NextEra Energy, Inc. $NEE Stake Lifted by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 553,383 shares of the utilities provider’s stock after acquiring an additional 8,809 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in NextEra Energy were worth $41,913,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NEE. Pin Oak Investment Advisors Inc. acquired a new stake in NextEra Energy in the second quarter worth approximately $26,000. Kilter Group LLC bought a new position in NextEra Energy during the 2nd quarter valued at $25,000. Manning & Napier Advisors LLC bought a new position in NextEra Energy during the 2nd quarter valued at $26,000. Financial Life Planners bought a new position in NextEra Energy during the 1st quarter valued at $30,000. Finally, Axiom Investment Management LLC bought a new position in NextEra Energy during the 1st quarter valued at $32,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NEE shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of NextEra Energy in a research report on Tuesday, September 8th. Wall Street Zen raised NextEra Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday. Morgan Stanley set a $110.00 price objective on NextEra Energy and gave the company an “overweight” rating in a report on Wednesday, October 14th. Mizuho decreased their target price on NextEra Energy from $95.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, October 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of NextEra Energy in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $99.30.

NextEra Energy Stock Performance

Shares of NEE opened at $78.21 on Tuesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. The firm’s 50 day moving average is $81.00 and its 200-day moving average is $86.48. NextEra Energy, Inc. has a 12-month low of $74.41 and a 12-month high of $98.75. The stock has a market capitalization of $163.14 billion, a P/E ratio of 17.58, a P/E/G ratio of 2.46 and a beta of 0.64.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping 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 business had revenue of $7.53 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the previous year, the firm earned $1.05 EPS. The business’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. Equities research analysts anticipate that NextEra Energy, Inc. will post 4.03 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th were issued a $0.6232 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $2.49 annualized dividend and a dividend yield of 3.2%. NextEra Energy’s dividend 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.