NextEra Energy (NYSE:NEE) Trading Up 1.4% – What’s Next?

NextEra Energy, Inc. (NYSE:NEEGet Free Report)’s share price shot up 1.4% on Tuesday . The stock traded as high as $89.86 and last traded at $89.5790. Approximately 9,762,215 shares were traded during mid-day trading, a decline of 7% from the average session volume of 10,521,216 shares. The stock had previously closed at $88.38.

Key NextEra Energy News

Here are the key news stories impacting NextEra Energy this week:

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Morgan Stanley raised their price objective on NextEra Energy from $111.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, June 24th. JPMorgan Chase & Co. increased their target price on NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. DA Davidson lifted their price target 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. Evercore reissued an “outperform” rating and issued a $107.00 price target on shares of NextEra Energy in a report on Monday, May 4th. Finally, Wall Street Zen upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Sunday. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $99.64.

Check Out Our Latest Stock Analysis on NEE

NextEra Energy Stock Up 1.4%

The firm has a market cap of $186.80 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 2.58 and a beta of 0.67. The business has a fifty day simple moving average of $88.37 and a 200 day simple moving average of $88.99. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44.

NextEra Energy (NYSE:NEEGet Free Report) last posted 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. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.43 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, equities analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were issued a $0.6232 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio is currently 63.36%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC purchased a new position in NextEra Energy during the fourth quarter worth about $25,000. Anfield Capital Management LLC raised its position 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. Wealth Watch Advisors INC boosted its position in shares of NextEra Energy by 223.8% during the fourth 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 period. Osbon Capital Management LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at $27,000. Finally, Strive Asset Management LLC purchased a new stake in shares of NextEra Energy in the 3rd quarter valued at $29,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

About NextEra Energy

(Get Free Report)

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.

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