L2 Asset Management LLC Invests $1.06 Million in NextEra Energy, Inc. $NEE

L2 Asset Management LLC bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 12,064 shares of the utilities provider’s stock, valued at approximately $1,059,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vega Investment Solutions purchased a new stake in NextEra Energy during the 2nd quarter worth about $1,054,000. McDonough Capital Management Inc purchased a new position in shares of NextEra Energy during the second quarter valued at approximately $1,869,000. Cetera Trust Company N.A purchased a new stake in NextEra Energy in the 2nd quarter worth approximately $1,586,000. Aberdeen Wealth Management LLC acquired a new position in NextEra Energy in the 2nd quarter valued at $35,000. Finally, Visionary Wealth Advisors acquired a new position in NextEra Energy in the 2nd quarter valued at $9,965,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NEE has been the topic of several recent analyst reports. Bank of America reduced their target price 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. Evercore reaffirmed an “outperform” rating and set a $107.00 price target on shares of NextEra Energy in a research report on Monday, May 4th. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Finally, HC Wainwright restated a “buy” rating on shares of NextEra Energy in a report on Monday, July 27th. Seventeen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $100.33.

NextEra Energy Price Performance

Shares of NEE stock opened at $82.46 on Tuesday. The firm has a fifty day moving average of $86.88 and a two-hundred day moving average of $89.64. The firm has a market cap of $172.00 billion, a P/E ratio of 18.53, a P/E/G ratio of 2.24 and a beta of 0.67. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year 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 announced its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share 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 firm had revenue of $7.53 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same period in the previous year, the company earned $1.05 earnings per share. NextEra Energy’s quarterly revenue was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, research analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

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

About NextEra Energy

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.