Summit Securities Group LLC Boosts Position in NextEra Energy, Inc. $NEE

Key Points

• Summit Securities Group increased its NextEra Energy position by 32,335.4% in the second quarter, ending with 435,283 shares valued at approximately $38.2 million. Institutional investors collectively own 78.72% of NEE.
• NextEra reported quarterly EPS of $1.15, exceeding estimates of $1.11, while revenue rose 12.4% year over year to $7.53 billion, below the $8.11 billion consensus estimate.
• The company declared a quarterly dividend of $0.6232, equivalent to an annualized $2.49 payout and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $100.33.

Summit Securities Group LLC increased its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 32,335.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 435,283 shares of the utilities provider's stock after buying an additional 433,941 shares during the period. NextEra Energy accounts for approximately 3.7% of Summit Securities Group LLC's investment portfolio, making the stock its 2nd biggest holding. Summit Securities Group LLC's holdings in NextEra Energy were worth $38,205,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Commonwealth Retirement Investments LLC purchased a new position in NextEra Energy during the 2nd quarter worth $45,000. Oakwell Private Wealth Management LLC bought a new position in NextEra Energy during the second quarter valued at about $1,001,000. TCW Group Inc. raised its holdings in shares of NextEra Energy by 1.0% in the 2nd quarter. TCW Group Inc. now owns 38,839 shares of the utilities provider's stock worth $3,409,000 after purchasing an additional 403 shares during the period. BIP Wealth LLC grew its stake in shares of NextEra Energy by 19.3% during the 2nd quarter. BIP Wealth LLC now owns 15,296 shares of the utilities provider's stock worth $1,343,000 after acquiring an additional 2,479 shares during the period. Finally, Elyxium Wealth LLC grew its stake in shares of NextEra Energy by 43.8% during the second quarter. Elyxium Wealth LLC now owns 16,761 shares of the utilities provider's stock valued at $1,471,000 after buying an additional 5,109 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Up 0.1%

Shares of NEE opened at $83.71 on Monday. The firm has a market capitalization of $174.60 billion, a P/E ratio of 18.81, a P/E/G ratio of 2.29 and a beta of 0.67. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75. The firm has a fifty day moving average price of $87.22 and a 200-day moving average price of $89.90.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. The business had revenue of $7.53 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The company's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities research analysts expect 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. Investors 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 dividend on an annualized basis and a yield of 3.0%. NextEra Energy's dividend payout ratio is 55.96%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NEE. TD Cowen upped their price target on NextEra Energy from $99.00 to $101.00 and gave the company a "buy" rating in a report on Monday, April 27th. Evercore reaffirmed an "outperform" rating and issued a $107.00 price objective on shares of NextEra Energy in a research note on Monday, May 4th. HC Wainwright restated a "buy" rating on shares of NextEra Energy in a research report on Monday, July 27th. Morgan Stanley set a $114.00 target price on NextEra Energy and gave the stock an "overweight" rating in a report on Friday. Finally, Mizuho set a $95.00 price objective on NextEra Energy in a research note on Monday, July 27th. Seventeen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $100.33.

NextEra Energy 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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