midday trading on Friday, reaching $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 debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54. The company has a market cap of $183.27 billion, a P/E ratio of 22.36, a P/E/G ratio of 2.58 and a beta of 0.67. The business’s 50 day moving average price is $88.56 and its two-hundred day moving average price is $88.87. NextEra Energy, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $98.75.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.43 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $0.99 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were given a dividend of $0.6232 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.49 annualized dividend and a yield of 2.8%. NextEra Energy’s dividend payout ratio is currently 63.36%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. BTIG Research reissued a “buy” rating and issued a $112.00 price objective on shares of NextEra Energy in a research report on Friday, April 24th. DA Davidson raised their target price on shares of NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Wall Street Zen downgraded NextEra Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Barclays set a $91.00 price objective on NextEra Energy and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Wells Fargo & Company set a $102.00 target price on NextEra Energy and gave the stock an “overweight” rating in a report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $99.90.

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.