Adams Diversified Equity Fund Inc. Increases Stake in NextEra Energy, Inc. $NEE

Adams Diversified Equity Fund Inc. grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 58.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 259,400 shares of the utilities provider’s stock after purchasing an additional 96,100 shares during the quarter. Adams Diversified Equity Fund Inc.’s holdings in NextEra Energy were worth $24,093,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Laurel Wealth Advisors LLC bought a new stake in NextEra Energy in the 4th quarter valued at $25,000. Anfield Capital Management LLC boosted its stake in NextEra Energy by 692.3% during 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 during the last quarter. Wealth Watch Advisors INC grew its holdings in NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after buying an additional 226 shares in the last quarter. Osbon Capital Management LLC purchased a new position in NextEra Energy during the 4th quarter valued at approximately $27,000. Finally, Strive Asset Management LLC bought a new stake in NextEra Energy in the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NEE shares. BMO Capital Markets decreased their price objective on NextEra Energy from $104.00 to $102.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. BTIG Research reissued a “buy” rating and issued a $112.00 target price on shares of NextEra Energy in a report on Friday, April 24th. TD Cowen boosted their price target on shares of NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Finally, DA Davidson increased their price objective 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. 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 stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $99.86.

NextEra Energy Price Performance

NEE opened at $88.29 on Friday. The business has a fifty day moving average of $89.69 and a 200 day moving average of $88.38. NextEra Energy, Inc. has a 52-week low of $67.20 and a 52-week high of $98.75. 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 stock has a market cap of $184.11 billion, a P/E ratio of 22.47, a PEG ratio of 2.60 and a beta of 0.68.

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

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were paid a $0.6232 dividend. This represents a $2.49 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, June 5th. NextEra Energy’s dividend payout ratio (DPR) 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.