Pinnacle Associates increased its NextEra Energy stake by 11.8%, holding 262,147 shares worth $18.56 million.
Pinnacle Associates Ltd. raised its stake in NextEra Energy (NYSE: NEE) by 11.8%, now holding 262,147 shares valued at $18.56 million. The company reported Q2 earnings of $0.96 per share, surpassing estimates of $0.93, and announced a quarterly dividend of $0.515, yielding 2.56%. Institutional investors hold 78.72% of the company. Multiple brokerages have upgraded their ratings, with target prices ranging from $81 to $95.
August 31, 2024
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