NextEra Energy, Inc. $NEE Stock Acquired by RWC Asset Management LLP

Key Points

• RWC Asset Management increased its NextEra Energy position by 3.6% in the third quarter, acquiring 12,452 additional shares and bringing its holdings to 353,951 shares valued at approximately $26.8 million. Institutional investors and hedge funds collectively own 78.72% of the stock.
• NextEra reported quarterly EPS of $1.24, beating estimates of $1.20, while revenue reached $8.09 billion, up 1.6% year over year but below consensus. Shares recently traded near $82, and the company declared a quarterly dividend of $0.6232, representing an annualized yield of about 3%.
• Analysts maintain a generally positive outlook, with the stock carrying a consensus “Moderate Buy” rating and a $97.71 price target. However, several firms have lowered their targets amid concerns about valuation, interest-rate sensitivity and risks surrounding the proposed Dominion Energy merger.

RWC Asset Management LLP increased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 353,951 shares of the utilities provider's stock after acquiring an additional 12,452 shares during the period. NextEra Energy makes up about 1.0% of RWC Asset Management LLP's investment portfolio, making the stock its 24th largest position. RWC Asset Management LLP's holdings in NextEra Energy were worth $26,808,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Kilter Group LLC bought a new position in shares of NextEra Energy during the 2nd quarter valued at about $25,000. Manning & Napier Advisors LLC acquired a new position in shares of NextEra Energy in the 2nd quarter worth approximately $26,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of NextEra Energy in the 2nd quarter worth approximately $26,000. Financial Life Planners bought a new stake in shares of NextEra Energy in the 1st quarter worth approximately $30,000. Finally, Financial Network Wealth Advisors LLC raised its holdings in shares of NextEra Energy by 83.0% in the 2nd quarter. Financial Network Wealth Advisors LLC now owns 344 shares of the utilities provider's stock worth $30,000 after purchasing an additional 156 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Up 0.3%

Shares of NYSE:NEE traded up $0.25 during midday trading on Friday, reaching $82.15. The company had a trading volume of 11,735,283 shares, compared to its average volume of 12,948,959. The company has a fifty day simple moving average of $80.55 and a two-hundred day simple moving average of $86.17. The firm has a market cap of $172.29 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 2.54 and a beta of 0.64. NextEra Energy, Inc. has a 1-year low of $74.41 and a 1-year high of $98.75. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.44 and a current ratio of 0.53.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. The firm had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $8.47 billion. During the same quarter in the previous year, the company earned $1.13 EPS. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. Research analysts predict that NextEra Energy, Inc. will post 4.00 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 27th will be given a $0.6232 dividend. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, November 27th. NextEra Energy's dividend payout ratio (DPR) is 55.96%.

Analysts Set New Price Targets

Several research firms recently commented on NEE. Scotiabank cut their target price on shares of NextEra Energy from $110.00 to $99.00 and set an "outperform" rating for the company in a research note on Wednesday, September 30th. Mizuho decreased their price target on shares of NextEra Energy from $95.00 to $80.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 6th. Bank of America dropped their price target on NextEra Energy from $95.00 to $93.00 and set a "neutral" rating on the stock in a report on Monday, July 13th. HC Wainwright reaffirmed a "buy" rating on shares of NextEra Energy in a report on Monday, July 27th. Finally, Piper Sandler set a $88.00 price objective on NextEra Energy in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $97.71.

Key Headlines Impacting NextEra Energy

Here are the key news stories impacting NextEra Energy this week:

• Positive Sentiment: Earnings beat and guidance reaffirmed: NextEra reported third-quarter earnings of $1.24 per share, above the $1.20 consensus estimate, on revenue of $8.09 billion. Management is targeting the high end of its 2026 earnings guidance and reaffirmed its long-term earnings and dividend-growth targets. Bull case following earnings beat
• Positive Sentiment: Renewables pipeline remains a growth driver: NextEra Energy Resources added 3.7 gigawatts to its renewables backlog, while the company secured $5.7 billion to support federal energy-hub projects. Strong demand from data centers and continued storage and renewable development support the long-term outlook. Federal energy hub funding
• Positive Sentiment: Analyst support and dividend maintained: Scotiabank initiated or reiterated a Buy rating, while Sanford C. Bernstein reaffirmed an Outperform rating. The board also declared a $0.6232 quarterly dividend, equal to approximately $2.49 annually and a 3.1% yield. Scotiabank Buy rating
• Neutral Sentiment: Dominion merger remains on track but carries risk: NextEra expects to close its Dominion Energy merger in the second half of 2027. However, regulatory approval, political opposition in Virginia and execution complexity could create uncertainty before completion. NextEra and Dominion merger risks
• Negative Sentiment: Rate sensitivity and valuation concerns remain: Investors continue to question whether NEE’s recent multiyear gains and current dividend yield justify a premium valuation, particularly while higher interest rates pressure utilities. Barclays cut its price target from $84 to $79 and kept an Equal Weight rating; HSBC also reduced its target, from $114 to $103. Barclays rating and price target

NextEra Energy Profile

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy's principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.

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