Assetmark Inc. grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 9.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 213,170 shares of the utilities provider's stock after purchasing an additional 19,089 shares during the quarter. Assetmark Inc.'s holdings in NextEra Energy were worth $18,710,000 as of its most recent SEC filing.

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A number of other institutional investors and hedge funds have also made changes to their positions in NEE. Norges Bank bought a new position in shares of NextEra Energy during the fourth quarter worth about $2,816,327,000. Employees Provident Fund Board acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $240,840,000. Pictet Asset Management Holding SA raised its holdings in shares of NextEra Energy by 47.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider's stock valued at $742,913,000 after buying an additional 2,972,924 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of NextEra Energy by 1.0% during the fourth 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 last quarter. Finally, Amundi boosted its position in shares of NextEra Energy by 16.7% during the third quarter. Amundi now owns 12,461,783 shares of the utilities provider's stock worth $1,012,129,000 after buying an additional 1,780,881 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NEE shares. Wells Fargo & Company set a $102.00 price objective on NextEra Energy and gave the stock an "overweight" rating in a report on Friday, April 24th. Morgan Stanley reaffirmed an "overweight" rating and set a $116.00 target price on shares of NextEra Energy in a research note on Wednesday, July 22nd. TD Cowen boosted their price target on NextEra Energy from $99.00 to $101.00 and gave the stock a "buy" rating in a research report on Monday, April 27th. 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 note on Wednesday, May 13th. Finally, DA Davidson raised 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. Seventeen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.43.

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View Our Latest Research Report on NextEra Energy

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $84.97 on Friday. The stock has a market cap of $177.23 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.35 and a beta of 0.67. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. NextEra Energy, Inc. has a 12 month low of $69.24 and a 12 month high of $98.75. The stock's 50 day moving average price is $87.27 and its 200 day moving average price is $89.92.

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NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.04. The firm had revenue of $7.53 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The firm's quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the company posted $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities research analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

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 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy's dividend payout ratio is presently 55.96%.

NextEra Energy Profile

(Free Report)

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.

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