Sumitomo Mitsui Trust Group Inc. Has $407.67 Million Holdings in NextEra Energy, Inc. $NEE

Sumitomo Mitsui Trust Group Inc. lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 1.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,644,707 shares of the utilities provider’s stock after acquiring an additional 67,620 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in NextEra Energy were worth $407,666,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

NEE has been the topic of several research reports. Evercore reaffirmed an “outperform” rating and issued a $107.00 target price on shares of NextEra Energy in a research report on Monday, May 4th. Morgan Stanley reiterated an “overweight” rating and set a $116.00 price objective on shares of NextEra Energy in a research report on Wednesday, July 22nd. Mizuho set a $95.00 target price on shares of NextEra Energy in a research report on Monday, July 27th. Barclays set a $91.00 price target on shares of NextEra Energy and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Finally, HC Wainwright reaffirmed a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. Seventeen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.43.

NextEra Energy Stock Down 1.1%

NYSE NEE opened at $84.97 on Friday. The business has a fifty day moving average price of $87.27 and a two-hundred day moving average price of $89.92. The stock has a market capitalization of $177.23 billion, a PE ratio of 19.09, a PEG ratio of 2.35 and a beta of 0.67. NextEra Energy, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $98.75. 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 quarterly 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. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The company had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter last year, the company posted $1.05 EPS. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be given a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, August 28th. NextEra Energy’s dividend payout ratio is currently 55.96%.

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.