Commerce Bank Purchases New Shares in NextEra Energy, Inc. $NEE

Commerce Bank acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,618,174 shares of the utilities provider's stock, valued at approximately $142,027,000. NextEra Energy accounts for about 0.6% of Commerce Bank's holdings, making the stock its 27th biggest position. Commerce Bank owned about 0.08% of NextEra Energy at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kilter Group LLC purchased a new position in NextEra Energy during the second quarter valued at $25,000. Anfield Capital Management LLC raised its holdings in NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider's stock worth $25,000 after buying an additional 270 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter worth approximately $25,000. Financial Life Planners bought a new position in shares of NextEra Energy in the first quarter worth approximately $30,000. Finally, Wealth Watch Advisors INC grew its holdings in shares of NextEra Energy by 223.8% during the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider's stock valued at $26,000 after buying an additional 226 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $81.74 on Monday. The stock has a market cap of $170.49 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 2.24 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. The firm has a fifty day moving average price of $86.95 and a 200-day moving average price of $89.70. 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 released its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.04. The company had revenue of $7.53 billion for the quarter, compared to analysts' expectations of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. NextEra Energy's revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share 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 issued 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 (DPR) is presently 55.96%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NEE. Jefferies Financial Group set a $94.00 target price on NextEra Energy in a research report on Tuesday, July 14th. Bank of America lowered their target price on NextEra Energy from $95.00 to $93.00 and set a "neutral" rating on the stock in a report on Monday, July 13th. Mizuho set a $95.00 price target on NextEra Energy in a research note on Monday, July 27th. 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. Finally, Morgan Stanley set a $114.00 price objective on shares of NextEra Energy and gave the stock an "overweight" rating in a report on Friday, August 21st. Seventeen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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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