Somerville Kurt F Takes Position in NextEra Energy, Inc. $NEE

Somerville Kurt F acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,437 shares of the utilities provider’s stock, valued at approximately $4,427,000. NextEra Energy accounts for about 1.1% of Somerville Kurt F’s investment portfolio, making the stock its 29th biggest holding.

Several other hedge funds also recently made changes to their positions in the company. Indivisible Partners bought a new stake in shares of NextEra Energy in the 4th quarter valued at about $1,355,000. Czech National Bank increased its stake in NextEra Energy by 4.7% in the 2nd quarter. Czech National Bank now owns 593,568 shares of the utilities provider’s stock worth $52,097,000 after purchasing an additional 26,378 shares during the period. Swedbank AB increased its stake in NextEra Energy by 13.4% in the 4th quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider’s stock worth $81,615,000 after purchasing an additional 120,389 shares during the period. Annex Advisory Services LLC lifted its position in NextEra Energy by 13.9% in the second quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider’s stock valued at $62,405,000 after purchasing an additional 86,585 shares during the last quarter. Finally, MGO One Seven LLC lifted its position in NextEra Energy by 12.1% in the fourth quarter. MGO One Seven LLC now owns 137,251 shares of the utilities provider’s stock valued at $11,018,000 after purchasing an additional 14,828 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Mizuho set a $95.00 target price on shares of NextEra Energy in a report on Monday, July 27th. 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. DA Davidson raised their price target on shares of NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. BMO Capital Markets boosted their price objective 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. Finally, Wall Street Zen lowered shares of NextEra Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 22nd. 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $100.33.

NextEra Energy Stock Down 2.1%

Shares of NYSE NEE opened at $81.74 on Friday. The firm has a fifty day simple moving average of $86.95 and a two-hundred day simple moving average of $89.70. NextEra Energy, Inc. has a 12 month low of $69.24 and a 12 month high of $98.75. 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 firm has a market capitalization 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.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $8.11 billion. During the same quarter in the previous year, the company earned $1.05 earnings per share. NextEra Energy’s quarterly revenue 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 analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared 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. This represents a $2.49 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s dividend payout ratio is presently 55.96%.

About NextEra Energy

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.