Great Lakes Advisors LLC Invests $62.78 Million in NextEra Energy, Inc. $NEE

Key Points

• Great Lakes Advisors purchased 715,249 NextEra Energy shares worth approximately $62.78 million during the second quarter. Institutional investors and hedge funds collectively own 78.72% of the company.
• Analysts maintain a generally positive outlook, with 17 Buy ratings and six Hold ratings, producing a “Moderate Buy” consensus and an average price target of $100.33.
• NextEra reported quarterly EPS of $1.15, beating estimates of $1.11, while revenue rose 12.4% year over year to $7.53 billion. The company also declared a quarterly dividend of $0.6232 per share, equivalent to a 3.0% annualized yield.

Great Lakes Advisors LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 715,249 shares of the utilities provider's stock, valued at approximately $62,778,000.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of NextEra Energy during the 4th quarter worth about $2,816,327,000. Employees Provident Fund Board bought a new position in NextEra Energy during the fourth quarter valued at about $240,840,000. Amundi lifted its position in shares of NextEra Energy by 16.7% in the 3rd quarter. Amundi now owns 12,461,783 shares of the utilities provider's stock worth $1,012,129,000 after acquiring an additional 1,780,881 shares during the period. Danske Bank A S bought a new stake in shares of NextEra Energy during the second quarter valued at approximately $136,255,000. Finally, Caisse de depot et placement du Quebec lifted its position 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 worth $298,315,000 after purchasing an additional 1,456,185 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NEE. Evercore restated an "outperform" rating and issued a $107.00 price objective on shares of NextEra Energy in a research note on Monday, May 4th. HC Wainwright reissued a "buy" rating on shares of NextEra Energy in a research report on Monday, July 27th. Bank of America decreased their price objective on NextEra Energy from $95.00 to $93.00 and set a "neutral" rating on the stock in a report on Monday, July 13th. Mizuho set a $95.00 target price on NextEra Energy in a report on Monday, July 27th. Finally, Barclays set a $91.00 target price on NextEra Energy and gave the stock an "equal weight" rating in a research report on Tuesday, July 7th. 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 an average target price of $100.33.

NextEra Energy Stock Down 0.8%

Shares of NEE opened at $83.51 on Friday. The company has a market capitalization of $174.18 billion, a P/E ratio of 18.77, a PEG ratio of 2.30 and a beta of 0.67. NextEra Energy, Inc. has a one year low of $69.24 and a one year high of $98.75. The business's 50 day simple moving average is $87.05 and its 200-day simple moving average is $89.75. 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 issued its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.04. The firm had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The business's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be given 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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source