Essex Financial Services Inc. Cuts Position in NextEra Energy, Inc. $NEE

Essex Financial Services Inc. decreased its stake in NextEra Energy, Inc. (NYSE:NEE) by 13.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,204 shares of the utilities provider’s stock after selling 6,368 shares during the quarter. Essex Financial Services Inc.’s holdings in NextEra Energy were worth $3,388,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NEE. Laurel Wealth Advisors LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $25,000. Anfield Capital Management LLC boosted its holdings in shares of NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 270 shares during the period. Strive Asset Management LLC purchased a new position in shares of NextEra Energy in the 3rd quarter worth approximately $29,000. Quest 10 Wealth Builders Inc. boosted its holdings in shares of NextEra Energy by 135.4% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 379 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 218 shares during the period. Finally, Joseph Group Capital Management purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other news, Treasurer James Michael May sold 7,161 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $646,423.47. Following the completion of the transaction, the treasurer directly owned 26,719 shares of the company’s stock, valued at approximately $2,411,924.13. The trade was a 21.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $1,775,791.44. Following the completion of the transaction, the executive vice president directly owned 73,857 shares of the company’s stock, valued at approximately $6,667,071.39. The trade was a 21.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 31,767 shares of company stock valued at $2,881,077 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE stock opened at $86.96 on Friday. 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 stock has a 50 day moving average price of $92.25 and a 200 day moving average price of $88.22. The firm has a market capitalization of $181.33 billion, a P/E ratio of 22.13, a P/E/G ratio of 2.55 and a beta of 0.73. NextEra Energy, Inc. has a 52-week low of $66.77 and a 52-week high of $98.75.

NextEra Energy (NYSE:NEE) last issued 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. The business had revenue of $6.70 billion during 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%.NextEra Energy’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. NextEra Energy’s payout ratio is 63.36%.

Analysts Set New Price Targets

NEE has been the subject of a number of recent research reports. DA Davidson lifted 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. Evercore reiterated an “outperform” rating and issued a $107.00 target price on shares of NextEra Energy in a report on Monday, May 4th. BTIG Research reiterated a “buy” rating and issued a $112.00 target price on shares of NextEra Energy in a report on Friday, April 24th. Seaport Research Partners dropped their target price on NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a report on Monday, February 2nd. Finally, Wells Fargo & Company set a $102.00 price target on NextEra Energy and gave the stock an “overweight” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $99.20.

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.