Meiji Yasuda Asset Management Co Ltd. Acquires New Stake in NextEra Energy, Inc. $NEE

Meiji Yasuda Asset Management Co Ltd. bought a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 221,777 shares of the utilities provider's stock, valued at approximately $19,465,000. NextEra Energy accounts for 0.9% of Meiji Yasuda Asset Management Co Ltd.'s investment portfolio, making the stock its 18th largest holding.

A number of other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after buying an additional 298 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of NextEra Energy by 38.4% during the first quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider's stock worth $887,000 after buying an additional 3,479 shares in the last quarter. Sivia Capital Partners LLC raised its position in NextEra Energy by 18.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider's stock valued at $386,000 after buying an additional 852 shares during the last quarter. Finally, United Bank raised its position in NextEra Energy by 2.9% in the 2nd quarter. United Bank now owns 15,596 shares of the utilities provider's stock valued at $1,083,000 after buying an additional 444 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

NextEra Energy Price Performance

NYSE:NEE opened at $81.74 on Monday. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The firm has a fifty day simple moving average of $86.95 and a 200 day simple moving average of $89.70. The stock has a market capitalization of $170.49 billion, a PE ratio of 18.37, a P/E/G ratio of 2.24 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share 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 business had revenue of $7.53 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the previous year, the company earned $1.05 earnings per share. The firm'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, research analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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

Analysts Set New Price Targets

NEE has been the subject of a number of recent research reports. Weiss Ratings downgraded NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, June 11th. Sanford C. Bernstein reissued an "outperform" rating and issued a $108.00 price objective on shares of NextEra Energy in a research report on Monday, July 27th. Barclays set a $91.00 target price on shares of NextEra Energy and gave the stock an "equal weight" rating in a report on Tuesday, July 7th. Wall Street Zen downgraded shares of NextEra Energy from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 22nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Wednesday, May 13th. Seventeen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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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