NextEra Energy (NYSE:NEE) Stock Price Down 2.1% – Here’s Why

NextEra Energy, Inc. (NYSE:NEE) shares dropped 2.1% during mid-day trading on Friday . The company traded as low as $81.33 and last traded at $81.74. Approximately 13,948,403 shares changed hands during mid-day trading, an increase of 33% from the average session volume of 10,518,815 shares. The stock had previously closed at $83.47.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NEE shares. Wall Street Zen downgraded shares of NextEra Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 22nd. Weiss Ratings cut shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Jefferies Financial Group set a $94.00 price objective on NextEra Energy in a report on Tuesday, July 14th. HC Wainwright reaffirmed a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Finally, Barclays set a $91.00 price target on NextEra Energy and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $100.33.

NextEra Energy Price Performance

The firm has a market capitalization of $170.49 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 2.30 and a beta of 0.67. The company’s 50 day moving average is $87.05 and its 200-day moving average is $89.75. 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 earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. The firm had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The company’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities research analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

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

Institutional Investors Weigh In On NextEra Energy

Several hedge funds have recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC bought a new position in shares of NextEra Energy during the fourth quarter valued at $25,000. Anfield Capital Management LLC increased 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 purchasing 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. Manning & Napier Advisors LLC bought a new position in NextEra Energy during the 2nd quarter worth $26,000. Finally, Pin Oak Investment Advisors Inc. acquired a new position in NextEra Energy during the 2nd quarter worth about $26,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

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.