NS Partners Ltd Decreases Holdings in NextEra Energy, Inc. $NEE

NS Partners Ltd lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 11.4% during the second quarter, HoldingsChannel.com reports. The fund owned 423,155 shares of the utilities provider’s stock after selling 54,636 shares during the quarter. NextEra Energy accounts for approximately 1.6% of NS Partners Ltd’s holdings, making the stock its 19th largest holding. NS Partners Ltd’s holdings in NextEra Energy were worth $37,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of NEE. Norges Bank purchased a new stake in NextEra Energy during the fourth quarter worth $2,816,327,000. Legal & General Group Plc acquired a new position in shares of NextEra Energy during the 2nd quarter worth $1,465,987,000. GQG Partners LLC purchased a new stake in shares of NextEra Energy in the 2nd quarter worth about $651,293,000. Canada Pension Plan Investment Board purchased a new stake in shares of NextEra Energy in the 2nd quarter worth about $389,527,000. Finally, Caisse de depot et placement du Quebec acquired a new stake in NextEra Energy in the 2nd quarter valued at about $288,886,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $83.96 on Friday. The company has a 50-day simple moving average of $86.64 and a 200-day simple moving average of $89.45. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. The company has a market cap of $175.12 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 2.57 and a beta of 0.65. NextEra Energy, Inc. has a 12 month low of $69.24 and a 12 month high of $98.75.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. The firm had revenue of $7.53 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, 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 announced 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. The ex-dividend date is Friday, August 28th. This represents a $2.49 annualized dividend and a yield of 3.0%. NextEra Energy’s dividend payout ratio is 55.96%.

Analyst Ratings Changes

NEE has been the subject of several recent research reports. Wall Street Zen downgraded shares of NextEra Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 22nd. BMO Capital Markets increased their price target 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. HC Wainwright reissued a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Erste Group Bank downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, Barclays set a $91.00 target price on NextEra Energy and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Seventeen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.