Dearborn Partners LLC Buys Shares of 226,440 NextEra Energy, Inc. $NEE

Key Points

• Dearborn Partners initiated a position in NextEra Energy by purchasing 226,440 shares valued at approximately $21.0 million. Institutional investors own 78.72% of the company.
• NextEra Energy reported quarterly EPS of $1.15, exceeding estimates of $1.11, 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 per share, equivalent to an annualized dividend of $2.49 and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $100.33.

Dearborn Partners LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 226,440 shares of the utilities provider's stock, valued at approximately $21,032,000.

A number of other large investors also recently made changes to their positions in NEE. Walker Asset Management LLC grew its stake in NextEra Energy by 2.2% in the 1st quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider's stock valued at $465,000 after buying an additional 107 shares in the last quarter. PUREfi Wealth LLC increased its holdings in shares of NextEra Energy by 0.9% during the first quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider's stock valued at $1,170,000 after acquiring an additional 107 shares in the last quarter. Garrison Point Advisors LLC lifted its stake in NextEra Energy by 0.4% during the 4th quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider's stock valued at $2,269,000 after acquiring an additional 109 shares during the period. Cornerstone Planning Group LLC increased its holdings in NextEra Energy by 12.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider's stock worth $94,000 after acquiring an additional 111 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID lifted its holdings in shares of NextEra Energy by 23.2% in the first quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider's stock worth $55,000 after buying an additional 112 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

NYSE:NEE opened at $82.46 on Tuesday. The firm's 50-day moving average is $86.88 and its 200-day moving average is $89.64. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. The company has a market cap of $172.00 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 2.24 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.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $8.11 billion. During the same period last year, the business earned $1.05 earnings per share. The business'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. Equities research 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 declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 annualized dividend and a yield of 3.0%. NextEra Energy's payout ratio is 55.96%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NEE shares. Evercore reiterated an "outperform" rating and issued a $107.00 price target on shares of NextEra Energy in a research note on Monday, May 4th. Jefferies Financial Group set a $94.00 price target on shares of NextEra Energy in a research note on Tuesday, July 14th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $108.00 price target on shares of NextEra Energy in a research report on Monday, July 27th. Weiss Ratings downgraded NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, June 11th. Finally, HC Wainwright restated a "buy" rating on shares of NextEra Energy in a research note on Monday, July 27th. Seventeen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and an average price target of $100.33.

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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