Sumitomo Mitsui DS Asset Management Company Ltd Purchases 8,809 Shares of NextEra Energy, Inc. $NEE

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 1.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 553,383 shares of the utilities provider’s stock after buying an additional 8,809 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in NextEra Energy were worth $41,913,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Midway Capital Research & Management boosted its stake in shares of NextEra Energy by 2.1% during the 3rd quarter. Midway Capital Research & Management now owns 26,882 shares of the utilities provider’s stock valued at $2,036,000 after buying an additional 546 shares during the last quarter. Worth Financial Advisory Group LLC grew its position in shares of NextEra Energy by 3.2% during the third quarter. Worth Financial Advisory Group LLC now owns 7,268 shares of the utilities provider’s stock worth $550,000 after buying an additional 222 shares in the last quarter. Blue Zone Wealth Advisors LLC increased its stake in shares of NextEra Energy by 1.1% in the third quarter. Blue Zone Wealth Advisors LLC now owns 69,886 shares of the utilities provider’s stock worth $5,293,000 after buying an additional 742 shares during the last quarter. Maia Wealth LLC increased its stake in shares of NextEra Energy by 13.8% in the third quarter. Maia Wealth LLC now owns 16,113 shares of the utilities provider’s stock worth $1,220,000 after buying an additional 1,950 shares during the last quarter. Finally, Tanager Wealth Management LLP increased its stake in shares of NextEra Energy by 19.9% in the third quarter. Tanager Wealth Management LLP now owns 6,079 shares of the utilities provider’s stock worth $461,000 after buying an additional 1,009 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NEE. Barclays set a $84.00 price objective on shares of NextEra Energy and gave the company an “equal weight” rating in a research note on Monday. BMO Capital Markets boosted their target price on shares of NextEra Energy from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Wells Fargo & Company raised shares of NextEra Energy to a “strong-buy” rating in a research report on Monday, October 12th. Sanford C. Bernstein restated an “outperform” rating and issued a $108.00 target price on shares of NextEra Energy in a research note on Monday, July 27th. Finally, Bank of America cut their target price on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $99.30.

NextEra Energy Trading Down 2.0%

NextEra Energy stock opened at $78.21 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. The firm has a 50-day moving average price of $81.00 and a two-hundred day moving average price of $86.48. The firm has a market capitalization of $163.14 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 2.46 and a beta of 0.64. NextEra Energy, Inc. has a 52-week low of $74.41 and a 52-week high of $98.75.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the previous year, the business earned $1.05 EPS. The firm’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. Sell-side analysts expect that NextEra Energy, Inc. will post 4.03 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 28th were paid a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, August 28th. NextEra Energy’s payout ratio is currently 55.96%.

NextEra Energy Profile

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy’s principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.