BOCHK Asset Management Ltd Acquires Shares of 27,000 NextEra Energy, Inc. $NEE

Key Points

• BOCHK Asset Management purchased 27,000 NextEra Energy shares worth approximately $2.37 million, adding to significant institutional ownership that represents 78.72% of the company’s stock.
• Analysts maintain a favorable outlook, with 17 Buy ratings and six Holds producing a consensus “Moderate Buy” rating and an average price target of $100.33.
• NextEra reported quarterly EPS of $1.15, exceeding estimates, while revenue rose 12.4% year over year. The company also announced a quarterly dividend of $0.6232 per share, equivalent to a 3.0% annual yield.

BOCHK Asset Management Ltd purchased a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,000 shares of the utilities provider's stock, valued at approximately $2,370,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of NEE. Vanguard Group Inc. grew its position in shares of NextEra Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider's stock worth $17,343,185,000 after buying an additional 2,234,176 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of NextEra Energy by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider's stock worth $3,781,790,000 after buying an additional 966,152 shares during the last quarter. Norges Bank acquired a new stake in NextEra Energy in the fourth quarter valued at $2,816,327,000. Price T Rowe Associates Inc. MD boosted its stake in NextEra Energy by 6.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider's stock valued at $1,474,407,000 after acquiring an additional 1,136,074 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in NextEra Energy by 2.9% during the 4th quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider's stock valued at $1,387,347,000 after acquiring an additional 485,854 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on NEE. Scotiabank boosted their price objective on NextEra Energy from $102.00 to $110.00 and gave the company a "sector perform" rating in a report on Friday, April 24th. BMO Capital Markets increased their target price on NextEra Energy from $94.00 to $96.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $108.00 target price on shares of NextEra Energy in a research report on Monday, July 27th. Jefferies Financial Group set a $94.00 price target on NextEra Energy in a report on Tuesday, July 14th. Finally, BTIG Research reissued a "buy" rating and set a $112.00 price target on shares of NextEra Energy in a research report on Friday, April 24th. Seventeen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, NextEra Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.33.

NextEra Energy Stock Performance

NEE opened at $83.71 on Friday. The business has a 50 day moving average price of $87.22 and a two-hundred day moving average price of $89.88. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. The company has a market capitalization of $174.60 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 2.33 and a beta of 0.67. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $8.11 billion. During the same period in the previous year, the business earned $1.05 earnings per share. NextEra Energy's revenue for the quarter 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. Research analysts predict 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. Investors of record on Friday, August 28th will be issued a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, August 28th. 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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