Mitsubishi UFJ Asset Management Co. Ltd. Buys 472,190 Shares of NextEra Energy, Inc. $NEE

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 9.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,448,444 shares of the utilities provider’s stock after buying an additional 472,190 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in NextEra Energy were worth $478,210,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the business. Norges Bank bought a new stake in NextEra Energy during the 4th quarter valued at about $2,816,327,000. Employees Provident Fund Board purchased a new stake in NextEra Energy during the 4th quarter valued at about $240,840,000. Amundi increased its stake in shares of NextEra Energy by 16.7% during the third quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock worth $1,012,129,000 after purchasing an additional 1,780,881 shares in the last quarter. Caisse de depot et placement du Quebec raised its position in shares of NextEra Energy by 64.4% during the 4th quarter. Caisse de depot et placement du Quebec now owns 3,715,931 shares of the utilities provider’s stock worth $298,315,000 after purchasing an additional 1,456,185 shares during the last quarter. Finally, DJE Kapital AG lifted its stake in NextEra Energy by 285.7% in the 1st quarter. DJE Kapital AG now owns 1,800,015 shares of the utilities provider’s stock valued at $165,313,000 after buying an additional 1,333,332 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NEE shares. Erste Group Bank lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Weiss Ratings lowered shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Mizuho set a $95.00 target price on NextEra Energy in a research report on Monday, July 27th. Morgan Stanley set a $114.00 price target on NextEra Energy and gave the stock an “overweight” rating in a research report on Friday, August 21st. Finally, Barclays set a $91.00 target price on shares of NextEra Energy and gave the stock an “equal weight” rating in a research 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $100.33.

NextEra Energy Trading Up 0.1%

Shares of NEE opened at $84.27 on Thursday. NextEra Energy, Inc. has a 12 month low of $69.24 and a 12 month high of $98.75. The stock’s 50-day moving average is $87.11 and its two-hundred day moving average is $89.80. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. The stock has a market cap of $175.77 billion, a PE ratio of 18.94, a P/E/G ratio of 2.30 and a beta of 0.67.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. The firm had revenue of $7.53 billion during the quarter, compared to analyst estimates 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 was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be paid a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s payout ratio is 55.96%.

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.