AGP Franklin LLC Sells 14,876 Shares of NextEra Energy, Inc. $NEE

AGP Franklin LLC reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 48.4% during the 1st quarter, HoldingsChannel reports. The fund owned 15,889 shares of the utilities provider’s stock after selling 14,876 shares during the quarter. AGP Franklin LLC’s holdings in NextEra Energy were worth $1,476,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Brighton Jones LLC raised its stake in shares of NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after acquiring an additional 298 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of NextEra Energy by 38.4% in the first quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock valued at $887,000 after purchasing an additional 3,479 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of NextEra Energy by 18.1% in the second quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock valued at $386,000 after purchasing an additional 852 shares during the last quarter. Finally, United Bank lifted its position in shares of NextEra Energy by 2.9% in the second quarter. United Bank now owns 15,596 shares of the utilities provider’s stock worth $1,083,000 after purchasing an additional 444 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings cut shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. BMO Capital Markets lowered their price target on shares of NextEra Energy from $104.00 to $102.00 and set an “outperform” rating on the stock in a research note on Monday, May 18th. BTIG Research reissued a “buy” rating and set a $112.00 price target on shares of NextEra Energy in a research report on Friday, April 24th. Sanford C. Bernstein set a $107.00 price objective on NextEra Energy and gave the company an “outperform” rating in a report on Tuesday, June 16th. Finally, Wall Street Zen raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.57.

NextEra Energy Stock Down 0.8%

Shares of NEE opened at $86.05 on Tuesday. NextEra Energy, Inc. has a 52 week low of $67.20 and a 52 week high of $98.75. The firm has a market cap of $179.45 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 2.54 and a beta of 0.68. The firm’s 50-day simple moving average is $90.07 and its 200 day simple moving average is $88.31. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.06. The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.43 billion. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm 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 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were paid a dividend of $0.6232 per share. The ex-dividend date was Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. NextEra Energy’s dividend payout ratio (DPR) is 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.