Sumitomo Life Insurance Co. Grows Holdings in NextEra Energy, Inc. $NEE

Sumitomo Life Insurance Co. boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 15.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,957 shares of the utilities provider’s stock after purchasing an additional 20,623 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in NextEra Energy were worth $12,039,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NEE. Norges Bank purchased a new position in NextEra Energy during the 4th quarter worth $2,816,327,000. Pictet Asset Management Holding SA raised its position in NextEra Energy by 47.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock worth $742,913,000 after buying an additional 2,972,924 shares during the last quarter. Danica Pension Livsforsikringsaktieselskab purchased a new position in NextEra Energy during the 3rd quarter worth $177,198,000. Vanguard Group Inc. raised its position in NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock worth $17,343,185,000 after buying an additional 2,234,176 shares during the last quarter. Finally, Amundi raised its position in NextEra Energy by 16.7% during the 3rd quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock worth $1,012,129,000 after buying an additional 1,780,881 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. BTIG Research restated a “buy” rating and set a $112.00 price objective on shares of NextEra Energy in a research report on Friday, April 24th. TD Cowen increased their price target on shares of NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a report on Monday, April 27th. Barclays set a $90.00 price target on shares of NextEra Energy and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Mizuho increased their price target on shares of NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Finally, UBS Group raised their target price on shares of NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $99.20.

NextEra Energy Price Performance

NextEra Energy stock opened at $85.92 on Friday. NextEra Energy, Inc. has a 12-month low of $67.20 and a 12-month high of $98.75. The stock has a market capitalization of $179.18 billion, a P/E ratio of 21.86, a P/E/G ratio of 2.49 and a beta of 0.68. The firm’s 50-day moving average is $90.94 and its two-hundred day moving average is $88.24. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.06. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same period last year, the company earned $0.99 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Equities analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, June 5th. NextEra Energy’s dividend payout ratio (DPR) is currently 63.36%.

NextEra Energy 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.