Edmond DE Rothschild Holding S.A. Makes New Investment in NextEra Energy, Inc. $NEE

Key Points

• Edmond DE Rothschild Holding S.A. acquired 990,549 shares of NextEra Energy during the second quarter, valued at approximately $86.9 million and representing 1.1% of its portfolio.
• Institutional ownership remains substantial at 78.72%, while analysts maintain a “Moderate Buy” consensus with an average price target of $100.33.
• NextEra Energy exceeded quarterly EPS estimates, reporting $1.15 versus $1.11 expected, and announced a quarterly dividend of $0.6232 per share, equivalent to a 3.0% annualized yield.

Edmond DE Rothschild Holding S.A. bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 990,549 shares of the utilities provider's stock, valued at approximately $86,940,000. NextEra Energy comprises approximately 1.1% of Edmond DE Rothschild Holding S.A.'s portfolio, making the stock its 20th biggest position.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Wednesday, May 13th. Jefferies Financial Group set a $94.00 price target on shares of NextEra Energy in a research report on Tuesday, July 14th. Wall Street Zen downgraded shares of NextEra Energy from a "sell" rating to a "strong sell" rating in a report on Saturday, August 22nd. Weiss Ratings cut shares of NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, June 11th. Finally, Evercore restated an "outperform" rating and set a $107.00 target price on shares of NextEra Energy in a research report on Monday, May 4th. Seventeen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $100.33.

NextEra Energy Price Performance

NEE stock opened at $81.74 on Friday. The firm has a 50 day moving average of $86.95 and a 200-day moving average of $89.70. The firm has a market capitalization of $170.49 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 2.28 and a beta of 0.67. NextEra Energy, Inc. has a 12 month low of $69.24 and a 12 month high of $98.75. 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 (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 net margin of 32.40% and a return on equity of 12.28%. The business had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the prior year, the firm 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. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be paid 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 dividend payout ratio (DPR) is currently 55.96%.

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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