California State Teachers Retirement System Purchases 219,529,415 Shares of NextEra Energy, Inc. $NEE

by · The Cerbat Gem

California State Teachers Retirement System raised its position in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 8,297.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 222,175,185 shares of the utilities provider’s stock after acquiring an additional 219,529,415 shares during the quarter. California State Teachers Retirement System owned approximately 0.11% of NextEra Energy worth $19,500,316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NEE. Geode Capital Management LLC grew its holdings in NextEra Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider’s stock worth $3,781,790,000 after purchasing an additional 966,152 shares during the period. Norges Bank bought a new stake in NextEra Energy in the fourth quarter valued at approximately $2,816,327,000. Price T Rowe Associates Inc. MD raised its stake in NextEra Energy by 6.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider’s stock valued at $1,474,407,000 after buying an additional 1,136,074 shares during the period. Deutsche Bank AG lifted its position in shares of NextEra Energy by 2.9% in the fourth quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider’s stock valued at $1,387,347,000 after buying an additional 485,854 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of NextEra Energy by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 17,220,630 shares of the utilities provider’s stock valued at $1,382,473,000 after buying an additional 253,273 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NEE. Bank of America decreased their target price on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Morgan Stanley set a $114.00 price target on NextEra Energy and gave the company an “overweight” rating in a report on Friday, August 21st. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $108.00 price objective on shares of NextEra Energy in a research report on Monday, July 27th. Erste Group Bank downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Barclays set a $91.00 price objective on shares of NextEra Energy and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Seventeen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $100.33.

Read Our Latest Research Report on NextEra Energy

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $83.33 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $173.81 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 2.58 and a beta of 0.65. NextEra Energy, Inc. has a twelve month low of $69.24 and a twelve month high of $98.75. The company has a 50-day simple moving average of $86.44 and a two-hundred day simple moving average of $89.31.

NextEra Energy (NYSE:NEE – Get Free Report) last announced its 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 analyst estimates of $8.11 billion. During the same quarter in the prior year, the business posted $1.05 EPS. The business’s revenue 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. Analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. NextEra Energy’s dividend payout ratio is currently 55.96%.

About NextEra Energy

(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.

Further Reading

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