LGT Fund Management Co Ltd. Has $16.27 Million Stock Holdings in NextEra Energy, Inc. $NEE

LGT Fund Management Co Ltd. grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 285.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,138 shares of the utilities provider’s stock after buying an additional 129,648 shares during the quarter. NextEra Energy accounts for about 0.7% of LGT Fund Management Co Ltd.’s holdings, making the stock its 26th biggest position. LGT Fund Management Co Ltd.’s holdings in NextEra Energy were worth $16,267,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NEE. Indivisible Partners purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $1,355,000. Carnegie Investment Counsel boosted its holdings in NextEra Energy by 9.4% during the 4th quarter. Carnegie Investment Counsel now owns 458,141 shares of the utilities provider’s stock worth $36,780,000 after acquiring an additional 39,250 shares during the last quarter. Swedbank AB grew its stake in shares of NextEra Energy by 13.4% in the 4th quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider’s stock worth $81,615,000 after acquiring an additional 120,389 shares in the last quarter. Fisher Funds Management LTD raised its holdings in shares of NextEra Energy by 3.5% in the fourth quarter. Fisher Funds Management LTD now owns 619,640 shares of the utilities provider’s stock valued at $49,884,000 after purchasing an additional 20,709 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of NextEra Energy in the third quarter valued at about $21,446,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NEE traded up $0.79 during trading hours on Friday, hitting $87.89. The stock had a trading volume of 11,222,744 shares, compared to its average volume of 11,218,148. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75. The company’s fifty day simple moving average is $88.56 and its 200 day simple moving average is $88.87. The stock has a market cap of $183.27 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 2.58 and a beta of 0.67. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41.

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

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were issued a $0.6232 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.49 annualized dividend and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is 63.36%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NEE shares. DA Davidson boosted their price target on shares of NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Sanford C. Bernstein set a $107.00 target price on shares of NextEra Energy and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. Evercore restated an “outperform” rating and issued a $107.00 target price on shares of NextEra Energy in a research note on Monday, May 4th. JPMorgan Chase & Co. upped their target price on NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, HSBC lifted their price target on NextEra Energy from $103.00 to $106.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $99.90.

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.