Northcape Wealth Management LLC Acquires Shares of 50,399 NextEra Energy, Inc. $NEE

Key Points

• Northcape Wealth Management initiated a position in NextEra Energy by purchasing 50,399 shares valued at approximately $4.4 million. Institutional investors and hedge funds collectively own 78.72% of the company.
• NextEra Energy shares opened at $81.74, down 2.1%, and remain below their 50-day and 200-day moving averages. The company reported quarterly EPS of $1.15, exceeding estimates, while revenue of $7.53 billion fell short of expectations.
• The company declared a quarterly dividend of $0.6232, equivalent to an annualized $2.49 payout and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $100.33.

Northcape Wealth Management LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 50,399 shares of the utilities provider's stock, valued at approximately $4,424,000. NextEra Energy comprises approximately 1.2% of Northcape Wealth Management LLC's investment portfolio, making the stock its 26th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in NextEra Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider's stock worth $3,781,790,000 after purchasing an additional 966,152 shares during the last quarter. Norges Bank acquired a new position in NextEra Energy during the fourth quarter worth about $2,816,327,000. Price T Rowe Associates Inc. MD raised its holdings in shares of NextEra Energy by 6.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider's stock worth $1,474,407,000 after purchasing an additional 1,136,074 shares in the last quarter. Deutsche Bank AG lifted its position in shares of NextEra Energy by 2.9% during the 4th quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider's stock valued at $1,387,347,000 after acquiring an additional 485,854 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of NextEra Energy by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 17,220,630 shares of the utilities provider's stock valued at $1,382,473,000 after purchasing an additional 253,273 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Trading Down 2.1%

NextEra Energy stock opened at $81.74 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 firm has a 50-day moving average of $86.95 and a 200-day moving average of $89.70. NextEra Energy, Inc. has a one year low of $69.24 and a one year high of $98.75. The company has a market cap of $170.49 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 2.28 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.04. The company had revenue of $7.53 billion during 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 business's revenue was up 12.4% on a year-over-year basis. During the same period last year, the firm posted $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, equities analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be paid a $0.6232 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. NextEra Energy's payout ratio is currently 55.96%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Erste Group Bank cut NextEra Energy from a "buy" rating to a "hold" rating in a research report on Thursday, June 25th. DA Davidson boosted their target price on shares of NextEra Energy from $95.00 to $105.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Sanford C. Bernstein reissued an "outperform" rating and set a $108.00 price objective on shares of NextEra Energy in a report on Monday, July 27th. Morgan Stanley set a $114.00 price target on NextEra Energy and gave the company an "overweight" rating in a research note on Friday, August 21st. Finally, HC Wainwright reaffirmed a "buy" rating on shares of NextEra Energy in a report on Monday, July 27th. Seventeen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus price target 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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