Pinnacle West Asset Management Inc. Purchases New Shares in NextEra Energy, Inc. $NEE

Pinnacle West Asset Management Inc. acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the 2nd quarter, Holdings Channel reports. The firm acquired 8,045 shares of the utilities provider’s stock, valued at approximately $706,000.

A number of other large investors have also recently made changes to their positions in NEE. Norges Bank bought a new position in shares of NextEra Energy in the 4th quarter valued at about $2,816,327,000. Employees Provident Fund Board bought a new stake in NextEra Energy during the fourth quarter worth approximately $240,840,000. Amundi raised its position in 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 purchasing an additional 1,780,881 shares during the period. Danske Bank A S bought a new stake in shares of NextEra Energy in the 2nd quarter valued at approximately $136,255,000. Finally, Caisse de depot et placement du Quebec lifted its stake in shares of NextEra Energy by 64.4% in the 4th quarter. Caisse de depot et placement du Quebec now owns 3,715,931 shares of the utilities provider’s stock valued at $298,315,000 after purchasing an additional 1,456,185 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Down 2.1%

Shares of NYSE NEE opened at $81.74 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. The firm has a market capitalization of $170.49 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.24 and a beta of 0.67. The stock has a 50 day moving average price of $86.95 and a 200 day moving average price of $89.70. NextEra Energy, Inc. has a 52-week low of $69.24 and a 52-week high of $98.75.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. The company had revenue of $7.53 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.NextEra Energy’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the business posted $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Sell-side analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Evercore reissued an “outperform” rating and set a $107.00 target price on shares of NextEra Energy in a research report on Monday, May 4th. HC Wainwright reaffirmed a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Jefferies Financial Group set a $94.00 target price on shares of NextEra Energy in a research note on Tuesday, July 14th. Erste Group Bank lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Barclays set a $91.00 price target on shares of NextEra Energy and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Seventeen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.33.

NextEra Energy Company Profile

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.