Great Lakes Advisors LLC Invests $62.78 Million in NextEra Energy, Inc. $NEE

Great Lakes Advisors LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 715,249 shares of the utilities provider’s stock, valued at approximately $62,778,000.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of NextEra Energy during the 4th quarter worth about $2,816,327,000. Employees Provident Fund Board bought a new position in NextEra Energy during the fourth quarter valued at about $240,840,000. Amundi lifted its position in shares of NextEra Energy by 16.7% in the 3rd quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock worth $1,012,129,000 after acquiring an additional 1,780,881 shares during the period. Danske Bank A S bought a new stake in shares of NextEra Energy during the second quarter valued at approximately $136,255,000. Finally, Caisse de depot et placement du Quebec lifted its position in NextEra Energy by 64.4% in the fourth quarter. Caisse de depot et placement du Quebec now owns 3,715,931 shares of the utilities provider’s stock worth $298,315,000 after purchasing an additional 1,456,185 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NEE. Evercore restated an “outperform” rating and issued a $107.00 price objective on shares of NextEra Energy in a research note on Monday, May 4th. HC Wainwright reissued a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. Bank of America decreased their price objective on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Mizuho set a $95.00 target price on NextEra Energy in a report on Monday, July 27th. Finally, Barclays set a $91.00 target price on NextEra Energy and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Seventeen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $100.33.

NextEra Energy Stock Down 0.8%

Shares of NEE opened at $83.51 on Friday. The company has a market capitalization of $174.18 billion, a P/E ratio of 18.77, a PEG ratio of 2.30 and a beta of 0.67. NextEra Energy, Inc. has a one year low of $69.24 and a one year high of $98.75. The business’s 50 day simple moving average is $87.05 and its 200-day simple moving average is $89.75. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data 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. The firm had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared 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%.

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.