Cornerstone Enterprises LLC bought a new position of 9,762 shares in NextEra Energy, Inc. (NYSE:NEE) in the third quarter, valued at about $739,000 according to its SEC filing. Institutional investors and hedge funds hold 78.72% of the stock, and several other funds also changed their stakes. Recent news includes a Wells Fargo upgrade to “strong buy”, a roughly $100 billion Kentucky AI hub with Brookfield, and a proposed shareholder litigation settlement in which insurers would pay $15.5 million. Uncertainty remains over NextEra's proposed $67 billion acquisition, and KeyCorp cut its 2026 EPS forecast to $3.96 from $4.02. MarketBeat data shows an average rating of “Moderate Buy” with a $99.65 average target, and the stock opened at $79.02 on Friday.
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Over the six months to October 15, NextEra Energy and Duke Energy returned -13.29% and -6.77%, respectively. Both utilities stand to benefit from rising electricity demand, including from data centers, but the article says NextEra has more growth avenues through renewables, battery storage and Florida Power & Light (FPL), where large-load demand expectations rose from 6 GW to 8 GW by 2032 and its renewable and storage backlog reached about 35.1 GW. Duke has secured 7.8 GW of electric service agreements with data center customers and reaffirmed annual EPS growth of 5% to 7% through 2030, with second-quarter adjusted EPS rising to $1.43 from $1.25. Both companies face heavy capital spending and risks from interest rates, project delays and regulatory decisions. NextEra trades at 17.31x trailing and 17.73x forward earnings, while Duke trades at 17.19x and 15.95x.
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