Polaris Capital Management LLC Sells 89,719 Shares of NextEra Energy, Inc. $NEE

Key Points

• Polaris Capital Management cut its NextEra Energy stake by 30.8% in the second quarter, selling 89,719 shares and retaining 201,957 shares valued at approximately $17.7 million.
• Institutional ownership remains high at 78.72%, while several other investors increased their positions. Wall Street analysts maintain a “Moderate Buy” consensus with an average price target of $99.36.
• NextEra reported quarterly EPS of $1.15, beating estimates, and revenue rose 12.4% year over year. The company also declared a quarterly dividend of $0.6232, representing a 2.9% annualized yield.

Polaris Capital Management LLC trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 30.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 201,957 shares of the utilities provider's stock after selling 89,719 shares during the quarter. NextEra Energy comprises about 1.7% of Polaris Capital Management LLC's holdings, making the stock its 26th largest position. Polaris Capital Management LLC's holdings in NextEra Energy were worth $17,726,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Indivisible Partners bought a new stake in NextEra Energy during the fourth quarter valued at approximately $1,355,000. Czech National Bank increased its holdings in shares of NextEra Energy by 4.7% in the 2nd quarter. Czech National Bank now owns 593,568 shares of the utilities provider's stock worth $52,097,000 after buying an additional 26,378 shares during the last quarter. Swedbank AB increased its holdings in shares of NextEra Energy by 13.4% in the 4th quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider's stock worth $81,615,000 after buying an additional 120,389 shares during the last quarter. Annex Advisory Services LLC raised its position in shares of NextEra Energy by 13.9% during the 2nd quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider's stock valued at $62,405,000 after buying an additional 86,585 shares in the last quarter. Finally, MGO One Seven LLC raised its position in shares of NextEra Energy by 12.1% during the 4th quarter. MGO One Seven LLC now owns 137,251 shares of the utilities provider's stock valued at $11,018,000 after buying an additional 14,828 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NEE has been the subject of several research reports. Barclays set a $91.00 target price on shares of NextEra Energy and gave the stock an "equal weight" rating in a research report on Tuesday, July 7th. Morgan Stanley restated an "overweight" rating and set a $116.00 price target on shares of NextEra Energy in a research report on Wednesday, July 22nd. Scotiabank lifted their price target on NextEra Energy from $102.00 to $110.00 and gave the stock a "sector perform" rating in a research note on Friday, April 24th. Evercore reiterated an "outperform" rating and issued a $107.00 price objective on shares of NextEra Energy in a report on Monday, May 4th. Finally, Wells Fargo & Company set a $102.00 price objective on NextEra Energy and gave the company an "overweight" rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $99.36.

NextEra Energy Trading Up 0.1%

Shares of NEE opened at $86.27 on Tuesday. The firm has a market cap of $179.94 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.36 and a beta of 0.67. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. NextEra Energy, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $98.75. The firm has a 50 day moving average price of $87.21 and a 200-day moving average price of $89.97.

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

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be issued a $0.6232 dividend. The ex-dividend date is Friday, August 28th. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. NextEra Energy's payout ratio is currently 55.96%.

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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