Northwestern Mutual Wealth Management Co. Purchases Shares of 391,163 NextEra Energy, Inc. $NEE

Northwestern Mutual Wealth Management Co. acquired a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 391,163 shares of the utilities provider's stock, valued at approximately $34,332,000.

A number of other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of 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 valued at $3,781,790,000 after purchasing an additional 966,152 shares during the last quarter. Norges Bank purchased a new stake in shares of NextEra Energy during the 4th quarter worth $2,816,327,000. Price T Rowe Associates Inc. MD lifted its position in shares of NextEra Energy by 6.6% during 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 during the last quarter. Deutsche Bank AG grew its stake in shares of NextEra Energy by 2.9% during the fourth quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider's stock worth $1,387,347,000 after purchasing an additional 485,854 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake 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 worth $1,382,473,000 after purchasing an additional 253,273 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Bank of America decreased their price target on NextEra Energy from $95.00 to $93.00 and set a "neutral" rating for the company in a report on Monday, July 13th. Wall Street Zen lowered NextEra Energy from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 22nd. Morgan Stanley set a $114.00 target price on NextEra Energy and gave the stock an "overweight" rating in a research report on Friday, August 21st. BMO Capital Markets boosted their target price on NextEra Energy from $94.00 to $96.00 and gave the stock an "outperform" rating in a research note on Monday, July 27th. Finally, Evercore reaffirmed an "outperform" rating and issued a $107.00 price target on shares of NextEra Energy in a report on Monday, May 4th. Seventeen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.33.

NextEra Energy Stock Down 0.1%

NEE opened at $81.74 on Monday. NextEra Energy, Inc. has a one year low of $69.24 and a one year high of $98.75. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. The stock has a market capitalization of $170.49 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 2.24 and a beta of 0.67. The business's 50-day simple moving average is $86.95 and its 200-day simple moving average is $89.70.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly 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. The firm had revenue of $7.53 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

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

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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