Northwestern Mutual Wealth Management Co. Buys Shares of 391,163 NextEra Energy, Inc. $NEE

Northwestern Mutual Wealth Management Co. purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 391,163 shares of the utilities provider’s stock, valued at approximately $34,332,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Academy Capital Management purchased a new position in NextEra Energy in the 2nd quarter valued at approximately $616,000. Quantbot Technologies LP purchased a new stake in NextEra Energy during the second quarter worth $5,337,000. Evolve Private Wealth LLC acquired a new stake in NextEra Energy in the second quarter valued at $746,000. WealthShield Partners LLC purchased a new position in shares of NextEra Energy in the second quarter valued at $1,976,000. Finally, Madison Wealth Partners Inc acquired a new position in shares of NextEra Energy during the 2nd quarter worth $503,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Down 0.1%

Shares of NEE stock opened at $81.74 on Monday. The firm has a 50-day moving average price of $86.95 and a 200 day moving average price of $89.70. NextEra Energy, Inc. has a twelve month low of $69.24 and a twelve month high of $98.75. The company has a market capitalization of $170.49 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.24 and a beta of 0.67. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.04. The company had revenue of $7.53 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the company earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Research analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal 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. The ex-dividend date is Friday, August 28th. This represents a $2.49 annualized dividend and a yield of 3.0%. NextEra Energy’s payout ratio is 55.96%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NEE shares. Evercore restated an “outperform” rating and set a $107.00 target price on shares of NextEra Energy in a report on Monday, May 4th. Mizuho set a $95.00 price target on shares of NextEra Energy in a report on Monday, July 27th. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Wall Street Zen downgraded NextEra Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Finally, Jefferies Financial Group set a $94.00 target price on NextEra Energy in a research note on Tuesday, July 14th. Seventeen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $100.33.

NextEra Energy Company 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.