56,126 Shares in NextEra Energy, Inc. $NEE Bought by Westpac Banking Corp

Westpac Banking Corp bought a new stake in NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 56,126 shares of the utilities provider’s stock, valued at approximately $4,926,000.

A number of other institutional investors have also recently added to or reduced their stakes in NEE. Iyo Bank Ltd. acquired a new stake in NextEra Energy during the second quarter worth about $7,250,000. TRB Wealth Management LLC acquired a new position in shares of NextEra Energy in the 2nd quarter valued at about $585,000. Sumitomo Life Insurance Co. purchased a new stake in shares of NextEra Energy during the 2nd quarter worth about $18,175,000. Korea Investment CORP purchased a new stake in shares of NextEra Energy during the 2nd quarter worth about $131,528,000. Finally, EP Wealth Advisors LLC acquired a new stake in NextEra Energy during the 2nd quarter worth approximately $64,674,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 2.1%

Shares of NYSE NEE opened at $81.74 on Friday. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year 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 debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. The stock’s 50-day simple moving average is $86.95 and its 200-day simple moving average is $89.70.

NextEra Energy (NYSE:NEE) last issued 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. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The firm had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the prior year, the business posted $1.05 earnings per share. NextEra Energy’s revenue for the quarter was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, equities analysts anticipate 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 given a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s dividend payout ratio is presently 55.96%.

Analyst Ratings Changes

Several research firms recently commented on NEE. HC Wainwright restated a “buy” rating on shares of NextEra Energy in a report on Monday, July 27th. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. DA Davidson increased their price objective on shares of NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Jefferies Financial Group set a $94.00 target price on shares of NextEra Energy in a research note on Tuesday, July 14th. Finally, Bank of America reduced their target price on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Seventeen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $100.33.

NextEra Energy Company 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.