Knuff & Co LLC Purchases Shares of 35,656 NextEra Energy, Inc. $NEE

Key Points

• Knuff & Co LLC purchased 35,656 shares of NextEra Energy in the second quarter, valued at approximately $3.13 million. Institutional investors and hedge funds collectively own 78.72% of the company.
• Analysts maintain a generally positive view, with 17 Buy ratings and six Holds, resulting in a consensus “Moderate Buy” rating and an average price target of $100.33.
• NextEra Energy exceeded quarterly earnings expectations with EPS of $1.15, while revenue rose 12.4% year over year. The company declared a quarterly dividend of $0.6232, equivalent to a 3.0% annualized yield.

Knuff & Co LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 35,656 shares of the utilities provider's stock, valued at approximately $3,130,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Norges Bank acquired a new position in NextEra Energy in the fourth quarter valued at $2,816,327,000. Employees Provident Fund Board purchased a new stake in shares of NextEra Energy in the 4th quarter valued at about $240,840,000. Amundi boosted 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 valued at $1,012,129,000 after purchasing an additional 1,780,881 shares during the period. Danske Bank A S purchased a new position in NextEra Energy during the 2nd quarter worth approximately $136,255,000. Finally, Caisse de depot et placement du Quebec grew its stake in NextEra Energy by 64.4% during the 4th 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 buying an additional 1,456,185 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NEE shares. Weiss Ratings downgraded NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, June 11th. Mizuho set a $95.00 target price on shares of NextEra Energy in a report on Monday, July 27th. Sanford C. Bernstein reiterated an "outperform" rating and set a $108.00 price target on shares of NextEra Energy in a research note on Monday, July 27th. BMO Capital Markets raised their price objective on shares of NextEra Energy from $94.00 to $96.00 and gave the stock an "outperform" rating in a research report on Monday, July 27th. Finally, 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 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $100.33.

NextEra Energy Stock Performance

NYSE:NEE opened at $83.51 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. The firm has a market cap of $174.18 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 2.30 and a beta of 0.67. The firm's fifty day moving average price is $87.05 and its 200 day moving average price is $89.75. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. The company had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. NextEra Energy's quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, sell-side analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

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

NextEra Energy 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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