Kentucky Farm Bureau Mutual Insurance Co Makes New $3.51 Million Investment in NextEra Energy, Inc. $NEE

Key Points

• Kentucky Farm Bureau Mutual Insurance Co. acquired 40,000 shares of NextEra Energy valued at approximately $3.51 million, making the utility stock its 29th-largest portfolio holding. Institutional investors collectively own 78.72% of NEE.
• NextEra Energy reported quarterly EPS of $1.15, beating the $1.11 consensus estimate, while revenue rose 12.4% year over year to $7.53 billion but fell short of expectations.
• The company declared a quarterly dividend of $0.6232 per share, equivalent to a 3.0% yield, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $100.33.

Kentucky Farm Bureau Mutual Insurance Co acquired a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 40,000 shares of the utilities provider's stock, valued at approximately $3,511,000. NextEra Energy accounts for about 1.0% of Kentucky Farm Bureau Mutual Insurance Co's portfolio, making the stock its 29th largest position.

Several other institutional investors also recently modified their holdings of the company. Anfield Capital Management LLC lifted its stake in NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 270 shares during the last quarter. Laurel Wealth Advisors LLC bought a new stake in NextEra Energy in the fourth quarter valued at approximately $25,000. Financial Life Planners acquired a new stake in shares of NextEra Energy in the first quarter valued at approximately $30,000. Wealth Watch Advisors INC lifted its position in shares of NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider's stock valued at $26,000 after buying an additional 226 shares during the last quarter. Finally, Manning & Napier Advisors LLC boosted its stake in shares of NextEra Energy by 104.9% during the 1st quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider's stock worth $31,000 after acquiring an additional 172 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $83.51 on Friday. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75. The company's 50 day moving average price is $87.05 and its two-hundred day moving average price is $89.75. The firm has a market cap of $174.18 billion, a PE ratio of 18.77, a PEG ratio of 2.30 and a beta of 0.67. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results 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 business 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 firm's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities research analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NEE shares. Sanford C. Bernstein restated an "outperform" rating and issued a $108.00 price target on shares of NextEra Energy in a research note on Monday, July 27th. Bank of America dropped their price objective on shares of NextEra Energy from $95.00 to $93.00 and set a "neutral" rating on the stock in a research report on Monday, July 13th. Morgan Stanley set a $114.00 price target on shares of NextEra Energy and gave the company an "overweight" rating in a report on Friday, August 21st. DA Davidson boosted their price objective on NextEra Energy from $95.00 to $105.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Finally, BMO Capital Markets upped their target price on NextEra Energy from $94.00 to $96.00 and gave the company an "outperform" rating in a research report on Monday, July 27th. Seventeen equities 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $100.33.

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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