Iyo Bank Ltd. Buys New Holdings in NextEra Energy, Inc. $NEE

Key Points

• Iyo Bank Ltd. purchased 82,603 shares of NextEra Energy during the second quarter, valued at approximately $7.25 million and representing about 2.2% of its portfolio.
• Institutional ownership remains high at 78.72%, while analysts maintain a “Moderate Buy” consensus with an average price target of $100.33.
• NextEra beat quarterly EPS estimates, reporting $1.15 versus $1.11 expected, and announced a quarterly dividend of $0.6232, equivalent to a 3.0% annualized yield.

Iyo Bank Ltd. purchased a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 82,603 shares of the utilities provider's stock, valued at approximately $7,250,000. NextEra Energy makes up about 2.2% of Iyo Bank Ltd.'s investment portfolio, making the stock its 20th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of NEE. Laurel Wealth Advisors LLC bought a new stake in NextEra Energy in the 4th quarter valued at $25,000. Anfield Capital Management LLC increased its holdings in shares of NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider's stock worth $25,000 after buying an additional 270 shares during the last quarter. Kilter Group LLC purchased a new stake in shares of NextEra Energy during the 2nd quarter valued at about $25,000. Wealth Watch Advisors INC lifted 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 acquiring an additional 226 shares during the last quarter. Finally, Osbon Capital Management LLC purchased a new position in NextEra Energy in the fourth quarter worth about $27,000. Institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NEE shares. Jefferies Financial Group set a $94.00 price objective on NextEra Energy in a research report on Tuesday, July 14th. DA Davidson increased their price target on NextEra Energy from $95.00 to $105.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. Evercore restated an "outperform" rating and issued a $107.00 price target on shares of NextEra Energy in a research report on Monday, May 4th. Bank of America dropped 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. Finally, 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. Seventeen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average price target of $100.33.

NextEra Energy Stock Performance

NEE stock opened at $81.74 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. The business's fifty day simple moving average is $86.95 and its two-hundred day simple moving average is $89.70. NextEra Energy, Inc. has a twelve month low of $69.24 and a twelve month high of $98.75. The firm has a market cap of $170.49 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.24 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.04. The firm had revenue of $7.53 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The business's revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be given a $0.6232 dividend. 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 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.

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