Flputnam Investment Management Co. Has $36.18 Million Stake in NextEra Energy, Inc. $NEE

Key Points

• Flputnam Investment Management increased its NextEra Energy stake by 14.3% in the second quarter, adding 51,512 shares for a total holding valued at $36.18 million. Institutional investors and hedge funds collectively own 78.72% of NEE.
• Analysts maintain a generally positive outlook, with 17 Buy ratings and six Holds, producing a “Moderate Buy” consensus and an average price target of $100.33.
• NextEra Energy exceeded quarterly EPS expectations, reporting $1.15 versus the $1.11 consensus, while revenue rose 12.4% year over year to $7.53 billion. The company also declared a quarterly dividend of $0.6232, equivalent to a 3.0% annualized yield.

Flputnam Investment Management Co. raised its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 14.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 412,261 shares of the utilities provider's stock after buying an additional 51,512 shares during the quarter. Flputnam Investment Management Co.'s holdings in NextEra Energy were worth $36,184,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in NEE. Anfield Capital Management LLC increased its stake in NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 270 shares during the last quarter. Kilter Group LLC acquired a new position in NextEra Energy during the second quarter valued at approximately $25,000. Manning & Napier Advisors LLC bought a new stake in NextEra Energy during the second quarter worth $26,000. Pin Oak Investment Advisors Inc. bought a new stake in NextEra Energy during the second quarter worth $26,000. Finally, Wealth Watch Advisors INC boosted its holdings 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 valued at $26,000 after purchasing an additional 226 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NEE. BMO Capital Markets lifted their price target on NextEra Energy from $94.00 to $96.00 and gave the company an "outperform" rating in a research note on Monday, July 27th. Morgan Stanley set a $114.00 price objective on NextEra Energy and gave the stock an "overweight" rating in a research report on Friday, August 21st. Barclays set a $91.00 price objective on NextEra Energy and gave the company an "equal weight" rating in a research note on Tuesday, July 7th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $108.00 target price on shares of NextEra Energy in a research report on Monday, July 27th. Finally, Weiss Ratings downgraded NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, June 11th. Seventeen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $100.33.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $83.96 on Friday. The company's 50 day moving average price is $86.64 and its two-hundred day moving average price is $89.45. The firm has a market capitalization of $175.12 billion, a P/E ratio of 18.87, a P/E/G ratio of 2.57 and a beta of 0.65. NextEra Energy, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $98.75. 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 quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.04. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The company had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the prior year, the business earned $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. On average, equities analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be issued a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy's dividend 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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