Resona Asset Management Co. Ltd. Has $60.41 Million Stock Holdings in NextEra Energy, Inc. $NEE

Resona Asset Management Co. Ltd. lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 2.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 651,635 shares of the utilities provider’s stock after acquiring an additional 14,764 shares during the period. Resona Asset Management Co. Ltd.’s holdings in NextEra Energy were worth $60,407,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in NEE. Anfield Capital Management LLC raised its position in NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 270 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new stake in NextEra Energy during the fourth quarter valued at approximately $25,000. Financial Life Planners acquired a new stake in NextEra Energy during the first quarter valued at approximately $30,000. Wealth Watch Advisors INC boosted its holdings in NextEra Energy by 223.8% during the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 226 shares in the last quarter. Finally, Osbon Capital Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $27,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

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NextEra Energy Stock Performance

NYSE:NEE opened at $87.36 on Thursday. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75. The firm has a 50 day moving average of $88.87 and a 200-day moving average of $88.82. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $182.17 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 2.59 and a beta of 0.67.

NextEra Energy (NYSE:NEEGet Free Report) last released its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.43 billion. During the same period in the prior year, the company earned $0.99 EPS. NextEra Energy’s revenue for the quarter was up 7.3% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were paid a $0.6232 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. NextEra Energy’s payout ratio is currently 63.36%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Morgan Stanley increased their target price on NextEra Energy from $111.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. DA Davidson boosted their price target on NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Barclays set a $91.00 price target on NextEra Energy and gave the company an “equal weight” rating in a research report on Tuesday. Wells Fargo & Company set a $102.00 price objective on NextEra Energy and gave the stock an “overweight” rating in a research note on Friday, April 24th. Finally, BTIG Research reissued a “buy” rating and set a $112.00 price objective on shares of NextEra Energy in a report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $99.90.

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About NextEra Energy

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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