NextEra Energy, Inc. $NEE Shares Acquired by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 15.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 149,957 shares of the utilities provider’s stock after buying an additional 20,623 shares during the period. Sumitomo Life Insurance Co.’s holdings in NextEra Energy were worth $12,039,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Indivisible Partners acquired a new stake in shares of NextEra Energy in the fourth quarter worth approximately $1,355,000. First Long Island Investors LLC purchased a new position in NextEra Energy in the third quarter valued at approximately $14,198,000. Metis Global Partners LLC raised its holdings in NextEra Energy by 15.0% in the third quarter. Metis Global Partners LLC now owns 238,101 shares of the utilities provider’s stock valued at $17,974,000 after buying an additional 31,135 shares during the period. Caprock Group LLC purchased a new position in NextEra Energy in the third quarter valued at approximately $2,868,000. Finally, SevenBridge Financial Group LLC raised its holdings in NextEra Energy by 39.7% in the third quarter. SevenBridge Financial Group LLC now owns 49,603 shares of the utilities provider’s stock valued at $3,745,000 after buying an additional 14,089 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Up 1.3%

NEE opened at $85.92 on Friday. The firm has a market capitalization of $179.18 billion, a P/E ratio of 21.86, a P/E/G ratio of 2.49 and a beta of 0.68. The firm’s 50 day moving average is $90.94 and its 200-day moving average is $88.24. NextEra Energy, Inc. has a 52-week low of $67.20 and a 52-week high of $98.75. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.06. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.43 billion. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.6232 per share. The ex-dividend date is Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. NextEra Energy’s dividend payout ratio (DPR) is currently 63.36%.

Wall Street Analysts Forecast Growth

NEE has been the topic of several research reports. Wall Street Zen lowered shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Jefferies Financial Group raised their price target on shares of NextEra Energy from $92.00 to $93.00 and gave the company a “hold” rating in a report on Tuesday, April 21st. UBS Group raised their price target on shares of NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Weiss Ratings lowered shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Finally, Mizuho lifted their price objective on shares of NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $99.20.

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.