Fulcrum Asset Management LLP Trims Holdings in NextEra Energy, Inc. $NEE

Key Points

• Fulcrum Asset Management cut its NextEra Energy stake by 58.1% in the second quarter, selling 84,406 shares and retaining 60,762 shares valued at approximately $5.4 million. Institutional investors collectively own 78.72% of the company.
• Analyst sentiment remains favorable, with 17 Buy ratings and six Holds producing a consensus “Moderate Buy” rating and an average price target of $100.33.
• NextEra’s latest quarterly results beat expectations on earnings, reporting $1.15 per share versus the $1.11 consensus, while revenue rose 12.4% year over year. The company also announced a quarterly dividend of $0.6232 per share, representing a 3.0% annualized yield.

Fulcrum Asset Management LLP trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 58.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,762 shares of the utilities provider's stock after selling 84,406 shares during the quarter. Fulcrum Asset Management LLP's holdings in NextEra Energy were worth $5,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $2,816,327,000. Legal & General Group Plc bought a new position in NextEra Energy during the 2nd quarter valued at approximately $1,465,987,000. GQG Partners LLC bought a new position in NextEra Energy during the 2nd quarter valued at approximately $651,293,000. Canada Pension Plan Investment Board purchased a new position in NextEra Energy during the second quarter valued at $389,527,000. Finally, Caisse de depot et placement du Quebec purchased a new position in NextEra Energy during the second quarter valued at $288,886,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. HC Wainwright reissued a "buy" rating on shares of NextEra Energy in a research note on Monday, July 27th. Morgan Stanley set a $114.00 price target on NextEra Energy and gave the stock an "overweight" rating in a research report on Friday, August 21st. BMO Capital Markets upped their price target on shares of NextEra Energy from $94.00 to $96.00 and gave the stock an "outperform" rating in a research note on Monday, July 27th. Erste Group Bank downgraded shares of NextEra Energy from a "buy" rating to a "hold" rating in a research report on Thursday, June 25th. Finally, Bank of America reduced their price objective on shares of NextEra Energy from $95.00 to $93.00 and set a "neutral" rating for the company in a research note on Monday, July 13th. Seventeen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.33.

NextEra Energy Stock Performance

Shares of NEE opened at $83.10 on Thursday. The company has a market cap of $173.34 billion, a price-to-earnings ratio of 18.68, a P/E/G ratio of 2.57 and a beta of 0.65. The business's fifty day simple moving average is $86.72 and its two-hundred day simple moving average is $89.52. 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 quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.04. The firm had revenue of $7.53 billion during the quarter, compared to analysts' expectations of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The company's revenue was up 12.4% on a year-over-year basis. 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. Research analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share 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 dividend of $0.6232 per share. The ex-dividend date is Friday, August 28th. This represents a $2.49 annualized dividend and a yield of 3.0%. NextEra Energy's dividend payout ratio 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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