EFG International AG Purchases Shares of 123,710 NextEra Energy, Inc. $NEE

Key Points

• EFG International purchased 123,710 shares of NextEra Energy during the second quarter, valued at approximately $10.86 million. Institutional investors and hedge funds collectively own 78.72% of the company.
• NextEra Energy reported quarterly EPS of $1.15, exceeding analyst 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 $2.49 payout and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $100.33.

EFG International AG purchased a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 123,710 shares of the utilities provider's stock, valued at approximately $10,858,000.

A number of other large investors have also made changes to their positions in NEE. Anfield Capital Management LLC grew its position in NextEra Energy by 692.3% during 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 in the last quarter. Kilter Group LLC acquired a new position in NextEra Energy in the 2nd quarter valued at approximately $25,000. Manning & Napier Advisors LLC acquired a new position in NextEra Energy in the 2nd quarter valued at approximately $26,000. Wealth Watch Advisors INC lifted its position in shares of NextEra Energy by 223.8% in the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider's stock worth $26,000 after acquiring an additional 226 shares during the period. Finally, Osbon Capital Management LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $82.46 on Tuesday. The business's fifty day moving average price is $86.88 and its two-hundred day moving average price is $89.64. NextEra Energy, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $98.75. The stock has a market capitalization of $172.00 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 2.24 and a beta of 0.67. 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 announced its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $8.11 billion. During the same quarter last year, the company posted $1.05 EPS. The firm's revenue for the quarter 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, analysts predict 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. Shareholders of record on Friday, August 28th will be paid 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 payout ratio is currently 55.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barclays set a $91.00 price target on shares of NextEra Energy and gave the stock an "equal weight" rating in a research note on Tuesday, July 7th. Weiss Ratings cut shares of NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, June 11th. BMO Capital Markets raised their price objective on shares of NextEra Energy from $94.00 to $96.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. Erste Group Bank lowered shares of NextEra Energy from a "buy" rating to a "hold" rating in a research report on Thursday, June 25th. Finally, Mizuho set a $95.00 target price 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's stock. Based on data from MarketBeat.com, NextEra Energy currently 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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