Rakuten Investment Management Inc. Grows Holdings in NextEra Energy, Inc. $NEE

Rakuten Investment Management Inc. grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 341,078 shares of the utilities provider’s stock after purchasing an additional 33,162 shares during the period. Rakuten Investment Management Inc.’s holdings in NextEra Energy were worth $30,240,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NEE. Brighton Jones LLC lifted its stake in shares of NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after buying an additional 1,840 shares during the period. Revolve Wealth Partners LLC grew its stake in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after acquiring an additional 298 shares during the period. Acadian Asset Management LLC raised its holdings in NextEra Energy by 38.4% in the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock valued at $887,000 after acquiring an additional 3,479 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in NextEra Energy by 18.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock valued at $386,000 after acquiring an additional 852 shares during the last quarter. Finally, United Bank raised its holdings in NextEra Energy by 2.9% in the 2nd quarter. United Bank now owns 15,596 shares of the utilities provider’s stock valued at $1,083,000 after acquiring an additional 444 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $83.10 on Thursday. NextEra Energy, Inc. has a twelve month low of $69.24 and a twelve month high of $98.75. The stock has a market capitalization of $173.34 billion, a P/E ratio of 18.68, a PEG ratio of 2.57 and a beta of 0.65. 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 business’s fifty day moving average price is $86.72 and its 200 day moving average price is $89.52.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping the consensus estimate 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 firm posted $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, research analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared 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 is Friday, August 28th. This represents a $2.49 annualized dividend and a yield of 3.0%. NextEra Energy’s dividend payout ratio (DPR) is presently 55.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NEE shares. Mizuho set a $95.00 price objective on NextEra Energy in a report on Monday, July 27th. Barclays set a $91.00 target price on NextEra Energy and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Wall Street Zen cut NextEra Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $108.00 price objective on shares of NextEra Energy in a research note on Monday, July 27th. Finally, Morgan Stanley set a $114.00 target price on shares of NextEra Energy and gave the stock an “overweight” rating in a research report on Friday, August 21st. Seventeen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.