Banco Santander S.A. Trims Stock Holdings in NextEra Energy, Inc. $NEE

Key Points

• Banco Santander reduced its NextEra Energy stake by 5.7% in the second quarter, selling 16,574 shares and retaining 275,348 shares valued at approximately $24.2 million. Institutional investors collectively own 78.72% of NEE.
• Analysts maintain a “Moderate Buy” consensus, with one Strong Buy, 17 Buy and six Hold ratings; the average price target is $99.36 versus the stock’s $86.29 opening price.
• NextEra beat quarterly earnings expectations with EPS of $1.15 versus $1.11 estimated, 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.

Banco Santander S.A. lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 275,348 shares of the utilities provider's stock after selling 16,574 shares during the quarter. Banco Santander S.A.'s holdings in NextEra Energy were worth $24,167,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of NextEra Energy by 101.6% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 13,825 shares of the utilities provider's stock valued at $1,213,000 after purchasing an additional 6,966 shares during the period. Oregon Public Employees Retirement Fund boosted its position in NextEra Energy by 7.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 256,424 shares of the utilities provider's stock valued at $22,506,000 after buying an additional 17,919 shares during the last quarter. Duncker Streett & Co. Inc. increased its holdings in NextEra Energy by 2.1% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 9,216 shares of the utilities provider's stock worth $809,000 after buying an additional 190 shares during the period. Avantax Planning Partners Inc. increased its holdings in NextEra Energy by 2.7% in the 2nd quarter. Avantax Planning Partners Inc. now owns 18,988 shares of the utilities provider's stock worth $1,667,000 after buying an additional 491 shares during the period. Finally, Richard C. Young & CO. LTD. raised its position in NextEra Energy by 1.4% during the 2nd quarter. Richard C. Young & CO. LTD. now owns 109,981 shares of the utilities provider's stock worth $9,653,000 after buying an additional 1,551 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Wall Street Analyst Weigh In

NEE has been the subject of several research reports. Jefferies Financial Group set a $94.00 price objective on shares of NextEra Energy in a research note on Tuesday, July 14th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $108.00 price objective on shares of NextEra Energy in a research note on Monday, July 27th. TD Cowen raised their target price on shares of NextEra Energy from $99.00 to $101.00 and gave the stock a "buy" rating in a report on Monday, April 27th. Scotiabank boosted 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 report on Friday, April 24th. Finally, BMO Capital Markets upped their price target on shares of NextEra Energy from $94.00 to $96.00 and gave the company an "outperform" rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of "Moderate Buy" and an average price target of $99.36.

NextEra Energy Trading Up 0.1%

NEE stock opened at $86.29 on Wednesday. The company's 50-day simple moving average is $87.25 and its 200-day simple moving average is $89.96. 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 firm has a market cap of $179.98 billion, a P/E ratio of 19.39, a PEG ratio of 2.36 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.11 by $0.04. The company had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.NextEra Energy's quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company earned $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, equities analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be paid 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 currently 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.

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