LM Advisors LLC Buys Shares of 15,589 NextEra Energy, Inc. $NEE

LM Advisors LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 15,589 shares of the utilities provider’s stock, valued at approximately $1,370,000.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in NextEra Energy in the 4th quarter valued at about $2,816,327,000. GQG Partners LLC purchased a new position in NextEra Energy during the second quarter worth about $651,293,000. Employees Provident Fund Board acquired a new stake in shares of NextEra Energy during the fourth quarter valued at about $240,840,000. Amundi increased its position 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 valued at $1,012,129,000 after acquiring an additional 1,780,881 shares during the last quarter. Finally, Haverford Trust Co purchased a new stake in shares of NextEra Energy in the 2nd quarter valued at approximately $151,706,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Bank of America decreased their price objective 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. DA Davidson lifted their target price on shares of NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Barclays set a $91.00 target price on NextEra Energy and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. HC Wainwright restated a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. Finally, Wall Street Zen lowered NextEra Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Seventeen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $100.33.

NextEra Energy Stock Down 0.1%

Shares of NEE opened at $81.74 on Monday. The company’s 50-day simple moving average is $86.95 and its 200-day simple moving average is $89.70. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75. The stock has a market capitalization of $170.49 billion, a PE ratio of 18.37, a P/E/G ratio of 2.24 and a beta of 0.67.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data 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. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The firm had revenue of $7.53 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the previous year, the business posted $1.05 earnings per share. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

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

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.