Concurrent Investment Advisors LLC Acquires 49,644 Shares of NextEra Energy, Inc. $NEE

Key Points

• Concurrent Investment Advisors increased its NextEra Energy stake by 19.2% in the second quarter, adding 49,644 shares to hold 308,514 shares valued at approximately $27.1 million. Institutional investors collectively own 78.72% of NEE.
• NextEra Energy reported quarterly EPS of $1.15, beating the $1.11 consensus estimate, while revenue rose 12.4% year over year to $7.53 billion but fell short of expectations.
• The company declared a quarterly dividend of $0.6232, equivalent to a 3.0% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $100.33, compared with a recent share price of $83.33.

Concurrent Investment Advisors LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 19.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 308,514 shares of the utilities provider's stock after buying an additional 49,644 shares during the quarter. Concurrent Investment Advisors LLC's holdings in NextEra Energy were worth $27,078,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NEE. Geode Capital Management LLC raised its holdings in NextEra Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider's stock worth $3,781,790,000 after purchasing an additional 966,152 shares during the period. Norges Bank bought a new stake in NextEra Energy during the fourth quarter valued at about $2,816,327,000. Price T Rowe Associates Inc. MD increased its position in NextEra Energy by 6.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider's stock worth $1,474,407,000 after buying an additional 1,136,074 shares in the last quarter. Deutsche Bank AG increased its position in NextEra Energy by 2.9% in the fourth quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider's stock worth $1,387,347,000 after buying an additional 485,854 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of NextEra Energy by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 17,220,630 shares of the utilities provider's stock worth $1,382,473,000 after buying an additional 253,273 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NYSE:NEE opened at $83.33 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75. The stock has a 50-day moving average price of $86.54 and a 200 day moving average price of $89.41. The stock has a market capitalization of $173.81 billion, a P/E ratio of 18.73, a P/E/G ratio of 2.60 and a beta of 0.65.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The company 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 firm earned $1.05 EPS. The firm's revenue 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. Equities research analysts forecast 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. Stockholders of record on Friday, August 28th will be issued a $0.6232 dividend. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy's payout ratio is 55.96%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on NextEra Energy from $94.00 to $96.00 and gave the company an "outperform" rating in a research report on Monday, July 27th. Wall Street Zen lowered shares of NextEra Energy from a "sell" rating to a "strong sell" rating in a report on Saturday, August 22nd. Morgan Stanley set a $114.00 target price on shares of NextEra Energy and gave the stock an "overweight" rating in a research note on Friday, August 21st. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 13th. Finally, Erste Group Bank cut shares of NextEra Energy from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. Seventeen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company 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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