56,126 Shares in NextEra Energy, Inc. $NEE Bought by Westpac Banking Corp

Key Points

• Westpac Banking Corp acquired 56,126 NextEra Energy shares during the second quarter, valued at approximately $4.9 million. Institutional investors collectively own 78.72% of the company.
• NextEra reported quarterly earnings of $1.15 per share, exceeding estimates of $1.11, while revenue rose 12.4% year over year to $7.53 billion, below the $8.11 billion consensus.
• The company declared a quarterly dividend of $0.6232 per share, equivalent to an annualized $2.49 payout and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $100.33.

Westpac Banking Corp bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 56,126 shares of the utilities provider's stock, valued at approximately $4,926,000.

A number of other institutional investors have also recently added to or reduced their stakes in NEE. Iyo Bank Ltd. acquired a new stake in NextEra Energy during the second quarter worth about $7,250,000. TRB Wealth Management LLC acquired a new position in shares of NextEra Energy in the 2nd quarter valued at about $585,000. Sumitomo Life Insurance Co. purchased a new stake in shares of NextEra Energy during the 2nd quarter worth about $18,175,000. Korea Investment CORP purchased a new stake in shares of NextEra Energy during the 2nd quarter worth about $131,528,000. Finally, EP Wealth Advisors LLC acquired a new stake in NextEra Energy during the 2nd quarter worth approximately $64,674,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Down 2.1%

Shares of NYSE NEE opened at $81.74 on Friday. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75. The firm has a market cap of $170.49 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.24 and a beta of 0.67. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. The stock's 50-day simple moving average is $86.95 and its 200-day simple moving average is $89.70.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $8.11 billion. During the same quarter in the prior year, the business posted $1.05 earnings per share. NextEra Energy'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. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be given a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy's dividend payout ratio is presently 55.96%.

Analyst Ratings Changes

Several research firms recently commented on NEE. HC Wainwright restated a "buy" rating on shares of NextEra Energy in a report on Monday, July 27th. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 13th. DA Davidson increased their price objective on shares of NextEra Energy from $95.00 to $105.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Jefferies Financial Group set a $94.00 target price on shares of NextEra Energy in a research note on Tuesday, July 14th. Finally, Bank of America reduced their target price on shares of NextEra Energy from $95.00 to $93.00 and set a "neutral" rating on the stock in a report on Monday, July 13th. Seventeen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $100.33.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source