2,418,915 Shares in NextEra Energy, Inc. $NEE Acquired by Cullen Capital Management LLC

Key Points

• Cullen Capital Management acquired 2.42 million NextEra Energy shares worth approximately $212.3 million, making NEE 2.1% of its portfolio and its 16th-largest holding. Institutional investors and hedge funds own 78.72% of the company.
• Analysts maintain a positive outlook, with 17 Buy ratings and six Holds producing a consensus “Moderate Buy” rating and an average price target of $100.33.
• NextEra reported quarterly EPS of $1.15, beating estimates by $0.04, while revenue rose 12.4% year over year to $7.53 billion. The company also declared a quarterly dividend of $0.6232, equivalent to a 3.0% annualized yield.

Cullen Capital Management LLC acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,418,915 shares of the utilities provider's stock, valued at approximately $212,308,000. NextEra Energy accounts for about 2.1% of Cullen Capital Management LLC's investment portfolio, making the stock its 16th biggest holding. Cullen Capital Management LLC owned approximately 0.12% of NextEra Energy at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NEE. Kilter Group LLC bought a new position in shares of NextEra Energy during the second quarter worth about $25,000. Anfield Capital Management LLC raised its stake in shares of 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 purchasing an additional 270 shares in the last quarter. Financial Life Planners acquired a new stake in shares of NextEra Energy in the 1st quarter worth approximately $30,000. Wealth Watch Advisors INC raised its stake in shares of NextEra Energy by 223.8% in the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider's stock worth $26,000 after buying an additional 226 shares in the last quarter. Finally, Manning & Napier Advisors LLC lifted its holdings in NextEra Energy by 104.9% in the 1st quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 172 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NEE has been the subject of a number of analyst reports. Morgan Stanley set a $114.00 price objective on shares of NextEra Energy and gave the company an "overweight" rating in a research note on Friday, August 21st. JPMorgan Chase & Co. raised their price target on NextEra Energy from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 13th. Sanford C. Bernstein restated an "outperform" rating and set a $108.00 price target on shares of NextEra Energy in a report on Monday, July 27th. DA Davidson upped their target price on NextEra Energy from $95.00 to $105.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Finally, Mizuho set a $95.00 price target on shares of NextEra Energy in a report on Monday, July 27th. Seventeen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of "Moderate Buy" and a consensus price target of $100.33.

NextEra Energy Stock Up 0.8%

NYSE NEE opened at $82.46 on Tuesday. NextEra Energy, Inc. has a twelve month low of $69.24 and a twelve month high of $98.75. The stock has a market cap of $172.00 billion, a PE ratio of 18.53, a PEG ratio of 2.24 and a beta of 0.67. The firm has a 50-day simple moving average of $86.88 and a 200 day simple moving average of $89.64. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.11 by $0.04. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The firm had revenue of $7.53 billion during the quarter, compared to analysts' expectations of $8.11 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. The company's revenue for the quarter was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, research analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be given a $0.6232 dividend. This represents a $2.49 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy's dividend payout ratio (DPR) is 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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