OMERS ADMINISTRATION Corp Invests $20.57 Million in NextEra Energy, Inc. $NEE

OMERS ADMINISTRATION Corp purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 234,380 shares of the utilities provider’s stock, valued at approximately $20,572,000.

Several other hedge funds have also recently added to or reduced their stakes in NEE. Norges Bank purchased a new stake in shares of NextEra Energy during the fourth quarter worth $2,816,327,000. GQG Partners LLC purchased a new position in shares of NextEra Energy in the second quarter worth about $651,293,000. Employees Provident Fund Board acquired a new position in NextEra Energy during the fourth quarter worth about $240,840,000. Amundi boosted its position in NextEra Energy by 16.7% during the third 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. Finally, Haverford Trust Co purchased a new stake in NextEra Energy during the 2nd quarter valued at about $151,706,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Down 0.1%

NEE stock opened at $81.74 on Monday. NextEra Energy, Inc. has a one year low of $69.24 and a one year high of $98.75. The firm has a market cap of $170.49 billion, a PE ratio of 18.37, a PEG ratio of 2.24 and a beta of 0.67. The firm’s 50 day moving average price is $86.95 and its 200-day moving average price is $89.70. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 12.28% and a net margin of 32.40%.The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current 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 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 of this dividend is Friday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 55.96%.

Analysts Set New Price Targets

A number of research analysts have weighed in on NEE shares. Bank of America decreased their target price on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a research note on Monday, July 13th. Wall Street Zen downgraded NextEra Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Evercore reissued an “outperform” rating and set a $107.00 price objective on shares of NextEra Energy in a research note on Monday, May 4th. Sanford C. Bernstein restated an “outperform” rating and issued a $108.00 target price on shares of NextEra Energy in a report on Monday, July 27th. Finally, HC Wainwright reissued a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. Seventeen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.