NextEra Energy, Inc. $NEE Shares Purchased by Rakuten Investment Management Inc.

Key Points

• Rakuten Investment Management increased its NextEra Energy stake by 10.8% in the second quarter, purchasing 33,162 additional shares for a total holding valued at approximately $30.24 million. Institutional investors collectively own 78.72% of the company.
• Analysts maintain a generally positive outlook, with 17 Buy ratings and six Hold ratings. NextEra has an average “Moderate Buy” rating and an average price target of $100.33, although one analyst downgraded the stock to “Strong Sell.”
• NextEra’s latest quarterly earnings exceeded expectations at $1.15 per share, 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 a 3.0% annualized yield.

Rakuten Investment Management Inc. raised its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 10.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 341,078 shares of the utilities provider's stock after purchasing an additional 33,162 shares during the quarter. Rakuten Investment Management Inc.'s holdings in NextEra Energy were worth $30,240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in shares of NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after purchasing an additional 298 shares during the period. Acadian Asset Management LLC increased its holdings in shares of NextEra Energy by 38.4% in the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider's stock valued at $887,000 after purchasing an additional 3,479 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of 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 purchasing an additional 852 shares in the last quarter. Finally, United Bank lifted its stake in shares of NextEra Energy by 2.9% in the second quarter. United Bank now owns 15,596 shares of the utilities provider's stock valued at $1,083,000 after purchasing an additional 444 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 analysts recently commented on the stock. HC Wainwright reissued a "buy" rating on shares of NextEra Energy in a report on Monday, July 27th. Wall Street Zen cut shares of NextEra Energy from a "sell" rating to a "strong sell" rating in a report on Saturday, August 22nd. Jefferies Financial Group set a $94.00 price target on shares of NextEra Energy in a research report on Tuesday, July 14th. Barclays set a $91.00 price target on NextEra Energy and gave the stock an "equal weight" rating in a research note on Tuesday, July 7th. Finally, JPMorgan Chase & Co. upped their price target on NextEra Energy from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Wednesday, May 13th. Seventeen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, NextEra Energy currently has an average rating of "Moderate Buy" and an average target price of $100.33.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $83.10 on Thursday. 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 company's 50-day moving average price is $86.72 and its 200 day moving average price is $89.52. NextEra Energy, Inc. has a 52 week low of $69.24 and a 52 week high of $98.75. The stock has a market cap of $173.34 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 2.57 and a beta of 0.65.

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

NextEra Energy Dividend Announcement

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

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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