Magellan Asset Management Ltd Takes $54.85 Million Position in NextEra Energy, Inc. $NEE

Magellan Asset Management Ltd bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 624,979 shares of the utilities provider's stock, valued at approximately $54,854,000. NextEra Energy comprises approximately 1.2% of Magellan Asset Management Ltd's portfolio, making the stock its 27th biggest holding.

Several other institutional investors have also modified their holdings of the business. Indivisible Partners acquired a new stake in shares of NextEra Energy during the fourth quarter worth $1,355,000. Czech National Bank boosted its holdings in shares of NextEra Energy by 4.7% in the 2nd quarter. Czech National Bank now owns 593,568 shares of the utilities provider's stock valued at $52,097,000 after buying an additional 26,378 shares during the period. Swedbank AB grew its position in shares of NextEra Energy by 13.4% during the 4th quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider's stock valued at $81,615,000 after buying an additional 120,389 shares during the last quarter. Annex Advisory Services LLC grew its position in shares of NextEra Energy by 13.9% during the 2nd quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider's stock valued at $62,405,000 after buying an additional 86,585 shares during the last quarter. Finally, MGO One Seven LLC raised its stake in NextEra Energy by 12.1% during the fourth quarter. MGO One Seven LLC now owns 137,251 shares of the utilities provider's stock worth $11,018,000 after acquiring an additional 14,828 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on NEE. Erste Group Bank cut shares of NextEra Energy from a "buy" rating to a "hold" rating in a report on Thursday, June 25th. Weiss Ratings lowered NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, June 11th. Barclays set a $91.00 price objective on shares of NextEra Energy and gave the stock an "equal weight" rating in a report on Tuesday, July 7th. DA Davidson boosted their target price on shares of NextEra Energy from $95.00 to $105.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Finally, Morgan Stanley set a $114.00 target price on shares of NextEra Energy and gave the stock an "overweight" rating in a research report on Friday, August 21st. Seventeen 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, the stock has an average rating of "Moderate Buy" and an average target price of $100.33.

NextEra Energy Trading Down 0.1%

Shares of NEE stock opened at $81.74 on Monday. 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 1 year low of $69.24 and a 1 year high of $98.75. The stock has a fifty day moving average of $86.95 and a two-hundred day moving average of $89.70. The firm has a market capitalization of $170.49 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 2.24 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $8.11 billion. During the same period last year, the company earned $1.05 earnings per share. The company's quarterly revenue was up 12.4% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, research analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be paid a dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 annualized dividend 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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