AXQ Capital LP Invests $5.20 Million in NextEra Energy, Inc. $NEE

Key Points

• AXQ Capital LP acquired 59,213 NextEra Energy shares worth approximately $5.2 million in the second quarter, making NEE 0.6% of its portfolio and its 17th-largest holding.
• Analyst sentiment remains favorable, with 17 Buy ratings and six Holds producing a “Moderate Buy” consensus and an average price target of $100.33.
• NextEra reported quarterly EPS of $1.15, exceeding estimates, while revenue rose 12.4% year over year to $7.53 billion. The company also announced a $0.6232 quarterly dividend, equivalent to a 3.0% annualized yield.

AXQ Capital LP acquired a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 59,213 shares of the utilities provider's stock, valued at approximately $5,197,000. NextEra Energy makes up 0.6% of AXQ Capital LP's portfolio, making the stock its 17th biggest holding.

Other institutional investors have also modified their holdings of the company. Anfield Capital Management LLC raised its holdings in NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 270 shares during the last quarter. Kilter Group LLC purchased a new position in NextEra Energy in the second quarter valued at about $25,000. Wealth Watch Advisors INC raised its stake in shares of NextEra Energy by 223.8% during the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 226 shares during the period. Manning & Napier Advisors LLC purchased a new stake in NextEra Energy during the 2nd quarter worth $26,000. Finally, Pin Oak Investment Advisors Inc. acquired a new position in shares of NextEra Energy in the second quarter worth about $26,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NEE. Morgan Stanley set a $114.00 price objective on NextEra Energy and gave the company an "overweight" rating in a report on Friday, August 21st. Sanford C. Bernstein restated an "outperform" rating and issued a $108.00 target price on shares of NextEra Energy in a research report on Monday, July 27th. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Wednesday, May 13th. Bank of America dropped 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. Finally, Weiss Ratings cut shares of NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, June 11th. Seventeen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus price target of $100.33.

NextEra Energy Stock Down 0.9%

Shares of NEE stock opened at $83.33 on Friday. NextEra Energy, Inc. has a 12 month low of $69.24 and a 12 month high of $98.75. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. The firm has a market cap of $173.81 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 2.60 and a beta of 0.65. The stock has a 50 day moving average of $86.54 and a 200-day moving average of $89.41.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The business had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the previous year, the firm posted $1.05 earnings per share. NextEra Energy's revenue was up 12.4% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, equities analysts predict 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 paid 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 is Friday, August 28th. NextEra Energy's dividend payout ratio is presently 55.96%.

NextEra Energy 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.

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