Shelter Mutual Insurance Co Acquires Shares of 82,520 NextEra Energy, Inc. $NEE

Shelter Mutual Insurance Co bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 82,520 shares of the utilities provider’s stock, valued at approximately $7,243,000. NextEra Energy makes up 1.5% of Shelter Mutual Insurance Co’s holdings, making the stock its 25th largest position.

Several other hedge funds have also modified their holdings of the business. Laurel Wealth Advisors LLC acquired a new position in NextEra Energy during the fourth quarter worth $25,000. Anfield Capital Management LLC lifted its holdings in NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 270 shares during the period. Kilter Group LLC acquired a new stake in NextEra Energy in the second quarter valued at $25,000. Wealth Watch Advisors INC boosted 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 purchasing an additional 226 shares in the last quarter. Finally, Osbon Capital Management LLC purchased a new stake in shares of NextEra Energy during the 4th quarter worth $27,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Down 2.1%

NextEra Energy stock opened at $81.74 on Friday. The stock has a 50-day moving average price of $86.95 and a 200 day moving average price of $89.70. NextEra Energy, Inc. has a 52 week low of $69.24 and a 52 week high of $98.75. The stock has a market cap of $170.49 billion, a PE ratio of 18.37, a P/E/G ratio of 2.24 and a beta of 0.67. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.04. The company had revenue of $7.53 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the company earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities research analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be paid a $0.6232 dividend. This represents a $2.49 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s payout ratio is presently 55.96%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NEE shares. Bank of America cut their price target on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a report on Monday, July 13th. Jefferies Financial Group set a $94.00 price objective on shares of NextEra Energy in a report on Tuesday, July 14th. Morgan Stanley set a $114.00 target price on shares of NextEra Energy and gave the stock an “overweight” rating in a research report on Friday, August 21st. Wall Street Zen cut NextEra Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 22nd. Finally, BMO Capital Markets raised their price objective on NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Seventeen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.