NextEra Energy (NYSE:NEE) Stock Price Down 1% – Time to Sell?

Shares of NextEra Energy, Inc. (NYSE:NEE) fell 1% during trading on Wednesday . The stock traded as low as $84.52 and last traded at $84.8020. 11,885,170 shares changed hands during trading, an increase of 16% from the average session volume of 10,282,438 shares. The stock had previously closed at $85.68.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NEE. Jefferies Financial Group increased their target price on NextEra Energy from $92.00 to $93.00 and gave the stock a “hold” rating in a report on Tuesday, April 21st. Mizuho increased their target price on NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. DA Davidson increased their target price on NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. HSBC increased their target price on NextEra Energy from $103.00 to $106.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, Erste Group Bank upgraded NextEra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $99.20.

NextEra Energy Stock Performance

The firm has a fifty day moving average of $91.77 and a 200-day moving average of $88.24. The firm has a market cap of $179.05 billion, a P/E ratio of 21.85, a PEG ratio of 2.48 and a beta of 0.68. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41.

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

NextEra Energy Announces Dividend

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

Insider Activity at NextEra Energy

In related news, EVP Terrell Kirk Crews II sold 19,672 shares of the firm’s stock in a transaction dated 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 in the company, valued at $6,667,071.39. This trade represents a 21.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nicole J. Daggs sold 4,934 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $93.00, for a total value of $458,862.00. Following the completion of the transaction, the executive vice president owned 16,905 shares in the company, valued at approximately $1,572,165. This represents a 22.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 31,767 shares of company stock worth $2,881,077 over the last 90 days. Insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On NextEra Energy

Several hedge funds have recently added to or reduced their stakes in NEE. Wedbush Securities Inc. raised its position in shares of NextEra Energy by 24.8% during the third quarter. Wedbush Securities Inc. now owns 64,158 shares of the utilities provider’s stock worth $4,843,000 after purchasing an additional 12,738 shares during the period. Varma Mutual Pension Insurance Co raised its position in shares of NextEra Energy by 5.0% during the third quarter. Varma Mutual Pension Insurance Co now owns 326,193 shares of the utilities provider’s stock worth $24,624,000 after purchasing an additional 15,600 shares during the period. Indivisible Partners acquired a new stake in shares of NextEra Energy during the fourth quarter worth about $1,355,000. Oppenheimer & Co. Inc. raised its position in shares of NextEra Energy by 43.2% during the third quarter. Oppenheimer & Co. Inc. now owns 333,278 shares of the utilities provider’s stock worth $25,159,000 after purchasing an additional 100,467 shares during the period. Finally, First Long Island Investors LLC acquired a new stake in shares of NextEra Energy during the third quarter worth about $14,198,000. 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.