Patron Partners LLC Acquires New Stake in NextEra Energy, Inc. $NEE

Patron Partners LLC bought a new position in NextEra Energy, Inc. (NYSE:NEE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 20,562 shares of the utilities provider’s stock, valued at approximately $1,805,000.

Several other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of NextEra Energy by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider’s stock worth $3,781,790,000 after acquiring an additional 966,152 shares during the period. Norges Bank bought a new stake in NextEra Energy in the 4th quarter valued at about $2,816,327,000. Price T Rowe Associates Inc. MD raised its stake in NextEra Energy by 6.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider’s stock valued at $1,474,407,000 after acquiring an additional 1,136,074 shares during the period. Deutsche Bank AG lifted its holdings in NextEra Energy by 2.9% during 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 purchasing an additional 485,854 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in NextEra Energy by 1.5% during 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 purchasing an additional 253,273 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

NYSE NEE opened at $81.74 on Friday. The company has a 50-day simple moving average of $86.95 and a two-hundred day simple moving average of $89.70. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75. The firm has a market cap of $170.49 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.24 and a beta of 0.67. 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 (NYSE:NEE) last released its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share 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%.NextEra Energy’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, equities analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

The business 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. The ex-dividend date is Friday, August 28th. This represents a $2.49 annualized dividend and a yield of 3.0%. NextEra Energy’s payout ratio is presently 55.96%.

Analysts Set New Price Targets

NEE has been the subject of several recent research reports. BMO Capital Markets lifted their target price on shares of NextEra Energy from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Erste Group Bank downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Mizuho set a $95.00 price objective on shares of NextEra Energy in a research note on Monday, July 27th. Barclays set a $91.00 target price on shares of NextEra Energy and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Finally, Morgan Stanley set a $114.00 target price on NextEra Energy and gave the stock an “overweight” rating in a research report on Friday, August 21st. Seventeen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $100.33.

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.