Tocqueville Asset Management L.P. Purchases New Holdings in NextEra Energy, Inc. $NEE

Tocqueville Asset Management L.P. acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,132,735 shares of the utilities provider’s stock, valued at approximately $99,420,000. NextEra Energy makes up 1.3% of Tocqueville Asset Management L.P.’s holdings, making the stock its 12th biggest holding. Tocqueville Asset Management L.P. owned approximately 0.05% of NextEra Energy as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new stake in NextEra Energy during the 4th quarter worth about $25,000. Anfield Capital Management LLC boosted its stake in shares of NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after purchasing 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 worth $26,000 after buying an additional 226 shares during the period. Osbon Capital Management LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth approximately $27,000. Finally, Strive Asset Management LLC bought a new stake in shares of NextEra Energy during the third quarter worth approximately $29,000. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NEE. BMO Capital Markets increased their price objective on shares of NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Erste Group Bank cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Weiss Ratings downgraded NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Bank of America reduced their price target on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a research report on Monday, July 13th. Finally, Mizuho set a $95.00 price objective on NextEra Energy in a research note on Monday, July 27th. Seventeen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $100.33.

NextEra Energy Stock Down 2.1%

NextEra Energy stock opened at $81.74 on Friday. The company’s 50 day simple moving average is $86.95 and its 200 day simple moving average is $89.70. NextEra Energy, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $98.75. The firm has a market capitalization of $170.49 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.28 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 (NYSE:NEE) last issued its earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.11 by $0.04. The firm had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.6232 per share. The ex-dividend date is Friday, August 28th. This represents a $2.49 annualized dividend and a yield of 3.0%. NextEra Energy’s payout ratio 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.