Korea Investment CORP Takes Position in NextEra Energy, Inc. $NEE

Key Points

• Korea Investment CORP acquired 1,498,555 shares of NextEra Energy during the second quarter, worth approximately $131.5 million and representing 0.07% of the company. Institutional investors collectively own 78.72% of NextEra’s stock.
• NextEra Energy reported quarterly EPS of $1.15, exceeding analysts’ $1.11 estimate, while revenue rose 12.4% year over year to $7.53 billion, below the $8.11 billion consensus forecast.
• The company declared a quarterly dividend of $0.6232, or $2.49 annualized, yielding about 3.0%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $100.33.

Korea Investment CORP bought 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 Securities & Exchange Commission. The firm bought 1,498,555 shares of the utilities provider's stock, valued at approximately $131,528,000. Korea Investment CORP owned 0.07% of NextEra Energy as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC acquired a new position in NextEra Energy during the second quarter worth about $64,674,000. Rakuten Securities Inc. acquired a new stake in shares of NextEra Energy during the 2nd quarter valued at approximately $88,000. Bard Associates Inc. acquired a new stake in shares of NextEra Energy during the 2nd quarter valued at approximately $6,731,000. Pinnacle West Asset Management Inc. purchased a new stake in shares of NextEra Energy during the 2nd quarter worth approximately $706,000. Finally, Ieq Capital LLC acquired a new stake in shares of NextEra Energy in the 2nd quarter worth approximately $2,225,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $81.74 on Friday. NextEra Energy, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $98.75. The firm's 50 day moving average is $86.95 and its two-hundred day moving average is $89.70. The company has a market cap of $170.49 billion, a P/E ratio of 18.37, a P/E/G ratio of 2.24 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 released 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 business 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% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. 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. Stockholders of record on Friday, August 28th will be paid a $0.6232 dividend. 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 payout ratio is currently 55.96%.

Analyst Upgrades and Downgrades

A number of research firms have commented on NEE. Evercore reiterated an "outperform" rating and set a $107.00 target price on shares of NextEra Energy in a research report on Monday, May 4th. Bank of America dropped their price target on NextEra Energy from $95.00 to $93.00 and set a "neutral" rating for the company in a research report on Monday, July 13th. Barclays set a $91.00 price target on NextEra Energy and gave the stock an "equal weight" rating in a research note on Tuesday, July 7th. HC Wainwright reissued a "buy" rating on shares of NextEra Energy in a research note on Monday, July 27th. Finally, Erste Group Bank downgraded shares of NextEra Energy from a "buy" rating to a "hold" rating in a report on Thursday, June 25th. Seventeen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy has an average 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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