Sumitomo Mitsui Trust Group Inc. Buys 67,620 Shares of NextEra Energy, Inc. $NEE

Key Points

• Sumitomo Mitsui Trust Group increased its NextEra Energy stake by 1.5%, purchasing 67,620 shares to hold 4.64 million shares valued at approximately $407.7 million. Institutional investors collectively own 78.72% of the company.
• NextEra Energy reported quarterly earnings of $1.15 per share, beating estimates of $1.11, while revenue rose 12.4% year over year to $7.53 billion, below expectations of $8.11 billion.
• The company declared a quarterly dividend of $0.6232 per share, representing an annualized dividend of $2.49 and a 2.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $100.43.

Sumitomo Mitsui Trust Group Inc. raised its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,644,707 shares of the utilities provider's stock after buying an additional 67,620 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.22% of NextEra Energy worth $407,666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Brighton Jones LLC increased its stake in shares of NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after acquiring an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after acquiring an additional 298 shares during the last quarter. Acadian Asset Management LLC grew its holdings in NextEra Energy by 38.4% during the first quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider's stock valued at $887,000 after purchasing an additional 3,479 shares during the period. Sivia Capital Partners LLC grew its holdings in NextEra Energy by 18.1% during the second quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider's stock valued at $386,000 after purchasing an additional 852 shares during the period. Finally, United Bank increased its stake in NextEra Energy by 2.9% in the second quarter. United Bank now owns 15,596 shares of the utilities provider's stock valued at $1,083,000 after purchasing an additional 444 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

NextEra Energy Price Performance

NYSE NEE opened at $84.97 on Friday. The firm's 50 day moving average is $87.27 and its 200-day moving average is $89.92. 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 company has a market capitalization of $177.23 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 2.35 and a beta of 0.67. 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 earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. The business had revenue of $7.53 billion during the quarter, compared to analysts' expectations of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The firm's revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities research analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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

Analysts Set New Price Targets

NEE has been the topic of several analyst reports. Scotiabank increased their target price on shares of NextEra Energy from $102.00 to $110.00 and gave the stock a "sector perform" rating in a report on Friday, April 24th. HC Wainwright reiterated a "buy" rating on shares of NextEra Energy in a report on Monday, July 27th. Wall Street Zen lowered NextEra Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 1st. BTIG Research restated a "buy" rating and set a $112.00 target price on shares of NextEra Energy in a report on Friday, April 24th. Finally, TD Cowen lifted their price target on shares of NextEra Energy from $99.00 to $101.00 and gave the company a "buy" rating in a research note on Monday, April 27th. Seventeen investment 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $100.43.

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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