Notis McConarty Edward Invests $2.40 Million in NextEra Energy, Inc. $NEE

Key Points

• Notis McConarty Edward acquired 27,388 NextEra Energy shares worth approximately $2.40 million during the second quarter. Hedge funds and institutional investors collectively own 78.72% of NEE.
• NextEra Energy reported quarterly EPS of $1.15, exceeding analyst estimates of $1.11, while revenue rose 12.4% year over year to $7.53 billion, below the $8.11 billion consensus estimate.
• The company declared a quarterly dividend of $0.6232 per share, 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.

Notis McConarty Edward acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,388 shares of the utilities provider's stock, valued at approximately $2,404,000.

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

NextEra Energy Price Performance

NYSE:NEE opened at $81.74 on Friday. 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 firm has a market cap of $170.49 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.28 and a beta of 0.67. The firm's fifty day moving average is $86.95 and its two-hundred day moving average is $89.70.

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 for the quarter, beating analysts' consensus estimates of $1.11 by $0.04. The business had revenue of $7.53 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The company's revenue was up 12.4% on a year-over-year basis. 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. Research analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently declared 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 is Friday, August 28th. NextEra Energy's dividend payout ratio (DPR) is currently 55.96%.

Wall Street Analyst Weigh In

NEE has been the subject of a number of research reports. Wall Street Zen cut NextEra Energy from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 22nd. Mizuho set a $95.00 price objective on NextEra Energy in a report on Monday, July 27th. Barclays set a $91.00 price objective on NextEra Energy and gave the stock an "equal weight" rating in a research note on Tuesday, July 7th. DA Davidson lifted their target price on NextEra Energy from $95.00 to $105.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Finally, Erste Group Bank lowered NextEra Energy from a "buy" rating to a "hold" rating in a research report on Thursday, June 25th. Seventeen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, NextEra Energy has an average rating of "Moderate Buy" and an average target price of $100.33.

About NextEra Energy

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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