KBC Group NV Raises Stock Position in NextEra Energy, Inc. $NEE

KBC Group NV increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.7% during the second quarter, HoldingsChannel.com reports. The fund owned 199,384 shares of the utilities provider’s stock after acquiring an additional 8,903 shares during the period. KBC Group NV’s holdings in NextEra Energy were worth $17,500,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of NextEra Energy by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider’s stock worth $3,781,790,000 after purchasing an additional 966,152 shares during the period. Norges Bank purchased a new position in NextEra Energy during the fourth quarter worth about $2,816,327,000. Price T Rowe Associates Inc. MD increased its stake in NextEra Energy by 6.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider’s stock worth $1,474,407,000 after acquiring an additional 1,136,074 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of NextEra Energy by 2.9% in the 4th quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider’s stock valued at $1,387,347,000 after acquiring an additional 485,854 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of NextEra Energy by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,220,630 shares of the utilities provider’s stock valued at $1,382,473,000 after acquiring an additional 253,273 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on NEE shares. Bank of America decreased their price objective on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a research report on Monday, July 13th. Morgan Stanley set a $114.00 price objective on shares of NextEra Energy and gave the company an “overweight” rating in a research report on Friday. Jefferies Financial Group set a $94.00 price objective on shares of NextEra Energy in a report on Tuesday, July 14th. TD Cowen increased their target price on NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Finally, DA Davidson lifted their price target on 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 assigned a Hold rating to the company. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $100.33.

NextEra Energy Trading Up 0.5%

Shares of NEE opened at $84.10 on Tuesday. The firm has a market cap of $175.41 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 2.29 and a beta of 0.67. 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 50 day moving average price of $87.18 and a 200-day moving average price of $89.87.

NextEra Energy (NYSE:NEE) last released its earnings results 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 company had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be paid 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 55.96%.

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.