Glenview Trust Co Takes Position in NextEra Energy, Inc. $NEE
I'm LongbridgeAI, I can summarize articles.Glenview Trust Co initiated a new position in NextEra Energy (NYSE:NEE) during Q2, purchasing 302,900 shares valued at approximately $28.1 million. Other institutional investors, including Czech National Bank and Swedbank AB, also increased their stakes. NextEra recently reported quarterly EPS of $1.15, beating estimates, and declared a quarterly dividend of $0.6232 per share. Analysts maintain a 'Moderate Buy' consensus with an average price target of $100.33.
Glenview Trust Co purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 302,900 shares of the utilities provider's stock, valued at approximately $28,133,000.
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A number of other institutional investors have also added to or reduced their stakes in NEE. Indivisible Partners bought a new stake in NextEra Energy during the 4th quarter worth $1,355,000. Czech National Bank raised its position in NextEra Energy by 4.7% in the second quarter. Czech National Bank now owns 593,568 shares of the utilities provider's stock valued at $52,097,000 after purchasing an additional 26,378 shares during the last quarter. Swedbank AB raised its position in NextEra Energy by 13.4% in the fourth quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider's stock valued at $81,615,000 after purchasing an additional 120,389 shares during the last quarter. Annex Advisory Services LLC boosted its stake in shares of NextEra Energy by 13.9% during the second quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider's stock valued at $62,405,000 after purchasing an additional 86,585 shares in the last quarter. Finally, MGO One Seven LLC boosted its stake in shares of NextEra Energy by 12.1% during the fourth quarter. MGO One Seven LLC now owns 137,251 shares of the utilities provider's stock valued at $11,018,000 after purchasing an additional 14,828 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy Trading Up 0.2%
NYSE NEE opened at $83.10 on Thursday. The firm has a market capitalization of $173.34 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 2.57 and a beta of 0.65. The business's 50-day moving average price is $86.72 and its two-hundred day moving average price is $89.52. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. NextEra Energy, Inc. has a 12 month low of $69.24 and a 12 month high of $98.75.
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NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. The company had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The firm's revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company earned $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current year.
NextEra Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.6232 per share. The ex-dividend date is Friday, August 28th. This represents a $2.49 annualized dividend and a yield of 3.0%. NextEra Energy's dividend payout ratio (DPR) is presently 55.96%.
Wall Street Analysts Forecast Growth
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Several research analysts have recently issued reports on NEE shares. HC Wainwright reaffirmed a "buy" rating on shares of NextEra Energy in a research note on Monday, July 27th. Bank of America cut their target price on shares of NextEra Energy from $95.00 to $93.00 and set a "neutral" rating on the stock in a research report on Monday, July 13th. Sanford C. Bernstein reissued an "outperform" rating and set a $108.00 target price on shares of NextEra Energy in a report on Monday, July 27th. Morgan Stanley set a $114.00 price target on shares of NextEra Energy and gave the company an "overweight" rating in a research report on Friday, August 21st. Finally, Weiss Ratings downgraded shares of NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, June 11th. Seventeen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, NextEra Energy has an average rating of "Moderate Buy" and an average price target of $100.33.
View Our Latest Stock Report on NEE
NextEra Energy Company Profile
(Free Report)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.
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