Elevation Point Wealth Partners LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 162,426 shares of the utilities provider's stock, valued at approximately $14,256,000.
Other institutional investors have also made changes to their positions in the company. Alta Advisers Ltd bought a new stake in shares of NextEra Energy during the 2nd quarter valued at $717,000. Daiichi Life Insurance Co. Ltd. bought a new position in shares of NextEra Energy in the second quarter worth $14,630,000. Commerce Bank acquired a new position in NextEra Energy in the second quarter valued at about $142,027,000. GQG Partners LLC bought a new stake in NextEra Energy during the second quarter worth about $651,293,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in NextEra Energy during the second quarter worth about $34,332,000. 78.72% of the stock is currently owned by institutional investors.
NextEra Energy Stock Performance
NextEra Energy stock opened at $81.74 on Monday. 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, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75. The business has a 50 day moving average of $86.95 and a 200-day moving average of $89.70. The company has a market capitalization of $170.49 billion, a P/E ratio of 18.37, a P/E/G ratio of 2.24 and a beta of 0.67.
NextEra Energy (NYSE:NEE - Get Free Report) last issued 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. The company had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. NextEra Energy's revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.
NextEra Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be given a $0.6232 dividend. The ex-dividend date 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 55.96%.
Wall Street Analyst Weigh In
NEE has been the subject of a number of recent analyst reports. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $108.00 price target on shares of NextEra Energy in a report on Monday, July 27th. Bank of America reduced their target price on NextEra Energy from $95.00 to $93.00 and set a "neutral" rating on the stock in a report on Monday, July 13th. 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. Weiss Ratings cut NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, June 11th. Finally, Mizuho set a $95.00 price objective on NextEra Energy in a research report on Monday, July 27th. Seventeen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, NextEra Energy has an average rating of "Moderate Buy" and a consensus target price of $100.33.
Get Our Latest Report on NEE
NextEra Energy Profile
(
Free Report)
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.
See Also
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