NextEra Energy (NYSE:NEE) Stock Price Down 1.1% – Here’s Why

NextEra Energy, Inc. (NYSE:NEE)’s share price was down 1.1% during mid-day trading on Monday . The company traded as low as $88.29 and last traded at $88.8010. Approximately 9,916,093 shares were traded during trading, a decline of 5% from the average session volume of 10,448,953 shares. The stock had previously closed at $89.78.

Analyst Ratings Changes

NEE has been the subject of several analyst reports. Bank of America lowered their price target on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a research report on Monday, July 13th. Morgan Stanley restated an “overweight” rating and issued a $116.00 price objective on shares of NextEra Energy in a report on Wednesday, July 22nd. BMO Capital Markets raised their price objective on shares of NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday. BTIG Research reaffirmed a “buy” rating and set a $112.00 target price on shares of NextEra Energy in a report on Friday, April 24th. Finally, Barclays set a $91.00 target price on shares of NextEra Energy and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $99.36.

NextEra Energy Trading Down 1.1%

The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $185.18 billion, a P/E ratio of 19.96, a PEG ratio of 2.46 and a beta of 0.67. The business has a 50 day moving average price of $87.38 and a 200 day moving average price of $89.53.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.12. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The business had revenue of $7.53 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period last year, the company posted $1.05 EPS. NextEra Energy’s revenue for the quarter was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Analysts anticipate that NextEra Energy, Inc. will post 4 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were issued a $0.6232 dividend. The ex-dividend date was Friday, June 5th. This represents a $2.49 annualized dividend and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is 55.96%.

Hedge Funds Weigh In On NextEra Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in NextEra Energy by 1.0% in 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 during the period. Geode Capital Management LLC increased its holdings in shares of NextEra Energy by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider’s stock worth $3,781,790,000 after acquiring an additional 966,152 shares in the last quarter. Norges Bank acquired a new stake in shares of NextEra Energy during the fourth quarter worth about $2,816,327,000. Price T Rowe Associates Inc. MD raised 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 worth $1,474,407,000 after purchasing an additional 1,136,074 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of NextEra Energy by 2.9% during the 4th quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider’s stock valued at $1,387,347,000 after purchasing an additional 485,854 shares in the last quarter. Institutional investors and hedge funds 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.