Baker Avenue Asset Management LP Purchases 41,958 Shares of NextEra Energy, Inc. $NEE

Key Points

• Baker Avenue Asset Management increased its NextEra Energy stake by 40.6% in the second quarter, purchasing 41,958 shares to bring its total holdings to 145,423 shares valued at approximately $12.8 million.
• Institutional investors and hedge funds own 78.72% of NextEra Energy. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $100.43.
• NextEra reported quarterly earnings of $1.15 per share, beating estimates, while revenue rose 12.4% year over year. The company also declared a quarterly dividend of $0.6232 per share, representing a 2.9% annualized yield.

Baker Avenue Asset Management LP increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 40.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,423 shares of the utilities provider's stock after purchasing an additional 41,958 shares during the quarter. Baker Avenue Asset Management LP's holdings in NextEra Energy were worth $12,764,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $2,816,327,000. Employees Provident Fund Board bought a new stake in shares of NextEra Energy during the 4th quarter worth about $240,840,000. Pictet Asset Management Holding SA grew its position in shares of NextEra Energy by 47.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider's stock valued at $742,913,000 after purchasing an additional 2,972,924 shares during the last quarter. Vanguard Group Inc. grew its holdings in NextEra Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider's stock valued at $17,343,185,000 after buying an additional 2,234,176 shares in the last quarter. Finally, Amundi grew its stake in shares of NextEra Energy by 16.7% in the third quarter. Amundi now owns 12,461,783 shares of the utilities provider's stock valued at $1,012,129,000 after acquiring an additional 1,780,881 shares in 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 topic of a number of recent research reports. Erste Group Bank lowered NextEra Energy from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. TD Cowen upped their price objective on shares of NextEra Energy from $99.00 to $101.00 and gave the stock a "buy" rating in a research report on Monday, April 27th. Mizuho set a $95.00 target price on NextEra Energy in a research report on Monday, July 27th. JPMorgan Chase & Co. raised their price target 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. Finally, BTIG Research reaffirmed a "buy" rating and issued a $112.00 price objective on shares of NextEra Energy in a research note on Friday, April 24th. Seventeen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $100.43.

NextEra Energy Trading Down 0.3%

NYSE NEE opened at $85.98 on Thursday. 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 business has a 50 day moving average price of $87.26 and a 200-day moving average price of $89.94. NextEra Energy, Inc. has a 52 week low of $69.24 and a 52 week high of $98.75. The company has a market cap of $179.33 billion, a price-to-earnings ratio of 19.32, a P/E/G ratio of 2.36 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, beating 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 firm had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period last year, the firm earned $1.05 earnings per share. The business's quarterly 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. As a group, equities analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be paid a dividend of $0.6232 per share. The ex-dividend date is Friday, August 28th. This represents a $2.49 annualized dividend and a yield of 2.9%. NextEra Energy's dividend payout ratio (DPR) is 55.96%.

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.

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