Canada Pension Plan Investment Board Buys Shares of 4,438,044 NextEra Energy, Inc. $NEE

Key Points

• Canada Pension Plan Investment Board acquired 4.44 million NextEra Energy shares in the second quarter, valued at approximately $389.5 million and representing about 0.21% of the company. Institutional investors collectively own 78.72% of the stock.
• Analysts maintain a generally positive outlook, with 17 Buy ratings and six Hold ratings, resulting in a “Moderate Buy” consensus and an average price target of $100.33.
• NextEra Energy exceeded quarterly EPS expectations, reporting $1.15 versus the $1.11 consensus, while revenue rose 12.4% year over year. The company also announced a quarterly dividend of $0.6232 per share, representing a 3.0% annualized yield.

Canada Pension Plan Investment Board purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,438,044 shares of the utilities provider's stock, valued at approximately $389,527,000. Canada Pension Plan Investment Board owned about 0.21% of NextEra Energy as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Castleark Management LLC acquired a new stake in shares of NextEra Energy in the second quarter valued at approximately $584,000. Galaxy Digital Capital Management GP LLC acquired a new position in NextEra Energy during the second quarter worth $636,000. Kinloch Capital LLC bought a new position in NextEra Energy in the second quarter valued at $4,493,000. Royal Capital Wealth Management LLC bought a new position in NextEra Energy in the second quarter valued at $991,000. Finally, White Knight Strategic Wealth Advisors LLC acquired a new stake in NextEra Energy in the 2nd quarter valued at $341,000. 78.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on NEE shares. HC Wainwright reissued a "buy" rating on shares of NextEra Energy in a research report on Monday, July 27th. Morgan Stanley set a $114.00 price objective on NextEra Energy and gave the company an "overweight" rating in a report on Friday, August 21st. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $100.00 to $105.00 and gave the company an "overweight" rating in a research report on Wednesday, May 13th. Barclays set a $91.00 price target on NextEra Energy and gave the company an "equal weight" rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings downgraded NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, June 11th. Seventeen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $100.33.

NextEra Energy Stock Up 0.8%

NextEra Energy stock opened at $82.46 on Tuesday. The firm has a market capitalization of $172.00 billion, a PE ratio of 18.53, a P/E/G ratio of 2.24 and a beta of 0.67. The company's 50-day moving average is $86.88 and its 200-day moving average is $89.64. NextEra Energy, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $98.75. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its 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. 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 the consensus estimate of $8.11 billion. During the same period last year, the business posted $1.05 EPS. NextEra Energy'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. Sell-side analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current 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 paid a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, August 28th. 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.

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