GQG Partners LLC Invests $651.29 Million in NextEra Energy, Inc. $NEE

GQG Partners LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,420,437 shares of the utilities provider's stock, valued at approximately $651,293,000. NextEra Energy comprises approximately 1.2% of GQG Partners LLC's portfolio, making the stock its 24th largest position. GQG Partners LLC owned about 0.36% of NextEra Energy at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC grew its stake in shares of NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after purchasing an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after buying an additional 298 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of NextEra Energy by 38.4% in the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider's stock valued at $887,000 after buying an additional 3,479 shares during the period. Sivia Capital Partners LLC increased its stake in shares of NextEra Energy by 18.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider's stock valued at $386,000 after buying an additional 852 shares during the period. Finally, United Bank raised its position in shares of NextEra Energy by 2.9% during the second quarter. United Bank now owns 15,596 shares of the utilities provider's stock worth $1,083,000 after acquiring an additional 444 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings lowered NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, June 11th. Evercore reissued an "outperform" rating and set a $107.00 price objective on shares of NextEra Energy in a report on Monday, May 4th. HC Wainwright restated a "buy" rating on shares of NextEra Energy in a research report on Monday, July 27th. Morgan Stanley set a $114.00 target price on shares of NextEra Energy and gave the company an "overweight" rating in a research note on Friday, August 21st. Finally, Erste Group Bank downgraded shares of NextEra Energy from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. Seventeen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus target price of $100.33.

NextEra Energy Price Performance

Shares of NEE opened at $81.74 on Monday. The stock has a market cap of $170.49 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 2.24 and a beta of 0.67. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75. The stock's 50-day moving average price is $86.95 and its two-hundred day moving average price is $89.70. 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 announced its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $8.11 billion. During the same period last year, the company posted $1.05 EPS. NextEra Energy'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. On average, equities analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be paid a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy's dividend payout ratio (DPR) is presently 55.96%.

About NextEra Energy

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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