NextEra Energy (NYSE:NEE) Trading Down 2.1% – What’s Next?
by Tristan Rich · The Markets DailyNextEra Energy, Inc. (NYSE:NEE – Get Free Report) dropped 2.1% during trading on Monday . The company traded as low as $83.98 and last traded at $84.0460. Approximately 9,535,615 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 10,282,470 shares. The stock had previously closed at $85.84.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company set a $102.00 price target on NextEra Energy and gave the stock an “overweight” rating in a research note on Friday, April 24th. Jefferies Financial Group raised their price objective on shares of NextEra Energy from $92.00 to $93.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. UBS Group lifted their target price on shares of NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Morgan Stanley set a $111.00 price target on shares of NextEra Energy in a research note on Thursday, May 21st. Finally, Evercore reaffirmed an “outperform” rating and issued a $107.00 price objective on shares of NextEra Energy in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $99.20.
Read Our Latest Research Report on NextEra Energy
NextEra Energy Price Performance
The stock has a fifty day simple moving average of $91.66 and a 200-day simple moving average of $88.24. The stock has a market cap of $175.26 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 2.52 and a beta of 0.68. 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 – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.06. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.43 billion. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, equities research analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current year.
NextEra Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be given 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, June 5th. NextEra Energy’s dividend payout ratio (DPR) is 63.36%.
Insider Activity at NextEra Energy
In other news, EVP Nicole J. Daggs sold 4,934 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $93.00, for a total transaction of $458,862.00. Following the completion of the transaction, the executive vice president directly owned 16,905 shares of the company’s stock, valued at approximately $1,572,165. This trade represents a 22.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.
Institutional Trading of NextEra Energy
Several institutional investors have recently bought and sold shares of NEE. Laurel Wealth Advisors LLC acquired a new position in NextEra Energy in the fourth quarter valued at about $25,000. Anfield Capital Management LLC increased its stake in shares of NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after buying an additional 270 shares during the period. Wealth Watch Advisors INC raised its holdings in 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 during the last quarter. Osbon Capital Management LLC bought a new stake in shares of NextEra Energy during the fourth quarter worth approximately $27,000. Finally, Strive Asset Management LLC acquired a new position in shares of NextEra Energy in the 3rd quarter valued at $29,000. Institutional investors and hedge funds own 78.72% of the company’s stock.
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.