NextEra Energy, Inc. $NEE Shares Bought by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments increased its NextEra Energy stake by 12.4% in the second quarter, adding 53,220 shares for a total position valued at approximately $42.2 million. Institutional investors and hedge funds collectively own 78.72% of NEE shares.
• NextEra Energy reported quarterly earnings of $1.15 per share, exceeding analysts’ $1.11 estimate, while revenue rose 12.4% year over year to $7.53 billion but fell short of consensus expectations.
• The company declared a quarterly dividend of $0.6232 per share, equivalent to an annualized $2.49 payout and a 2.9% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $99.36.

Mirae Asset Global Investments Co. Ltd. raised its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 12.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 481,284 shares of the utilities provider's stock after purchasing an additional 53,220 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in NextEra Energy were worth $42,242,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Norges Bank purchased a new stake in NextEra Energy in the 4th quarter valued at approximately $2,816,327,000. Employees Provident Fund Board acquired a new position in shares of NextEra Energy in the fourth quarter worth $240,840,000. Pictet Asset Management Holding SA raised its holdings in shares of NextEra Energy by 47.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider's stock worth $742,913,000 after acquiring an additional 2,972,924 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of NextEra Energy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider's stock valued at $17,343,185,000 after acquiring an additional 2,234,176 shares in the last quarter. Finally, Amundi lifted its position in shares of NextEra Energy by 16.7% in the third quarter. Amundi now owns 12,461,783 shares of the utilities provider's stock valued at $1,012,129,000 after acquiring an additional 1,780,881 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.2%

NEE opened at $86.18 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. The stock has a market capitalization of $179.75 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 2.35 and a beta of 0.67. The business has a 50-day moving average of $87.17 and a two-hundred day moving average of $89.95. NextEra Energy, Inc. has a 12 month low of $69.24 and a 12 month high of $98.75.

NextEra Energy (NYSE:NEE - Get Free Report) last released 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. The business had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The business's revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 EPS. 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 earnings per share for the current year.

NextEra Energy Announces Dividend

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 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 2.9%. NextEra Energy's payout ratio is 55.96%.

Analysts Set New Price Targets

NEE has been the subject of a number of recent research reports. HC Wainwright reiterated a "buy" rating on shares of NextEra Energy in a research report on Monday, July 27th. Jefferies Financial Group set a $94.00 price target on shares of NextEra Energy in a research note on Tuesday, July 14th. BMO Capital Markets lifted their price target on shares of NextEra Energy from $94.00 to $96.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. Scotiabank lifted their price target on shares of NextEra Energy from $102.00 to $110.00 and gave the stock a "sector perform" rating in a report on Friday, April 24th. Finally, Wall Street Zen lowered shares of NextEra Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $99.36.

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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