Principal Financial Group Inc. Cuts Stock Position in NextEra Energy, Inc. $NEE

Principal Financial Group Inc. trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,324,709 shares of the utilities provider’s stock after selling 285,052 shares during the period. Principal Financial Group Inc.’s holdings in NextEra Energy were worth $379,580,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Indivisible Partners purchased a new position in NextEra Energy in the fourth quarter worth $1,355,000. Czech National Bank lifted its holdings in shares of NextEra Energy by 4.7% during the 2nd quarter. Czech National Bank now owns 593,568 shares of the utilities provider’s stock valued at $52,097,000 after purchasing an additional 26,378 shares during the last quarter. Swedbank AB lifted its holdings in shares of NextEra Energy by 13.4% during the 4th quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider’s stock valued at $81,615,000 after purchasing an additional 120,389 shares during the last quarter. Annex Advisory Services LLC lifted its holdings in shares of NextEra Energy by 13.9% during the 2nd quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider’s stock valued at $62,405,000 after purchasing an additional 86,585 shares during the last quarter. Finally, MGO One Seven LLC boosted its position in shares of NextEra Energy by 12.1% in the 4th quarter. MGO One Seven LLC now owns 137,251 shares of the utilities provider’s stock worth $11,018,000 after purchasing an additional 14,828 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NEE opened at $83.71 on Monday. The firm has a market capitalization of $174.60 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 2.29 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 1-year low of $69.24 and a 1-year high of $98.75. The company’s fifty day moving average price is $87.22 and its 200-day moving average price is $89.90.

NextEra Energy (NYSE:NEE) last released its earnings results 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 firm had revenue of $7.53 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The firm’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed 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 of this dividend 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 is currently 55.96%.

Wall Street Analyst Weigh In

NEE has been the topic of several research analyst reports. Sanford C. Bernstein restated an “outperform” rating and set a $108.00 target price on shares of NextEra Energy in a research note on Monday, July 27th. Morgan Stanley set a $114.00 price target on NextEra Energy and gave the company an “overweight” rating in a research note on Friday. Evercore reissued an “outperform” rating and issued a $107.00 price target on shares of NextEra Energy in a report on Monday, May 4th. Weiss Ratings lowered NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, HSBC upped their price objective on shares of NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.