Polar Asset Management Partners Inc. Purchases New Shares in NextEra Energy, Inc. $NEE

Key Points

• Polar Asset Management purchased 81,380 shares of NextEra Energy worth approximately $7.14 million in the second quarter. Institutional investors collectively own 78.72% of the company’s outstanding shares.
• Analysts maintain a generally positive outlook, with 17 Buy ratings and six Hold ratings, producing a “Moderate Buy” consensus and an average price target of $100.33.
• NextEra exceeded quarterly EPS expectations, reporting $1.15 versus the $1.11 estimate, while revenue rose 12.4% year over year. The company also declared a quarterly dividend of $0.6232 per share, representing a 3.0% annualized yield.

Polar Asset Management Partners Inc. purchased a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 81,380 shares of the utilities provider's stock, valued at approximately $7,143,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Walker Asset Management LLC raised its stake in shares of NextEra Energy by 2.2% in the first quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider's stock valued at $465,000 after acquiring an additional 107 shares during the period. PUREfi Wealth LLC boosted its stake in shares of NextEra Energy by 0.9% during the 1st quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider's stock worth $1,170,000 after purchasing an additional 107 shares during the period. Garrison Point Advisors LLC grew its holdings in NextEra Energy by 0.4% during the 4th quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider's stock valued at $2,269,000 after purchasing an additional 109 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings in NextEra Energy by 12.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider's stock valued at $94,000 after purchasing an additional 111 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID raised its position in NextEra Energy by 23.2% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider's stock worth $55,000 after purchasing an additional 112 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NEE shares. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 13th. HC Wainwright reiterated a "buy" rating on shares of NextEra Energy in a report on Monday, July 27th. Erste Group Bank lowered NextEra Energy from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. Jefferies Financial Group set a $94.00 price objective on NextEra Energy in a report on Tuesday, July 14th. Finally, DA Davidson upped their price objective on NextEra Energy from $95.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Seventeen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $100.33.

NextEra Energy Price Performance

NextEra Energy stock opened at $82.46 on Tuesday. The stock has a market cap of $172.00 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 2.24 and a beta of 0.67. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75. The firm has a 50-day moving average of $86.88 and a two-hundred day moving average of $89.64.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The business had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period last year, the company posted $1.05 earnings per share. The company's quarterly revenue was up 12.4% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, research analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be issued 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 presently 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