Madison Asset Management LLC Invests $63.55 Million in NextEra Energy, Inc. $NEE

Madison Asset Management LLC bought a new position in NextEra Energy, Inc. (NYSE:NEE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 724,014 shares of the utilities provider’s stock, valued at approximately $63,547,000.

A number of other institutional investors have also added to or reduced their stakes in NEE. Laurel Wealth Advisors LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth about $25,000. Anfield Capital Management LLC raised its holdings in shares of NextEra Energy by 692.3% during the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after buying an additional 270 shares in the last quarter. Wealth Watch Advisors INC lifted its position in NextEra Energy by 223.8% in the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after buying an additional 226 shares during the last quarter. Osbon Capital Management LLC bought a new stake in NextEra Energy in the 4th quarter worth approximately $27,000. Finally, Strive Asset Management LLC purchased a new stake in NextEra Energy in the third quarter worth approximately $29,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $81.74 on Friday. 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, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $98.75. The firm has a market cap of $170.49 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 2.28 and a beta of 0.67. The business has a 50 day moving average price of $86.95 and a 200-day moving average price of $89.70.

NextEra Energy (NYSE:NEE) last issued 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. 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 in the previous year, the firm earned $1.05 earnings per share. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities research analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be issued a $0.6232 dividend. 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 (DPR) is 55.96%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Bank of America cut their price objective on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a research note on Monday, July 13th. BMO Capital Markets increased their target price on shares of NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Morgan Stanley set a $114.00 target price on shares of NextEra Energy and gave the stock an “overweight” rating in a research report on Friday, August 21st. Finally, DA Davidson boosted their price target on shares of NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Seventeen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average 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.