Tevis Investment Management Acquires Shares of 15,183 NextEra Energy, Inc. $NEE

by · The Markets Daily

Tevis Investment Management bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,183 shares of the utilities provider’s stock, valued at approximately $1,333,000.

Several other hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $2,816,327,000. Employees Provident Fund Board acquired a new position in NextEra Energy in the 4th quarter valued at $240,840,000. Amundi increased its position in NextEra Energy by 16.7% during the 3rd quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock worth $1,012,129,000 after buying an additional 1,780,881 shares during the period. Caisse de depot et placement du Quebec lifted its holdings in shares of NextEra Energy by 64.4% during the fourth quarter. Caisse de depot et placement du Quebec now owns 3,715,931 shares of the utilities provider’s stock worth $298,315,000 after buying an additional 1,456,185 shares in the last quarter. Finally, DJE Kapital AG boosted its position in shares of NextEra Energy by 285.7% in the first quarter. DJE Kapital AG now owns 1,800,015 shares of the utilities provider’s stock valued at $165,313,000 after acquiring an additional 1,333,332 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NEE has been the topic of a number of recent research reports. HC Wainwright reaffirmed a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. Morgan Stanley set a $114.00 price objective on shares of NextEra Energy and gave the company an “overweight” rating in a report on Friday. Wall Street Zen lowered shares of NextEra Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday. Evercore reiterated an “outperform” rating and issued a $107.00 price target on shares of NextEra Energy in a research report on Monday, May 4th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $108.00 price target on shares of NextEra Energy in a research note on Monday, July 27th. Seventeen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $100.33.

View Our Latest Stock Analysis on NEE

NextEra Energy Trading Up 0.2%

NEE opened at $84.24 on Wednesday. The company has a market cap of $175.71 billion, a P/E ratio of 18.93, a PEG ratio of 2.30 and a beta of 0.67. 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 company’s 50 day moving average is $87.14 and its 200-day moving average is $89.83. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75.

NextEra Energy (NYSE:NEE – Get Free Report) last released its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. The business had revenue of $7.53 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities research analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.6232 per share. 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 dividend payout ratio is 55.96%.

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.

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