Great Lakes Advisors LLC Makes New $62.78 Million Investment in NextEra Energy, Inc. $NEE

Great Lakes Advisors LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 715,249 shares of the utilities provider’s stock, valued at approximately $62,778,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of NextEra Energy during the second quarter valued at $73,107,000. Danske Bank A S acquired a new stake in NextEra Energy in the second quarter worth about $136,255,000. Diversify Advisory Services LLC bought a new stake in NextEra Energy during the 2nd quarter worth about $8,534,000. Gables Capital Management Inc. acquired a new position in NextEra Energy during the 2nd quarter valued at about $205,000. Finally, Main Street Financial Solutions LLC lifted its position in NextEra Energy by 73.5% during the 2nd quarter. Main Street Financial Solutions LLC now owns 14,602 shares of the utilities provider’s stock valued at $1,282,000 after purchasing an additional 6,188 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.8%

Shares of NYSE:NEE opened at $83.51 on Friday. The company has a 50 day moving average price of $87.05 and a two-hundred day moving average price of $89.75. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. The company has a market capitalization of $174.18 billion, a PE ratio of 18.77, a PEG ratio of 2.30 and a beta of 0.67. NextEra Energy, Inc. has a 52 week low of $69.24 and a 52 week high of $98.75.

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 during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the previous year, the business earned $1.05 EPS. The firm’s 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. Analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Evercore reiterated an “outperform” rating and set a $107.00 price target on shares of NextEra Energy in a research report on Monday, May 4th. BMO Capital Markets lifted their target price on shares of NextEra Energy from $94.00 to $96.00 and gave the stock 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 company an “overweight” rating in a research report on Friday, August 21st. HC Wainwright reissued a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Finally, Wall Street Zen lowered NextEra Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Seventeen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $100.33.

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.