Puzo Michael J Takes $2.66 Million Position in NextEra Energy, Inc. $NEE

Key Points

• Puzo Michael J acquired a new $2.66 million stake in NextEra Energy during the second quarter, purchasing 30,272 shares. Institutional investors collectively own 78.72% of the company.
• NextEra reported quarterly EPS of $1.15, beating analyst estimates of $1.11, while revenue rose 12.4% year over year to $7.53 billion but fell short of the $8.11 billion consensus estimate.
• The company declared a quarterly dividend of $0.6232, equivalent to a $2.49 annualized payout and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $100.33.

Puzo Michael J bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 30,272 shares of the utilities provider's stock, valued at approximately $2,657,000.

A number of other hedge funds have also recently added to or reduced their stakes in NEE. Live Oak Investment Partners acquired a new position in NextEra Energy during the second quarter worth approximately $226,000. Frazier Financial Advisors LLC acquired a new stake in shares of NextEra Energy in the second quarter valued at approximately $266,000. Northcape Wealth Management LLC purchased a new position in shares of NextEra Energy during the second quarter worth approximately $4,424,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of NextEra Energy during the second quarter worth approximately $86,940,000. Finally, United Bank acquired a new position in shares of NextEra Energy in the 2nd quarter valued at $1,372,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Down 2.1%

Shares of NextEra Energy stock opened at $81.74 on Friday. The company has a market cap of $170.49 billion, a P/E ratio of 18.37, a PEG ratio of 2.28 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 one year low of $69.24 and a one year high of $98.75. The firm has a fifty day moving average of $86.95 and a two-hundred day moving average of $89.70.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its 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 business had revenue of $7.53 billion during 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 company's revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NEE shares. Jefferies Financial Group set a $94.00 price target on shares of NextEra Energy in a research note on Tuesday, July 14th. Bank of America reduced their target price on shares of NextEra Energy from $95.00 to $93.00 and set a "neutral" rating for the company in a report on Monday, July 13th. Mizuho set a $95.00 target price on shares of NextEra Energy in a research note on Monday, July 27th. Evercore reissued an "outperform" rating and set a $107.00 price target on shares of NextEra Energy in a report on Monday, May 4th. Finally, Erste Group Bank cut 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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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