Resona Asset Management Co. Ltd. Cuts Stock Position in NextEra Energy, Inc. $NEE

Resona Asset Management Co. Ltd. lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 6.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 608,795 shares of the utilities provider’s stock after selling 42,840 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in NextEra Energy were worth $53,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of NextEra Energy by 101.6% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 13,825 shares of the utilities provider’s stock worth $1,213,000 after purchasing an additional 6,966 shares during the period. Oregon Public Employees Retirement Fund grew its position in NextEra Energy by 7.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 256,424 shares of the utilities provider’s stock valued at $22,506,000 after buying an additional 17,919 shares during the period. Duncker Streett & Co. Inc. grew its position in NextEra Energy by 2.1% during the second quarter. Duncker Streett & Co. Inc. now owns 9,216 shares of the utilities provider’s stock valued at $809,000 after buying an additional 190 shares during the period. Avantax Planning Partners Inc. increased its holdings in NextEra Energy by 2.7% during the second quarter. Avantax Planning Partners Inc. now owns 18,988 shares of the utilities provider’s stock worth $1,667,000 after buying an additional 491 shares during the last quarter. Finally, Richard C. Young & CO. LTD. increased its holdings in NextEra Energy by 1.4% during the second quarter. Richard C. Young & CO. LTD. now owns 109,981 shares of the utilities provider’s stock worth $9,653,000 after buying an additional 1,551 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NEE has been the topic of several research analyst reports. BTIG Research reiterated a “buy” rating and issued a $112.00 price objective on shares of NextEra Energy in a research note on Friday, April 24th. Scotiabank upped their price target on NextEra Energy from $102.00 to $110.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Mizuho set a $95.00 price objective on shares of NextEra Energy in a report on Monday, July 27th. HC Wainwright reaffirmed a “buy” rating on shares of NextEra Energy in a report on Monday, July 27th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $108.00 price objective on shares of NextEra Energy in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $99.36.

NextEra Energy Trading Up 0.1%

Shares of NEE stock opened at $86.29 on Wednesday. The business has a 50-day moving average price of $87.25 and a two-hundred day moving average price of $89.96. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. The firm has a market cap of $179.98 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 2.36 and a beta of 0.67.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.11 by $0.04. The firm had revenue of $7.53 billion for 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 company’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced 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 dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s 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.