Energy Income Partners LLC Has $88.71 Million Stake in NextEra Energy, Inc. $NEE

Key Points

• Energy Income Partners increased its NextEra Energy stake by 23.6% in the second quarter, adding 193,210 shares for a total of 1,010,717 shares valued at $88.71 million. Institutional investors collectively own 78.72% of NEE.
• Analysts maintain a favorable outlook, with 17 Buy ratings and six Holds, resulting in a “Moderate Buy” consensus and an average price target of $100.33.
• NextEra exceeded quarterly EPS expectations, reporting $1.15 versus the $1.11 consensus, while revenue rose 12.4% year over year. The company also declared a quarterly dividend of $0.6232 per share, equivalent to a 3.0% annualized yield.

Energy Income Partners LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 23.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,010,717 shares of the utilities provider's stock after acquiring an additional 193,210 shares during the quarter. NextEra Energy accounts for about 1.4% of Energy Income Partners LLC's investment portfolio, making the stock its 25th largest holding. Energy Income Partners LLC's holdings in NextEra Energy were worth $88,711,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NEE. Norges Bank acquired a new position in shares of NextEra Energy in the 4th quarter valued at approximately $2,816,327,000. Employees Provident Fund Board acquired a new stake in NextEra Energy during the 4th quarter worth approximately $240,840,000. Amundi raised its holdings in NextEra Energy by 16.7% during the 3rd quarter. Amundi now owns 12,461,783 shares of the utilities provider's stock worth $1,012,129,000 after buying an additional 1,780,881 shares during the period. Caisse de depot et placement du Quebec lifted its stake in NextEra Energy by 64.4% in the fourth quarter. Caisse de depot et placement du Quebec now owns 3,715,931 shares of the utilities provider's stock valued at $298,315,000 after buying an additional 1,456,185 shares in the last quarter. Finally, DJE Kapital AG lifted its stake in NextEra Energy by 285.7% in the first quarter. DJE Kapital AG now owns 1,800,015 shares of the utilities provider's stock valued at $165,313,000 after buying an additional 1,333,332 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

NEE has been the subject of several research reports. Evercore reissued an "outperform" rating and set a $107.00 price objective on shares of NextEra Energy in a research report on Monday, May 4th. DA Davidson raised their price objective on shares of NextEra Energy from $95.00 to $105.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $94.00 to $96.00 and gave the company an "outperform" rating in a research report on Monday, July 27th. Mizuho set a $95.00 target price on shares of NextEra Energy in a research note on Monday, July 27th. Finally, HC Wainwright reiterated a "buy" rating on shares of NextEra Energy in a report on Monday, July 27th. Seventeen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.33.

NextEra Energy Stock Down 0.8%

NEE opened at $83.51 on Friday. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75. The stock's fifty day simple moving average is $87.05 and its 200 day simple moving average is $89.75. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The stock has a market cap of $174.18 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 2.30 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 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 firm had revenue of $7.53 billion during the quarter, compared to analysts' expectations of $8.11 billion. During the same period in the previous year, the business posted $1.05 earnings per share. The company's revenue for the quarter was up 12.4% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, research analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be issued 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 dividend yield of 3.0%. NextEra Energy's payout ratio is presently 55.96%.

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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