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

NextEra Energy, Inc. (NYSE:NEE)’s share price was down 1.1% during trading on Tuesday . The stock traded as low as $87.43 and last traded at $87.7240. Approximately 13,364,899 shares were traded during trading, an increase of 27% from the average daily volume of 10,504,723 shares. The stock had previously closed at $88.66.

Wall Street Analyst Weigh In

NEE has been the subject of a number of research reports. Wells Fargo & Company set a $102.00 price objective on shares of NextEra Energy and gave the stock an “overweight” rating in a research note on Friday, April 24th. Mizuho raised their target price on shares of NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Sanford C. Bernstein set a $107.00 price target on shares of NextEra Energy and gave the company an “outperform” rating in a report on Tuesday, June 16th. Barclays set a $90.00 price objective on shares of NextEra Energy and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Finally, BMO Capital Markets cut their price objective on shares of NextEra Energy from $104.00 to $102.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.86.

NextEra Energy Stock Down 1.1%

The company’s fifty day simple moving average is $89.62 and its 200-day simple moving average is $88.50. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44. The firm has a market capitalization of $182.93 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 2.60 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.03 by $0.06. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.43 billion. During the same quarter in the prior year, the business posted $0.99 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were paid a dividend of $0.6232 per share. The ex-dividend date was Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy’s payout ratio is presently 63.36%.

Hedge Funds Weigh In On NextEra Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Anfield Capital Management LLC lifted its position in NextEra Energy by 692.3% during the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 270 shares during the period. Laurel Wealth Advisors LLC acquired a new position in NextEra Energy in the 4th quarter worth approximately $25,000. Financial Life Planners acquired a new position in NextEra Energy in the 1st quarter worth approximately $30,000. Wealth Watch Advisors INC raised its position 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 buying an additional 226 shares during the last quarter. Finally, Manning & Napier Advisors LLC boosted its holdings in shares of NextEra Energy by 104.9% in the 1st quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 172 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other 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.