Saudi Central Bank Has $12.81 Million Stock Holdings in NextEra Energy, Inc. $NEE

Key Points

• Saudi Central Bank nearly doubled its NextEra Energy stake in the second quarter, increasing holdings by 92% to 145,971 shares valued at approximately $12.81 million.
• NextEra Energy reported quarterly EPS of $1.15, exceeding estimates of $1.11, while revenue rose 12.4% year over year to $7.53 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $100.33.
• The company declared a quarterly dividend of $0.6232 per share, equivalent to $2.49 annually and a 3.0% yield, payable September 15 to shareholders of record on August 28.

Saudi Central Bank increased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 92.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,971 shares of the utilities provider's stock after acquiring an additional 69,960 shares during the period. Saudi Central Bank's holdings in NextEra Energy were worth $12,812,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. purchased a new stake in shares of NextEra Energy during the 2nd quarter worth about $26,000. Kilter Group LLC bought a new stake in shares of NextEra Energy in the 2nd quarter valued at approximately $25,000. Manning & Napier Advisors LLC acquired a new position in NextEra Energy in the second quarter worth approximately $26,000. Financial Life Planners acquired a new position in NextEra Energy in the first quarter worth approximately $30,000. Finally, Wealth Watch Advisors INC raised its position in 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 acquiring an additional 226 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NEE. HC Wainwright reiterated a "buy" rating on shares of NextEra Energy in a research note on Monday, July 27th. BMO Capital Markets increased their price objective on NextEra Energy from $94.00 to $96.00 and gave the company an "outperform" rating in a report on Monday, July 27th. Morgan Stanley set a $114.00 target price on shares of NextEra Energy and gave the company an "overweight" rating in a research note on Friday, August 21st. Wall Street Zen downgraded NextEra Energy from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 22nd. Finally, Mizuho set a $95.00 price target on shares of NextEra Energy in a report on Monday, July 27th. Seventeen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $100.33.

NextEra Energy Trading Down 0.9%

Shares of NEE opened at $83.33 on Friday. The stock's 50-day moving average price is $86.54 and its 200 day moving average price is $89.41. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $173.81 billion, a price-to-earnings ratio of 18.73, a P/E/G ratio of 2.58 and a beta of 0.65. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data 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 return on equity of 12.28% and a net margin of 32.40%.The company had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter last year, the company earned $1.05 EPS. The company's quarterly revenue was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, research analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be given a $0.6232 dividend. This represents a $2.49 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy's dividend payout ratio (DPR) is 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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