Legal & General Group Plc Invests $1.47 Billion in NextEra Energy, Inc. $NEE

Key Points

• Legal & General Group acquired 16.7 million NextEra Energy shares worth approximately $1.47 billion, giving it a 0.80% stake. Institutional investors collectively own 78.72% of the utility company.
• NextEra reported quarterly EPS of $1.15, exceeding 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, equal to an annualized $2.49 and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $100.33, above the reported share price of $82.46.

Legal & General Group Plc acquired a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,702,600 shares of the utilities provider's stock, valued at approximately $1,465,987,000. Legal & General Group Plc owned about 0.80% of NextEra Energy as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in NEE. Indivisible Partners purchased a new position in NextEra Energy in the 4th quarter valued at approximately $1,355,000. Czech National Bank lifted its position in shares of NextEra Energy by 4.7% during the second quarter. Czech National Bank now owns 593,568 shares of the utilities provider's stock worth $52,097,000 after acquiring an additional 26,378 shares in the last quarter. Swedbank AB boosted its holdings in shares of NextEra Energy by 13.4% in the fourth quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider's stock worth $81,615,000 after acquiring an additional 120,389 shares during the period. Annex Advisory Services LLC boosted its holdings in shares of NextEra Energy by 13.9% in the second quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider's stock worth $62,405,000 after acquiring an additional 86,585 shares during the period. Finally, MGO One Seven LLC grew its position in shares of NextEra Energy by 12.1% in the fourth quarter. MGO One Seven LLC now owns 137,251 shares of the utilities provider's stock valued at $11,018,000 after purchasing an additional 14,828 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 0.8%

Shares of NEE stock opened at $82.46 on Tuesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. NextEra Energy, Inc. has a 52-week low of $69.24 and a 52-week high of $98.75. The company has a market capitalization of $172.00 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 2.24 and a beta of 0.67. The business's fifty day moving average is $86.88 and its 200 day moving average is $89.64.

NextEra Energy (NYSE:NEE - Get Free Report) last posted 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. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The company had revenue of $7.53 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter last year, the company earned $1.05 earnings per share. The firm's quarterly revenue was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley set a $114.00 price objective on NextEra Energy and gave the company an "overweight" rating in a research note on Friday, August 21st. Erste Group Bank lowered NextEra Energy from a "buy" rating to a "hold" rating in a report on Thursday, June 25th. DA Davidson upped their price target on NextEra Energy from $95.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Sanford C. Bernstein reissued an "outperform" rating and issued a $108.00 price target on shares of NextEra Energy in a report on Monday, July 27th. Finally, Barclays set a $91.00 price objective on shares of NextEra Energy and gave the company 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently 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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