Torray Investment Partners LLC Has $20.85 Million Stock Position in NextEra Energy, Inc. $NEE

Key Points

• Torray Investment Partners increased its NextEra Energy stake by 19.1% in the second quarter, bringing its holdings to 237,562 shares valued at approximately $20.85 million. Institutional investors and hedge funds own 78.72% of the stock.
• Analysts maintain a generally positive outlook, with 17 Buy ratings and six Holds, resulting in a “Moderate Buy” consensus and an average price target of $100.43.
• NextEra Energy reported quarterly EPS of $1.15, beating estimates of $1.11, while revenue rose 12.4% year over year to $7.53 billion. The company also declared a quarterly dividend of $0.6232 per share, equivalent to an annualized yield of about 2.9%.

Torray Investment Partners LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 19.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 237,562 shares of the utilities provider's stock after purchasing an additional 38,084 shares during the period. NextEra Energy makes up approximately 2.8% of Torray Investment Partners LLC's holdings, making the stock its 13th largest holding. Torray Investment Partners LLC's holdings in NextEra Energy were worth $20,851,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Anfield Capital Management LLC boosted its stake in NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider's stock valued at $25,000 after buying an additional 270 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in NextEra Energy during the fourth quarter worth $25,000. Financial Life Planners acquired a new position in NextEra Energy during the first quarter worth $30,000. Wealth Watch Advisors INC lifted its holdings in shares of 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 during the period. Finally, Manning & Napier Advisors LLC lifted its holdings in shares of NextEra Energy by 104.9% during the first quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 172 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NEE has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Wednesday, May 13th. Erste Group Bank downgraded shares of NextEra Energy from a "buy" rating to a "hold" rating in a report on Thursday, June 25th. Bank of America reduced their price target on shares of NextEra Energy from $95.00 to $93.00 and set a "neutral" rating on the stock in a research report on Monday, July 13th. Weiss Ratings cut shares of NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, June 11th. Finally, Barclays set a $91.00 price objective on shares of NextEra Energy and gave the stock an "equal weight" rating in a report on Tuesday, July 7th. Seventeen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $100.43.

NextEra Energy Stock Performance

NextEra Energy stock opened at $84.97 on Friday. The stock has a 50-day simple moving average of $87.27 and a 200 day simple moving average of $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. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75. The stock has a market capitalization of $177.23 billion, a price-to-earnings ratio of 19.09, a P/E/G ratio of 2.35 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.04. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The business had revenue of $7.53 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the prior year, the company earned $1.05 EPS. The firm'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. On average, research analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company 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. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, August 28th. NextEra Energy's dividend payout ratio (DPR) is presently 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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