40,000 Shares in NextEra Energy, Inc. $NEE Acquired by Kentucky Farm Bureau Mutual Insurance Co

Kentucky Farm Bureau Mutual Insurance Co acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 40,000 shares of the utilities provider’s stock, valued at approximately $3,511,000. NextEra Energy comprises about 1.0% of Kentucky Farm Bureau Mutual Insurance Co’s portfolio, making the stock its 29th biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. West Family Investments Inc. acquired a new stake in shares of NextEra Energy in the 2nd quarter valued at $422,000. Knuff & Co LLC bought a new stake in shares of NextEra Energy during the 2nd quarter worth $3,130,000. NewEdge Wealth LLC bought a new stake in shares of NextEra Energy during the 2nd quarter worth $9,444,000. Dala Group LLC acquired a new stake in NextEra Energy in the second quarter valued at about $1,441,000. Finally, Catalyst Investment Management LLC acquired a new stake in NextEra Energy in the second quarter valued at about $287,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Down 0.8%

NYSE:NEE opened at $83.51 on Friday. The firm’s 50 day simple moving average is $87.05 and its 200 day simple moving average is $89.75. The company has a market cap of $174.18 billion, a PE ratio of 18.77, a P/E/G ratio of 2.30 and a beta of 0.67. NextEra Energy, Inc. has a one year low of $69.24 and a one year high of $98.75. 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 (NYSE:NEE) last issued its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. The company had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. NextEra Energy’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, research analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have commented on NEE. Sanford C. Bernstein reissued an “outperform” rating and set a $108.00 target price on shares of NextEra Energy in a research note on Monday, July 27th. Weiss Ratings lowered shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. DA Davidson upped their price objective on shares of NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Morgan Stanley set a $114.00 price objective on shares of NextEra Energy and gave the company an “overweight” rating in a research note on Friday, August 21st. Finally, BMO Capital Markets raised their target price on shares of NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Seventeen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $100.33.

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.