NextEra Energy (NYSE:NEE) Trading Down 1.6% – What’s Next?

NextEra Energy, Inc. (NYSE:NEE) dropped 1.6% during mid-day trading on Friday . The company traded as low as $83.54 and last traded at $83.71. Approximately 11,884,230 shares traded hands during trading, an increase of 13% from the average daily volume of 10,550,063 shares. The stock had previously closed at $85.03.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NEE shares. BTIG Research restated a “buy” rating and set a $112.00 price objective on shares of NextEra Energy in a research report on Friday, April 24th. Weiss Ratings downgraded shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. DA Davidson boosted their target price on shares of NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Sanford C. Bernstein reiterated an “outperform” rating and set a $108.00 target price on shares of NextEra Energy in a research note on Monday, July 27th. Finally, Wells Fargo & Company set a $102.00 price target on NextEra Energy and gave the company an “overweight” rating in a report 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 company’s stock. According to MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $100.33.

NextEra Energy Stock Down 1.6%

The stock has a market cap of $174.60 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 2.35 and a beta of 0.67. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. The company’s 50-day moving average price is $87.27 and its 200 day moving average price is $89.92.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.04. The company had revenue of $7.53 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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

Institutional Trading of NextEra Energy

Several institutional investors have recently made changes to their positions in NEE. Vanguard Group Inc. grew its stake in NextEra Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock valued at $17,343,185,000 after acquiring an additional 2,234,176 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of NextEra Energy by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider’s stock valued at $3,781,790,000 after purchasing an additional 966,152 shares during the last quarter. Norges Bank purchased a new position in shares of NextEra Energy during the fourth quarter valued at about $2,816,327,000. Price T Rowe Associates Inc. MD grew its position in shares of NextEra Energy by 6.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider’s stock valued at $1,474,407,000 after purchasing an additional 1,136,074 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of NextEra Energy by 2.9% in the fourth quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider’s stock worth $1,387,347,000 after purchasing an additional 485,854 shares during the last quarter. Hedge funds and other institutional investors 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.