Danica Pension Livsforsikringsaktieselskab Invests $73.11 Million in NextEra Energy, Inc. $NEE

Key Points

• Danica Pension acquired 832,935 shares of NextEra Energy worth approximately $73.1 million, making the utility its 20th-largest portfolio holding and representing 1.2% of assets. Institutional investors collectively own 78.72% of NEE.
• Analysts maintain a generally positive view, with 17 Buy ratings and six Holds. NextEra has a consensus rating of “Moderate Buy” and an average price target of $100.33.
• NextEra exceeded quarterly earnings expectations with adjusted EPS of $1.15 versus $1.11 expected, while revenue rose 12.4% year over year to $7.53 billion. The company also declared a quarterly dividend of $0.6232 per share, implying a 3.0% annualized yield.

Danica Pension Livsforsikringsaktieselskab acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 832,935 shares of the utilities provider's stock, valued at approximately $73,107,000. NextEra Energy accounts for 1.2% of Danica Pension Livsforsikringsaktieselskab's portfolio, making the stock its 20th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new stake in shares of NextEra Energy during the fourth quarter worth $25,000. Anfield Capital Management LLC grew its holdings in shares of 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 purchasing an additional 270 shares during the last quarter. Wealth Watch Advisors INC grew its holdings in shares of NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider's stock worth $26,000 after purchasing an additional 226 shares during the last quarter. Osbon Capital Management LLC purchased a new position in NextEra Energy in the 4th quarter worth about $27,000. Finally, Strive Asset Management LLC purchased a new position in NextEra Energy in the 3rd quarter worth about $29,000. Institutional investors own 78.72% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on NEE. Weiss Ratings cut shares of NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, June 11th. HC Wainwright reaffirmed a "buy" rating on shares of NextEra Energy in a research report on Monday, July 27th. Morgan Stanley set a $114.00 target price on shares of NextEra Energy and gave the stock an "overweight" rating in a research report on Friday, August 21st. Jefferies Financial Group set a $94.00 price target on shares of NextEra Energy in a research note on Tuesday, July 14th. Finally, DA Davidson boosted their price target on NextEra Energy from $95.00 to $105.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. Seventeen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, NextEra Energy has a consensus rating of "Moderate Buy" and an average target price of $100.33.

NextEra Energy Stock Performance

Shares of NEE stock opened at $83.51 on Friday. The firm has a market cap of $174.18 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 2.30 and a beta of 0.67. NextEra Energy, Inc. has a 52-week low of $69.24 and a 52-week high of $98.75. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. The company's 50 day moving average is $87.05 and its 200 day moving average is $89.75.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share 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 during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. 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. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed 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 of this dividend 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 (DPR) is presently 55.96%.

About NextEra Energy

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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