Avity Investment Management Inc. Increases Stake in NextEra Energy, Inc. $NEE

Key Points

• Avity Investment Management increased its NextEra Energy stake by 5.7% in the second quarter, adding 26,848 shares to own 500,576 shares valued at approximately $43.9 million.
• Institutional ownership remains high at 78.72%, while analysts maintain a generally positive view: NEE has a “Moderate Buy” consensus rating and an average price target of $99.36.
• NextEra beat quarterly earnings expectations with $1.15 in EPS versus $1.11 forecast, though revenue fell short of estimates; it also announced a quarterly dividend of $0.6232 per share, implying a 2.9% annualized yield.

Avity Investment Management Inc. raised its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 500,576 shares of the utilities provider's stock after purchasing an additional 26,848 shares during the quarter. NextEra Energy accounts for 2.8% of Avity Investment Management Inc.'s portfolio, making the stock its 14th biggest position. Avity Investment Management Inc.'s holdings in NextEra Energy were worth $43,936,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of NextEra Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider's stock worth $17,343,185,000 after purchasing an additional 2,234,176 shares during the period. Geode Capital Management LLC lifted its holdings in NextEra Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider's stock worth $3,781,790,000 after buying an additional 966,152 shares during the period. Norges Bank purchased a new stake in NextEra Energy in the 4th quarter worth approximately $2,816,327,000. Price T Rowe Associates Inc. MD grew its position in shares of NextEra Energy by 6.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider's stock worth $1,474,407,000 after buying an additional 1,136,074 shares during the last quarter. Finally, Deutsche Bank AG grew its position in shares of NextEra Energy by 2.9% in the 4th quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider's stock worth $1,387,347,000 after buying an additional 485,854 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NEE. Wells Fargo & Company set a $102.00 target price on NextEra Energy and gave the company an "overweight" rating in a report on Friday, April 24th. TD Cowen lifted their price target on shares of NextEra Energy from $99.00 to $101.00 and gave the company a "buy" rating in a report on Monday, April 27th. Sanford C. Bernstein restated an "outperform" rating and issued a $108.00 price objective on shares of NextEra Energy in a report on Monday, July 27th. Evercore reaffirmed an "outperform" rating and issued a $107.00 target price on shares of NextEra Energy in a research report on Monday, May 4th. Finally, Scotiabank lifted their target price on shares of NextEra Energy from $102.00 to $110.00 and gave the company a "sector perform" rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned 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 a consensus target price of $99.36.

NextEra Energy News Roundup

Here are the key news stories impacting NextEra Energy this week:

• Positive Sentiment: The proposed Dominion acquisition could significantly expand NextEra’s regulated utility footprint and create the world’s largest regulated electric utility. The combination may also improve access to growing electricity demand from data centers, artificial intelligence and other large-load customers. Can NextEra Energy Reshape the Grid Through a Landmark Combination?
• Positive Sentiment: Broader power-demand trends remain a potential long-term catalyst. Research cited in coverage says SpaceX’s expanding computing capacity could benefit power and grid companies, while NextEra’s renewable generation and utility infrastructure could position it to capture growth in data-center electricity consumption. SpaceX’s Need for Power Is a Clear Positive for These Companies
• Neutral Sentiment: Virginia Gov. Abigail Spanberger plans to formally intervene before the State Corporation Commission. Her participation allows the administration to request discovery, submit expert testimony and advocate for conditions affecting customers, but it does not by itself determine whether the merger will be approved. Spanberger Intervenes in Case to Decide Fate of Dominion-NextEra Merger
• Negative Sentiment: Spanberger is skeptical of the deal because of concerns about rising electricity bills and whether customers would benefit. Her intervention adds political and regulatory opposition, increasing the risk of delays, tougher merger conditions, higher transaction costs or failure to complete the acquisition. Virginia Governor to Intervene in NextEra-Dominion Merger Over Electricity Price Concerns

NextEra Energy Trading Up 0.2%

NEE opened at $84.74 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 52 week low of $69.24 and a 52 week high of $98.75. The stock has a market cap of $176.75 billion, a PE ratio of 19.04, a PEG ratio of 2.32 and a beta of 0.67. The business has a 50 day moving average of $87.12 and a 200-day moving average of $89.90.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.04. The company had revenue of $7.53 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities research analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be given a $0.6232 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. NextEra Energy's dividend 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.

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE - Free Report).

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