Polaris Capital Management LLC Reduces Position in NextEra Energy, Inc. $NEE

Polaris Capital Management LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 30.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 201,957 shares of the utilities provider’s stock after selling 89,719 shares during the period. NextEra Energy comprises approximately 1.7% of Polaris Capital Management LLC’s portfolio, making the stock its 26th biggest holding. Polaris Capital Management LLC’s holdings in NextEra Energy were worth $17,726,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Walker Asset Management LLC boosted its position in NextEra Energy by 2.2% during the 1st quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider’s stock valued at $465,000 after buying an additional 107 shares during the period. PUREfi Wealth LLC raised its stake in shares of NextEra Energy by 0.9% during the first quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider’s stock valued at $1,170,000 after acquiring an additional 107 shares during the last quarter. Garrison Point Advisors LLC boosted its holdings in shares of NextEra Energy by 0.4% during the fourth quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider’s stock worth $2,269,000 after purchasing an additional 109 shares during the period. Cornerstone Planning Group LLC boosted its holdings in shares of NextEra Energy by 12.8% during the first quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider’s stock worth $94,000 after purchasing an additional 111 shares during the period. Finally, Legacy Wealth Managment LLC ID grew its stake in shares of NextEra Energy by 23.2% in the first quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider’s stock worth $55,000 after purchasing an additional 112 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

NEE stock opened at $86.27 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. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75. The firm has a 50-day moving average of $87.21 and a 200 day moving average of $89.97. The company has a market cap of $179.94 billion, a P/E ratio of 19.39, a PEG ratio of 2.36 and a beta of 0.67.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data 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 return on equity of 12.28% and a net margin of 32.40%.The business had revenue of $7.53 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the previous year, the firm posted $1.05 EPS. The business’s revenue was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be given 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 2.9%. NextEra Energy’s payout ratio is currently 55.96%.

Wall Street Analyst Weigh In

NEE has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $116.00 price target on shares of NextEra Energy in a research report on Wednesday, July 22nd. HSBC lifted their price objective on NextEra Energy from $103.00 to $106.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Mizuho set a $95.00 target price on NextEra Energy in a report on Monday, July 27th. Wall Street Zen downgraded NextEra Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Finally, HC Wainwright reaffirmed a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $99.36.

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.