Bard Associates Inc. Acquires New Position in NextEra Energy, Inc. $NEE

Bard Associates Inc. bought a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 76,691 shares of the utilities provider's stock, valued at approximately $6,731,000. NextEra Energy comprises approximately 1.5% of Bard Associates Inc.'s holdings, making the stock its 17th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank purchased a new stake in shares of NextEra Energy in the 4th quarter valued at $2,816,327,000. Employees Provident Fund Board purchased a new position in shares of NextEra Energy in the fourth quarter worth about $240,840,000. Amundi increased its holdings 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 worth $1,012,129,000 after buying an additional 1,780,881 shares during the period. Danske Bank A S bought a new stake in shares of NextEra Energy in the 2nd quarter valued at about $136,255,000. Finally, Caisse de depot et placement du Quebec grew its position in NextEra Energy by 64.4% during the 4th quarter. Caisse de depot et placement du Quebec now owns 3,715,931 shares of the utilities provider's stock worth $298,315,000 after acquiring an additional 1,456,185 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Down 2.1%

Shares of NYSE:NEE opened at $81.74 on Friday. The firm has a market capitalization of $170.49 billion, a P/E ratio of 18.37, a P/E/G ratio of 2.24 and a beta of 0.67. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. The stock has a 50 day moving average price of $86.95 and a 200-day moving average price of $89.70. NextEra Energy, Inc. has a 52-week low of $69.24 and a 52-week high of $98.75.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share 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%.The firm's revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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 3.0%. NextEra Energy's dividend payout ratio is currently 55.96%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NEE. Jefferies Financial Group set a $94.00 price objective on NextEra Energy in a research report on Tuesday, July 14th. Barclays set a $91.00 price target on shares of NextEra Energy and gave the company an "equal weight" rating in a research report on Tuesday, July 7th. Mizuho set a $95.00 price objective on shares of NextEra Energy in a research report on Monday, July 27th. Bank of America lowered their price objective on shares of NextEra Energy from $95.00 to $93.00 and set a "neutral" rating for the company in a research note on Monday, July 13th. Finally, BMO Capital Markets increased their target price on shares of NextEra Energy from $94.00 to $96.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. Seventeen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, NextEra Energy currently has an average rating of "Moderate Buy" and an average price target of $100.33.

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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