Illinois Municipal Retirement Fund Increases Holdings in NextEra Energy, Inc. $NEE

Illinois Municipal Retirement Fund grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 84.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 25,174 shares of the utilities provider’s stock after acquiring an additional 11,554 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in NextEra Energy were worth $2,338,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NEE. Indivisible Partners acquired a new position in NextEra Energy during the fourth quarter worth approximately $1,355,000. Carnegie Investment Counsel boosted its holdings in shares of NextEra Energy by 9.4% in the 4th quarter. Carnegie Investment Counsel now owns 458,141 shares of the utilities provider’s stock valued at $36,780,000 after purchasing an additional 39,250 shares during the last quarter. Swedbank AB boosted its holdings in shares of NextEra Energy by 13.4% in 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. Fisher Funds Management LTD grew its stake in shares of NextEra Energy by 3.5% during the 4th quarter. Fisher Funds Management LTD now owns 619,640 shares of the utilities provider’s stock valued at $49,884,000 after buying an additional 20,709 shares during the period. Finally, MGO One Seven LLC grew its stake in shares of NextEra Energy by 12.1% during the 4th quarter. MGO One Seven LLC now owns 137,251 shares of the utilities provider’s stock valued at $11,018,000 after buying an additional 14,828 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research analyst reports. Scotiabank upped their price objective on NextEra Energy from $102.00 to $110.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Bank of America lowered their price target on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a research report on Monday, July 13th. Mizuho upped their price target on NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. 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. Finally, JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.32.

NextEra Energy Price Performance

NEE opened at $88.00 on Tuesday. The company has a fifty day simple moving average of $87.80 and a 200 day simple moving average of $89.29. The firm has a market cap of $183.51 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 2.43 and a beta of 0.67. NextEra Energy, Inc. has a twelve month low of $69.24 and a twelve month high of $98.75. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.43 billion. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Equities research analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were issued a dividend of $0.6232 per share. The ex-dividend date was Friday, June 5th. This represents a $2.49 annualized dividend and a yield of 2.8%. NextEra Energy’s payout ratio is currently 63.36%.

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.