NextEra Energy, Inc. $NEE Shares Sold by NS Partners Ltd

Key Points

• NS Partners Ltd. reduced its NextEra Energy position by 11.4% in the second quarter, selling 54,636 shares and retaining 423,155 shares valued at approximately $37.1 million. Institutional investors collectively own 78.72% of NEE.
• NextEra Energy reported quarterly EPS of $1.15, exceeding estimates of $1.11, while revenue rose 12.4% year over year to $7.53 billion but fell short of expectations.
• The company declared a quarterly dividend of $0.6232 per share, equivalent to a 3.0% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $100.33.

NS Partners Ltd lowered its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 11.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 423,155 shares of the utilities provider's stock after selling 54,636 shares during the quarter. NextEra Energy comprises 1.6% of NS Partners Ltd's investment portfolio, making the stock its 19th biggest holding. NS Partners Ltd's holdings in NextEra Energy were worth $37,140,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NEE. Norges Bank acquired a new position in shares of NextEra Energy in the 4th quarter valued at $2,816,327,000. Legal & General Group Plc acquired a new stake in NextEra Energy during the 2nd quarter worth $1,465,987,000. GQG Partners LLC acquired a new stake in NextEra Energy during the 2nd quarter worth $651,293,000. Canada Pension Plan Investment Board purchased a new stake in NextEra Energy in the second quarter valued at $389,527,000. Finally, Caisse de depot et placement du Quebec acquired a new position in NextEra Energy in the second quarter valued at $288,886,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Trading Up 1.0%

NYSE NEE opened at $83.96 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $175.12 billion, a P/E ratio of 18.87, a P/E/G ratio of 2.57 and a beta of 0.65. NextEra Energy, Inc. has a 52-week low of $69.24 and a 52-week high of $98.75. The firm has a 50-day moving average price of $86.64 and a 200 day moving average price of $89.45.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.04. The company had revenue of $7.53 billion for the quarter, compared to analysts' expectations of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The firm's quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities research analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 presently 55.96%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NEE shares. Erste Group Bank lowered NextEra Energy from a "buy" rating to a "hold" rating in a report on Thursday, June 25th. Mizuho set a $95.00 price objective on NextEra Energy in a research report on Monday, July 27th. Wall Street Zen downgraded NextEra Energy from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 22nd. HC Wainwright reissued a "buy" rating on shares of NextEra Energy in a report on Monday, July 27th. Finally, 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. Seventeen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of "Moderate Buy" and an average target price of $100.33.

NextEra Energy 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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