Principal Financial Group Inc. Lowers Stake in NextEra Energy, Inc. $NEE

Principal Financial Group Inc. cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 6.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,324,709 shares of the utilities provider’s stock after selling 285,052 shares during the period. Principal Financial Group Inc. owned about 0.21% of NextEra Energy worth $379,580,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in NextEra Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock valued at $17,343,185,000 after buying an additional 2,234,176 shares during the period. Geode Capital Management LLC increased its position in shares of NextEra Energy by 2.1% during 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 acquiring an additional 966,152 shares during the period. Norges Bank purchased a new position in shares of NextEra Energy during the fourth quarter worth approximately $2,816,327,000. Price T Rowe Associates Inc. MD raised its stake in shares of NextEra Energy by 6.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider’s stock valued at $1,474,407,000 after acquiring an additional 1,136,074 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of NextEra Energy by 2.9% during the fourth 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. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on NEE. DA Davidson boosted their price target on NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Morgan Stanley set a $114.00 target price on NextEra Energy and gave the company an “overweight” rating in a research report on Friday. Wall Street Zen cut NextEra Energy from a “sell” rating to a “strong sell” rating in a report on Saturday. HC Wainwright reiterated a “buy” rating on shares of NextEra Energy in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. increased their price target on NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Seventeen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $100.33.

NextEra Energy Price Performance

Shares of NEE opened at $83.71 on Monday. 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 50 day moving average price of $87.22 and a 200-day moving average price of $89.90. NextEra Energy, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $98.75. The stock has a market capitalization of $174.60 billion, a PE ratio of 18.81, a PEG ratio of 2.29 and a beta of 0.67.

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 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%. NextEra Energy’s revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company posted $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.0%. NextEra Energy’s dividend payout ratio (DPR) is currently 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.