Palisade Capital Management LP Buys Shares of 127,170 NextEra Energy, Inc. $NEE

Palisade Capital Management LP purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 127,170 shares of the utilities provider’s stock, valued at approximately $11,162,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new stake in shares of NextEra Energy in the 2nd quarter valued at $389,527,000. Castleark Management LLC acquired a new stake in shares of NextEra Energy during the second quarter worth $584,000. Galaxy Digital Capital Management GP LLC bought a new position in NextEra Energy during the second quarter worth $636,000. Kinloch Capital LLC acquired a new position in NextEra Energy in the second quarter valued at $4,493,000. Finally, Royal Capital Wealth Management LLC acquired a new position in NextEra Energy in the second quarter valued at $991,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on NEE shares. Jefferies Financial Group set a $94.00 price target on NextEra Energy in a report on Tuesday, July 14th. Morgan Stanley set a $114.00 price objective on NextEra Energy and gave the company an “overweight” rating in a research note on Friday, August 21st. Weiss Ratings lowered NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. BMO Capital Markets raised their target price on NextEra Energy from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Finally, DA Davidson lifted their target price on NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Seventeen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $100.33.

NextEra Energy Stock Up 0.8%

Shares of NYSE NEE opened at $82.46 on Tuesday. 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 $172.00 billion, a PE ratio of 18.53, a P/E/G ratio of 2.24 and a beta of 0.67. The company’s fifty day simple moving average is $86.88 and its 200 day simple moving average is $89.64. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share 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 firm had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. The business’s revenue was up 12.4% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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 given a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s payout ratio is presently 55.96%.

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.