Westpac Banking Corp Makes New $4.93 Million Investment in NextEra Energy, Inc. $NEE

Westpac Banking Corp bought a new position in NextEra Energy, Inc. (NYSE:NEE) in the 2nd quarter, Holdings Channel.com reports. The fund bought 56,126 shares of the utilities provider’s stock, valued at approximately $4,926,000.

Other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new position in NextEra Energy in the fourth quarter worth about $25,000. Anfield Capital Management LLC raised its stake in NextEra Energy by 692.3% during the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after buying an additional 270 shares in the last quarter. Kilter Group LLC acquired a new stake in NextEra Energy during the second quarter valued at approximately $25,000. Wealth Watch Advisors INC lifted its holdings in NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after buying an additional 226 shares during the last quarter. Finally, Osbon Capital Management LLC bought a new position in NextEra Energy during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE opened at $81.74 on Friday. The firm has a market capitalization of $170.49 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 2.24 and a beta of 0.67. 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 one year low of $69.24 and a one year high of $98.75. The stock’s fifty day moving average is $86.95 and its 200-day moving average is $89.70.

NextEra Energy (NYSE:NEE) last issued 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. The business had revenue of $7.53 billion for 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 company’s revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on NEE. Morgan Stanley set a $114.00 price target on NextEra Energy and gave the company an “overweight” rating in a report on Friday, August 21st. DA Davidson lifted their price objective on shares of NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. HC Wainwright reiterated a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Evercore restated an “outperform” rating and issued a $107.00 price target on shares of NextEra Energy in a research report on Monday, May 4th. Finally, Jefferies Financial Group set a $94.00 price target on shares of NextEra Energy in a report on Tuesday, July 14th. Seventeen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.33.

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.