Madison Asset Management LLC Purchases New Holdings in NextEra Energy, Inc. $NEE

Key Points

• Madison Asset Management purchased 724,014 shares of NextEra Energy during the second quarter, valued at approximately $63.5 million. Institutional investors collectively own 78.72% of the company.
• NextEra Energy reported quarterly EPS of $1.15, exceeding analyst expectations of $1.11, while revenue rose 12.4% year over year to $7.53 billion but fell short of estimates.
• The company declared a quarterly dividend of $0.6232 per share, representing a 3.0% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $100.33, compared with a stock price of $81.74.

Madison Asset Management LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 724,014 shares of the utilities provider's stock, valued at approximately $63,547,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new stake in NextEra Energy during the fourth quarter worth about $25,000. Anfield Capital Management LLC boosted its stake in NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 270 shares during the last quarter. Wealth Watch Advisors INC grew its position in shares of NextEra Energy by 223.8% during 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 period. Osbon Capital Management LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at approximately $27,000. Finally, Strive Asset Management LLC purchased a new stake in shares of NextEra Energy during the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Down 2.1%

NEE stock opened at $81.74 on Friday. The stock has a 50-day simple moving average of $86.95 and a two-hundred day simple moving average of $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 capitalization of $170.49 billion, a PE ratio of 18.37, a PEG ratio of 2.28 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 announced its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The firm had revenue of $7.53 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The company's revenue for the quarter 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 analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be issued 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 dividend payout ratio (DPR) is presently 55.96%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Erste Group Bank cut shares of NextEra Energy from a "buy" rating to a "hold" rating in a report on Thursday, June 25th. DA Davidson raised their target price on NextEra Energy from $95.00 to $105.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Weiss Ratings lowered NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, June 11th. HC Wainwright reaffirmed a "buy" rating on shares of NextEra Energy in a research report on Monday, July 27th. Finally, Wall Street Zen downgraded NextEra Energy from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 22nd. Seventeen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, NextEra Energy currently has an average rating of "Moderate Buy" and an average price target of $100.33.

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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