NEOS Investment Management LLC Increases Holdings in NextEra Energy, Inc. $NEE

Key Points

• NEOS Investment Management increased its NextEra Energy stake by 11.8% in the second quarter, acquiring 35,848 shares for a total holding of 339,343 shares valued at approximately $29.8 million. Institutional investors collectively own 78.72% of the company.
• Analysts maintain a generally positive outlook, with 17 Buy ratings and six Hold ratings producing a “Moderate Buy” consensus and an average price target of $100.33.
• NextEra reported quarterly EPS of $1.15, beating estimates by $0.04, while revenue rose 12.4% year over year to $7.53 billion. The company also declared a quarterly dividend of $0.6232 per share, representing an annualized yield of about 3.0%.

NEOS Investment Management LLC boosted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 11.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 339,343 shares of the utilities provider's stock after purchasing an additional 35,848 shares during the period. NEOS Investment Management LLC's holdings in NextEra Energy were worth $29,784,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of NextEra Energy in the fourth quarter worth about $2,816,327,000. Legal & General Group Plc purchased a new stake in shares of NextEra Energy during the 2nd quarter valued at about $1,465,987,000. GQG Partners LLC acquired a new position in NextEra Energy during the 2nd quarter worth approximately $651,293,000. Canada Pension Plan Investment Board acquired a new position in NextEra Energy during the 2nd quarter worth approximately $389,527,000. Finally, Caisse de depot et placement du Quebec purchased a new position in NextEra Energy in the 2nd quarter worth approximately $288,886,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NEE shares. HC Wainwright reiterated a "buy" rating on shares of NextEra Energy in a research note on Monday, July 27th. Wall Street Zen downgraded shares of NextEra Energy from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 22nd. Barclays set a $91.00 price target on shares of NextEra Energy and gave the company an "equal weight" rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 13th. Finally, Jefferies Financial Group set a $94.00 price objective on shares of NextEra Energy in a report on Tuesday, July 14th. Seventeen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $100.33.

NextEra Energy Price Performance

NEE stock opened at $83.33 on Friday. The stock's 50 day moving average is $86.54 and its two-hundred day moving average is $89.41. 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 $173.81 billion, a PE ratio of 18.73, a P/E/G ratio of 2.60 and a beta of 0.65. 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 earnings results on Friday, July 24th. The utilities provider reported $1.15 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 analysts' expectations of $8.11 billion. During the same period in the prior year, the business posted $1.05 EPS. The business's 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. Analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed 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. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, August 28th. NextEra Energy's dividend payout ratio is 55.96%.

NextEra Energy Company 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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