Railway Pension Investments Ltd Lowers Stake in NextEra Energy, Inc. $NEE

Railway Pension Investments Ltd reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 11.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,056,432 shares of the utilities provider’s stock after selling 272,300 shares during the quarter. NextEra Energy makes up about 2.3% of Railway Pension Investments Ltd’s investment portfolio, making the stock its 15th largest holding. Railway Pension Investments Ltd’s holdings in NextEra Energy were worth $180,493,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of NextEra Energy during the 4th quarter valued at $2,816,327,000. Legal & General Group Plc purchased a new stake in NextEra Energy in the 2nd quarter worth $1,465,987,000. GQG Partners LLC bought a new stake in NextEra Energy during the second quarter valued at about $651,293,000. Canada Pension Plan Investment Board bought a new stake in NextEra Energy during the second quarter valued at about $389,527,000. Finally, Caisse de depot et placement du Quebec purchased a new position in shares of NextEra Energy in the second quarter valued at about $288,886,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 1.0%

Shares of NEE stock opened at $83.96 on Friday. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The stock’s 50-day moving average price is $86.64 and its 200-day moving average price is $89.45. The stock has a market capitalization of $175.12 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 2.57 and a beta of 0.65.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. The company had revenue of $7.53 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The firm’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities research analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be issued 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 dividend yield of 3.0%. NextEra Energy’s dividend payout ratio (DPR) is 55.96%.

Analyst Ratings Changes

Several analysts recently issued reports on NEE shares. JPMorgan Chase & Co. increased their target price on NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Bank of America lowered their price target on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. HC Wainwright restated a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Erste Group Bank lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Morgan Stanley set a $114.00 price objective on shares of NextEra Energy and gave the company an “overweight” rating in a research report on Friday, August 21st. Seventeen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average 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.