NextEra Energy (NYSE:NEE) Trading Up 2.3% – Time to Buy?

NextEra Energy, Inc. (NYSE:NEEGet Free Report) shares shot up 2.3% during mid-day trading on Tuesday . The company traded as high as $86.20 and last traded at $85.50. 14,179,467 shares were traded during mid-day trading, an increase of 17% from the average session volume of 12,078,890 shares. The stock had previously closed at $83.6090.

Trending Headlines about NextEra Energy

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on NEE. Scotiabank raised their target price on NextEra Energy from $102.00 to $110.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Morgan Stanley set a $111.00 price objective on NextEra Energy in a report on Thursday, May 21st. HSBC lifted their price objective on NextEra Energy from $103.00 to $106.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. DA Davidson lifted their price objective on NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, Evercore reissued an “outperform” rating and set a $107.00 price objective on shares of NextEra Energy in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $99.20.

Read Our Latest Stock Report on NEE

NextEra Energy Price Performance

The company has a market cap of $178.30 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 2.55 and a beta of 0.68. The company has a fifty day moving average price of $92.08 and a two-hundred day moving average price of $88.23. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41.

NextEra Energy (NYSE:NEEGet Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, topping 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 company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.43 billion. During the same quarter last year, the firm earned $0.99 EPS. NextEra Energy’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. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be given a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, June 5th. NextEra Energy’s dividend payout ratio (DPR) is 63.36%.

Insider Buying and Selling

In related news, Treasurer James Michael May sold 7,161 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction of $646,423.47. Following the completion of the transaction, the treasurer owned 26,719 shares in the company, valued at $2,411,924.13. This trade represents a 21.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $1,775,791.44. Following the transaction, the executive vice president owned 73,857 shares of the company’s stock, valued at $6,667,071.39. This trade represents a 21.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 31,767 shares of company stock worth $2,881,077 in the last 90 days. 0.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On NextEra Energy

Several hedge funds and other institutional investors have recently modified their holdings of NEE. Norges Bank bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $2,816,327,000. Employees Provident Fund Board bought a new position in NextEra Energy in the 4th quarter valued at $240,840,000. Pictet Asset Management Holding SA raised its position in NextEra Energy by 47.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock valued at $742,913,000 after purchasing an additional 2,972,924 shares during the last quarter. Danica Pension Livsforsikringsaktieselskab bought a new position in NextEra Energy in the 3rd quarter valued at $177,198,000. Finally, Vanguard Group Inc. raised its position in NextEra Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock valued at $17,343,185,000 after purchasing an additional 2,234,176 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

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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