Nykredit A S purchased a new position in NextEra Energy, Inc. (NYSE:NEE – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 569,541 shares of the utilities provider’s stock, valued at approximately $49,989,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Czech National Bank boosted its holdings in shares of NextEra Energy by 4.7% during the second quarter. Czech National Bank now owns 593,568 shares of the utilities provider’s stock worth $52,097,000 after purchasing an additional 26,378 shares during the last quarter. Annex Advisory Services LLC lifted its position in NextEra Energy by 13.9% during the second quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider’s stock worth $62,405,000 after buying an additional 86,585 shares during the period. MGO One Seven LLC lifted its position in NextEra Energy by 12.1% during the fourth quarter. MGO One Seven LLC now owns 137,251 shares of the utilities provider’s stock worth $11,018,000 after buying an additional 14,828 shares during the period. Osprey Private Wealth LLC acquired a new stake in NextEra Energy in the 4th quarter worth about $1,044,000. Finally, Leonteq Securities AG acquired a new position in shares of NextEra Energy during the 4th quarter valued at about $1,246,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.
Analysts Set New Price Targets
NEE has been the topic of a number of research analyst reports. Jefferies Financial Group set a $94.00 price target on shares of NextEra Energy in a report on Tuesday, July 14th. Barclays set a $91.00 price target on NextEra Energy and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Morgan Stanley set a $114.00 target price on NextEra Energy and gave the stock an “overweight” rating in a report on Friday, August 21st. Erste Group Bank downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, Mizuho set a $95.00 price target on shares of NextEra Energy in a research report on Monday, July 27th. Seventeen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $100.33.
NextEra Energy Stock Down 0.9%
NYSE NEE opened at $83.33 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. NextEra Energy, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $98.75. The business has a 50 day moving average price of $86.54 and a two-hundred day moving average price of $89.41. The stock has a market cap of $173.81 billion, a PE ratio of 18.73, a P/E/G ratio of 2.60 and a beta of 0.65.
NextEra Energy (NYSE:NEE – Get Free Report) last posted its earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. The business had revenue of $7.53 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.
NextEra Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be issued a $0.6232 dividend. The ex-dividend date is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. NextEra Energy’s payout ratio is currently 55.96%.
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.
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