NINE MASTS CAPITAL Ltd Acquires Shares of 20,343 NextEra Energy, Inc. $NEE

Key Points

• NINE MASTS CAPITAL acquired 20,343 shares of NextEra Energy during the second quarter, valued at approximately $1.786 million. Hedge funds and other institutional investors collectively own 78.72% of the company.
• Analysts maintain a generally positive view of NEE, with 17 Buy ratings and six Holds. The stock has an average “Moderate Buy” rating and an average price target of $100.33.
• 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. The company also declared a quarterly dividend of $0.6232 per share, equating to an annualized yield of about 3.0%.

NINE MASTS CAPITAL Ltd bought a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,343 shares of the utilities provider's stock, valued at approximately $1,786,000.

Several other hedge funds also recently made changes to their positions in NEE. Laurel Wealth Advisors LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $25,000. Anfield Capital Management LLC lifted its stake in NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider's stock worth $25,000 after acquiring an additional 270 shares during the period. Wealth Watch Advisors INC boosted its holdings in NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 226 shares in the last quarter. Osbon Capital Management LLC purchased a new position in NextEra Energy during the 4th quarter valued at $27,000. Finally, Strive Asset Management LLC bought a new position in NextEra Energy in the 3rd quarter worth $29,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NEE. HC Wainwright reaffirmed a "buy" rating on shares of NextEra Energy in a research note on Monday, July 27th. Mizuho set a $95.00 price objective on shares of NextEra Energy in a report on Monday, July 27th. JPMorgan Chase & Co. upped their target price on NextEra Energy from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Wednesday, May 13th. Evercore restated an "outperform" rating and issued a $107.00 target price on shares of NextEra Energy in a research note on Monday, May 4th. Finally, Barclays set a $91.00 price target on NextEra Energy and gave the company an "equal weight" rating in a research report on Tuesday, July 7th. Seventeen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, NextEra Energy has an average rating of "Moderate Buy" and an average price target of $100.33.

NextEra Energy Stock Performance

Shares of NEE opened at $83.51 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 cap of $174.18 billion, a P/E ratio of 18.77, a P/E/G ratio of 2.30 and a beta of 0.67. The business's 50 day moving average price is $87.05 and its 200-day moving average price is $89.75. 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 posted its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.04. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The company had revenue of $7.53 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter last year, the company earned $1.05 EPS. The firm's revenue for the quarter was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities research analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company 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 yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy's dividend payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source