Somerville Kurt F Acquires New Position in NextEra Energy, Inc. $NEE

Key Points

• Somerville Kurt F acquired 50,437 shares of NextEra Energy worth approximately $4.43 million, making NEE about 1.1% of its portfolio. Institutional investors collectively own 78.72% of the company.
• Analysts maintain a generally positive outlook, with 17 Buy ratings and six Holds; the stock has an average “Moderate Buy” rating and a consensus price target of $100.33.
• NextEra beat quarterly EPS estimates with $1.15 versus $1.11 expected, while revenue rose 12.4% year over year to $7.53 billion. The company also announced a quarterly dividend of $0.6232 per share, representing a 3.0% annualized yield.

Somerville Kurt F acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,437 shares of the utilities provider's stock, valued at approximately $4,427,000. NextEra Energy comprises about 1.1% of Somerville Kurt F's investment portfolio, making the stock its 29th biggest holding.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on NEE. BMO Capital Markets upped their target price on shares of NextEra Energy from $94.00 to $96.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. Mizuho set a $95.00 price target on shares of NextEra Energy in a research report on Monday, July 27th. Jefferies Financial Group set a $94.00 price target on shares of NextEra Energy in a report on Tuesday, July 14th. Barclays set a $91.00 price objective on NextEra Energy and gave the stock an "equal weight" rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings lowered NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, June 11th. Seventeen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, NextEra Energy presently has an average rating of "Moderate Buy" and an average target price of $100.33.

NextEra Energy Stock Performance

NYSE NEE opened at $81.74 on Friday. NextEra Energy, Inc. has a 52-week low of $69.24 and a 52-week high of $98.75. The company has a fifty day moving average of $86.95 and a 200-day moving average of $89.70. The company has a market capitalization of $170.49 billion, a P/E ratio of 18.37, a P/E/G 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 (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 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 business had revenue of $7.53 billion for the quarter, compared to analysts' expectations of $8.11 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. The firm's 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, equities research analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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

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