NewEdge Wealth LLC Makes New $9.44 Million Investment in NextEra Energy, Inc. $NEE

Key Points

• NewEdge Wealth purchased 107,595 shares of NextEra Energy in the second quarter, valued at approximately $9.44 million. Institutional investors collectively own 78.72% of the company.
• Analysts maintain a generally positive outlook, with 17 Buy ratings and six Holds, resulting in a “Moderate Buy” consensus and an average price target of $100.33.
• NextEra reported quarterly EPS of $1.15, exceeding estimates, while revenue rose 12.4% year over year to $7.53 billion. The company also declared a quarterly dividend of $0.6232, representing a 3.0% annualized yield.

NewEdge Wealth LLC purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 107,595 shares of the utilities provider's stock, valued at approximately $9,444,000.

A number of other hedge funds have also modified their holdings of NEE. Indivisible Partners purchased a new position in shares of NextEra Energy in the fourth quarter valued at about $1,355,000. Czech National Bank grew 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 purchasing an additional 26,378 shares in the last quarter. Swedbank AB raised its stake in 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 purchasing an additional 120,389 shares during the period. Annex Advisory Services LLC lifted its holdings in NextEra Energy by 13.9% in the 2nd quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider's stock worth $62,405,000 after purchasing an additional 86,585 shares in the last quarter. Finally, MGO One Seven LLC lifted its holdings in NextEra Energy by 12.1% in the 4th quarter. MGO One Seven LLC now owns 137,251 shares of the utilities provider's stock worth $11,018,000 after purchasing an additional 14,828 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NEE. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $100.00 to $105.00 and gave the company an "overweight" rating in a research report on Wednesday, May 13th. DA Davidson raised 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. Jefferies Financial Group set a $94.00 price target on shares of NextEra Energy in a report on Tuesday, July 14th. Sanford C. Bernstein reissued an "outperform" rating and set a $108.00 price objective on shares of NextEra Energy in a report on Monday, July 27th. Finally, Wall Street Zen cut NextEra Energy from a "sell" rating to a "strong sell" rating in a report on Saturday, August 22nd. Seventeen research 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 presently has an average rating of "Moderate Buy" and a consensus target price of $100.33.

NextEra Energy Price Performance

NextEra Energy stock opened at $83.51 on Friday. The company has a market cap of $174.18 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 2.30 and a beta of 0.67. The firm's fifty day moving average is $87.05 and its 200 day moving average is $89.75. 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, Inc. has a 52-week low of $69.24 and a 52-week high of $98.75.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 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 business had revenue of $7.53 billion during the quarter, compared to analysts' expectations of $8.11 billion. During the same period last year, the company 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. Sell-side analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be given a $0.6232 dividend. The ex-dividend date 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 currently 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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