Ninepoint Partners LP Buys New Position in NextEra Energy, Inc. $NEE

Ninepoint Partners LP bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the second quarter, HoldingsChannel reports. The institutional investor bought 19,474 shares of the utilities provider’s stock, valued at approximately $1,709,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Geode Capital Management LLC lifted its stake in NextEra Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider’s stock valued at $3,781,790,000 after purchasing an additional 966,152 shares during the last quarter. Norges Bank bought a new stake in NextEra Energy during the fourth quarter worth approximately $2,816,327,000. Price T Rowe Associates Inc. MD grew its position in NextEra Energy by 6.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider’s stock worth $1,474,407,000 after buying an additional 1,136,074 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of NextEra Energy by 2.9% in the fourth quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider’s stock valued at $1,387,347,000 after buying an additional 485,854 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of NextEra Energy by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 17,220,630 shares of the utilities provider’s stock valued at $1,382,473,000 after buying an additional 253,273 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NEE. HC Wainwright reissued a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. DA Davidson upped their target price on NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Erste Group Bank downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Wall Street Zen lowered shares of NextEra Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 22nd. Seventeen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.33.

NextEra Energy Trading Down 2.1%

NYSE:NEE opened at $81.74 on Friday. 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 stock’s 50 day moving average price is $86.95 and its 200 day moving average price is $89.70. 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, Inc. has a 52 week low of $69.24 and a 52 week high of $98.75.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. The firm 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%. NextEra Energy’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period 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. On average, research analysts forecast 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. Investors of record on Friday, August 28th will be paid a $0.6232 dividend. The ex-dividend date 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 (DPR) is presently 55.96%.

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.