Meiji Yasuda Asset Management Co Ltd. Takes Position in NextEra Energy, Inc. $NEE

Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 221,777 shares of the utilities provider’s stock, valued at approximately $19,465,000. NextEra Energy comprises 0.9% of Meiji Yasuda Asset Management Co Ltd.’s investment portfolio, making the stock its 18th biggest holding.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new stake in NextEra Energy during the 4th quarter valued at $2,816,327,000. GQG Partners LLC bought a new position in NextEra Energy during the second quarter worth $651,293,000. Employees Provident Fund Board acquired a new position in shares of NextEra Energy in the fourth quarter valued at $240,840,000. Amundi increased its holdings in shares of NextEra Energy by 16.7% in the third quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock valued at $1,012,129,000 after purchasing an additional 1,780,881 shares during the last quarter. Finally, Haverford Trust Co bought a new position in shares of NextEra Energy in the second quarter valued at about $151,706,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NEE shares. Wall Street Zen cut shares of NextEra Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 22nd. Erste Group Bank cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Mizuho set a $95.00 price objective on shares of NextEra Energy in a research report on Monday, July 27th. DA Davidson raised 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. Finally, JPMorgan Chase & Co. lifted their target price on NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Seventeen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $100.33.

NextEra Energy Stock Down 0.1%

Shares of NEE opened at $81.74 on Monday. The firm has a 50 day simple moving average of $86.95 and a two-hundred day simple moving average of $89.70. 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 one year low of $69.24 and a one year high of $98.75. The company has a market cap of $170.49 billion, a P/E ratio of 18.37, a P/E/G ratio of 2.24 and a beta of 0.67.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The company had revenue of $7.53 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same period last year, the company posted $1.05 EPS. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Research analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors 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 payout ratio is currently 55.96%.

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.