Baldwin Investment Management LLC Purchases 24,850 Shares of NextEra Energy, Inc. $NEE

Key Points

• Baldwin Investment Management increased its NextEra Energy stake by 66.1% in the second quarter, purchasing 24,850 additional shares and bringing its total holdings to 62,458 shares valued at $5.48 million. Institutional investors collectively own 78.72% of NEE.
• Analysts maintain a favorable outlook, with NextEra receiving a “Moderate Buy” consensus rating and an average price target of $99.36, compared with its recent opening price of $86.29.
• NextEra exceeded quarterly earnings expectations with $1.15 in EPS versus the $1.11 consensus, 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.

Baldwin Investment Management LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 66.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,458 shares of the utilities provider's stock after purchasing an additional 24,850 shares during the quarter. Baldwin Investment Management LLC's holdings in NextEra Energy were worth $5,482,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position in NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after acquiring an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after purchasing an additional 298 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of NextEra Energy by 38.4% in the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider's stock worth $887,000 after purchasing an additional 3,479 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of NextEra Energy by 18.1% in the second quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider's stock worth $386,000 after purchasing an additional 852 shares during the last quarter. Finally, United Bank raised its stake in shares of NextEra Energy by 2.9% in the second quarter. United Bank now owns 15,596 shares of the utilities provider's stock worth $1,083,000 after purchasing an additional 444 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NEE has been the topic of several recent analyst reports. DA Davidson increased their price objective on NextEra Energy from $95.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Erste Group Bank lowered NextEra Energy from a "buy" rating to a "hold" rating in a research report on Thursday, June 25th. Scotiabank upped 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. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $108.00 price target on shares of NextEra Energy in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. lifted their price target 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. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $99.36.

NextEra Energy Stock Performance

NEE opened at $86.29 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The company has a market cap of $179.98 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.36 and a beta of 0.67. The company's 50 day moving average is $87.25 and its 200 day moving average is $89.96. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its 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 net margin of 32.40% and a return on equity of 12.28%. The business had revenue of $7.53 billion during the quarter, compared to analysts' expectations of $8.11 billion. During the same period in the prior year, the company earned $1.05 earnings per share. The firm's revenue 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, equities research analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be given a dividend of $0.6232 per share. 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 payout ratio is presently 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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