Reliant Investment Partners LLC Invests $560,000 in NextEra Energy, Inc. $NEE

Reliant Investment Partners LLC purchased a new position in NextEra Energy, Inc. (NYSE:NEE) during the second quarter, Holdings Channel.com reports. The fund purchased 6,376 shares of the utilities provider’s stock, valued at approximately $560,000.

Several other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in NextEra Energy in the fourth quarter worth $2,816,327,000. Employees Provident Fund Board bought a new position in shares of NextEra Energy during the 4th quarter worth $240,840,000. Amundi increased its holdings in NextEra Energy by 16.7% in the 3rd quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock worth $1,012,129,000 after acquiring an additional 1,780,881 shares during the last quarter. Danske Bank A S purchased a new stake in NextEra Energy in the 2nd quarter worth about $136,255,000. Finally, Caisse de depot et placement du Quebec raised its stake in NextEra Energy by 64.4% in the 4th quarter. Caisse de depot et placement du Quebec now owns 3,715,931 shares of the utilities provider’s stock valued at $298,315,000 after acquiring an additional 1,456,185 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 2.1%

Shares of NextEra Energy stock opened at $81.74 on Friday. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75. The company has a market cap of $170.49 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.28 and a beta of 0.67. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The company’s 50-day moving average price is $86.95 and its 200-day moving average price is $89.70.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. The company had revenue of $7.53 billion during 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 period last 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, equities analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Weiss Ratings lowered shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. HC Wainwright reissued a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. Erste Group Bank cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Barclays set a $91.00 price objective on shares of NextEra Energy and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Finally, Morgan Stanley set a $114.00 target price on shares of NextEra Energy and gave the company an “overweight” rating in a report on Friday, August 21st. Seventeen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.33.

NextEra Energy Company 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.