Polar Asset Management Partners Inc. Acquires New Shares in NextEra Energy, Inc. $NEE

Polar Asset Management Partners Inc. acquired a new position in NextEra Energy, Inc. (NYSE:NEE) in the second quarter, HoldingsChannel reports. The fund acquired 81,380 shares of the utilities provider’s stock, valued at approximately $7,143,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in NextEra Energy during the 4th quarter valued at about $2,816,327,000. Legal & General Group Plc bought a new stake in shares of NextEra Energy in the 2nd quarter valued at about $1,465,987,000. GQG Partners LLC purchased a new stake in shares of NextEra Energy in the 2nd quarter worth approximately $651,293,000. Canada Pension Plan Investment Board purchased a new stake in shares of NextEra Energy in the 2nd quarter worth approximately $389,527,000. Finally, Employees Provident Fund Board bought a new position in shares of NextEra Energy during the fourth quarter valued at approximately $240,840,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Up 0.8%

NYSE NEE opened at $82.46 on Tuesday. NextEra Energy, Inc. has a 52 week low of $69.24 and a 52 week high of $98.75. The company has a 50 day moving average price of $86.88 and a 200 day moving average price of $89.64. 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 market cap of $172.00 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 2.24 and a beta of 0.67.

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 net margin of 32.40% and a return on equity of 12.28%. The company had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same period last year, the firm earned $1.05 earnings per share. NextEra Energy’s revenue was up 12.4% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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

Analyst Ratings Changes

NEE has been the topic of several research reports. Weiss Ratings lowered shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Barclays set a $91.00 target price on NextEra Energy and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. BMO Capital Markets increased their target price on NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Evercore reiterated an “outperform” rating and issued a $107.00 price target on shares of NextEra Energy in a report on Monday, May 4th. Finally, Wall Street Zen lowered NextEra Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Seventeen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.