NextEra Energy (NYSE:NEE) Shares Down 1.1% – Here’s Why

NextEra Energy, Inc. (NYSE:NEE)’s share price dropped 1.1% during mid-day trading on Thursday . The company traded as low as $84.60 and last traded at $84.97. Approximately 10,431,824 shares were traded during trading, a decline of 1% from the average daily volume of 10,534,644 shares. The stock had previously closed at $85.91.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NEE. Weiss Ratings lowered NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. DA Davidson lifted their target price on NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Evercore reissued an “outperform” rating and issued a $107.00 price target on shares of NextEra Energy in a research report on Monday, May 4th. HC Wainwright restated a “buy” rating on shares of NextEra Energy in a report on Monday, July 27th. Finally, BTIG Research reiterated a “buy” rating and issued a $112.00 price objective on shares of NextEra Energy in a research note on Friday, April 24th. Seventeen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $100.33.

NextEra Energy Stock Down 1.6%

The business’s fifty day moving average price is $87.22 and its 200 day moving average price is $89.88. The company has a market capitalization of $174.60 billion, a P/E ratio of 18.81, a P/E/G ratio of 2.33 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 issued its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The business had revenue of $7.53 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, equities research analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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

Hedge Funds Weigh In On NextEra Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Investor s Fiduciary Advisor Network LLC increased its position in shares of NextEra Energy by 12.0% in the 2nd quarter. Investor s Fiduciary Advisor Network LLC now owns 2,749 shares of the utilities provider’s stock valued at $241,000 after buying an additional 295 shares in the last quarter. Tudor Financial Inc. lifted its holdings in NextEra Energy by 295.0% during the second quarter. Tudor Financial Inc. now owns 8,438 shares of the utilities provider’s stock worth $741,000 after acquiring an additional 6,302 shares in the last quarter. LifePlan Investment Advisors Inc. lifted its holdings in NextEra Energy by 1.0% during the second quarter. LifePlan Investment Advisors Inc. now owns 11,969 shares of the utilities provider’s stock worth $1,051,000 after acquiring an additional 121 shares in the last quarter. NWF Advisory Services Inc. grew its stake in NextEra Energy by 4.3% in the second quarter. NWF Advisory Services Inc. now owns 7,665 shares of the utilities provider’s stock valued at $673,000 after acquiring an additional 315 shares during the period. Finally, Wheelhouse Advisory Group LLC grew its stake in NextEra Energy by 7.2% in the second quarter. Wheelhouse Advisory Group LLC now owns 2,965 shares of the utilities provider’s stock valued at $260,000 after acquiring an additional 200 shares during the period. 78.72% of the stock is owned by institutional investors.

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.