BNP Paribas Purchases 32,349 Shares of NextEra Energy, Inc. $NEE

Key Points

• BNP Paribas increased its NextEra Energy position by 44.9% in the second quarter, acquiring 32,349 additional shares for a total of 104,457 shares valued at approximately $9.2 million.
• Institutional ownership remains high at 78.72%, with Norges Bank, Legal & General, GQG Partners, and several major pension funds among the investors establishing or expanding positions.
• NextEra reported quarterly EPS of $1.15, beating estimates by $0.04, and declared a quarterly dividend of $0.6232 per share, representing an annualized yield of about 3.0%. Analysts have a consensus “Moderate Buy” rating and an average price target of $100.33.

BNP Paribas raised its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 44.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,457 shares of the utilities provider's stock after acquiring an additional 32,349 shares during the period. BNP Paribas' holdings in NextEra Energy were worth $9,198,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $2,816,327,000. Legal & General Group Plc bought a new position in NextEra Energy in the second quarter worth $1,465,987,000. GQG Partners LLC bought a new position in NextEra Energy in the second quarter worth $651,293,000. Canada Pension Plan Investment Board bought a new position in NextEra Energy in the second quarter worth $389,527,000. Finally, Caisse de depot et placement du Quebec acquired a new stake in NextEra Energy during the second quarter worth $288,886,000. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Up 0.2%

NEE opened at $83.10 on Thursday. The firm's 50-day simple moving average is $86.72 and its 200-day simple moving average is $89.52. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. NextEra Energy, Inc. has a twelve month low of $69.24 and a twelve month high of $98.75. The firm has a market cap of $173.34 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 2.57 and a beta of 0.65.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.04. The firm had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The firm's quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the firm posted $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. 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 declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be given a dividend of $0.6232 per share. The ex-dividend date is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. NextEra Energy's dividend payout ratio is 55.96%.

Analyst Ratings Changes

NEE has been the topic of several analyst reports. Barclays set a $91.00 price target on shares of NextEra Energy and gave the company an "equal weight" rating in a report on Tuesday, July 7th. HC Wainwright reiterated a "buy" rating on shares of NextEra Energy in a research report on Monday, July 27th. Sanford C. Bernstein reissued an "outperform" rating and issued a $108.00 target price on shares of NextEra Energy in a research note on Monday, July 27th. Morgan Stanley set a $114.00 price target on shares of NextEra Energy and gave the stock an "overweight" rating in a research report on Friday, August 21st. Finally, Mizuho set a $95.00 price target on shares of NextEra Energy in a research note on Monday, July 27th. Seventeen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $100.33.

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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