Madison Asset Management LLC Purchases New Holdings in NextEra Energy, Inc. $NEE

Madison Asset Management LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 724,014 shares of the utilities provider’s stock, valued at approximately $63,547,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new stake in NextEra Energy during the fourth quarter worth about $25,000. Anfield Capital Management LLC boosted its stake in NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 270 shares during the last quarter. Wealth Watch Advisors INC grew its position in shares of NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 226 shares during the period. Osbon Capital Management LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at approximately $27,000. Finally, Strive Asset Management LLC purchased a new stake in shares of NextEra Energy during the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 2.1%

NEE stock opened at $81.74 on Friday. The stock has a 50-day simple moving average of $86.95 and a two-hundred day simple moving average of $89.70. NextEra Energy, Inc. has a twelve month low of $69.24 and a twelve month high of $98.75. The firm has a market capitalization of $170.49 billion, a PE ratio of 18.37, a PEG ratio of 2.28 and a beta of 0.67. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45.

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, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, equities analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company 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 yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 55.96%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Erste Group Bank cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. DA Davidson raised their target price on NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Weiss Ratings lowered NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. HC Wainwright reaffirmed a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. Finally, Wall Street Zen downgraded NextEra Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 22nd. Seventeen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average price target of $100.33.

NextEra Energy 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.