NextEra Energy (NYSE:NEE) Stock Price Down 3.9% – Here’s Why

NextEra Energy, Inc. (NYSE:NEE)’s stock price dropped 3.9% during trading on Monday . The company traded as low as $83.57 and last traded at $83.6090. Approximately 13,172,568 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 10,242,970 shares. The stock had previously closed at $87.01.

Analyst Ratings Changes

Several research analysts recently issued reports on NEE shares. Evercore reissued an “outperform” rating and set a $107.00 target price on shares of NextEra Energy in a research note on Monday, May 4th. Mizuho raised their price objective on shares of NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Barclays set a $90.00 price objective on shares of NextEra Energy and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Jefferies Financial Group raised their price objective on shares of NextEra Energy from $92.00 to $93.00 and gave the company a “hold” rating in a research note on Tuesday, April 21st. Finally, BMO Capital Markets dropped their price objective on shares of NextEra Energy from $104.00 to $102.00 and set an “outperform” rating on the stock in a research note on Monday, May 18th. One equities 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $99.20.

NextEra Energy Price Performance

The firm’s 50 day moving average price is $92.25 and its two-hundred day moving average price is $88.24. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44. The stock has a market cap of $174.35 billion, a PE ratio of 21.27, a P/E/G ratio of 2.55 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.06. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.43 billion. During the same period last year, the business earned $0.99 earnings per share. NextEra Energy’s revenue 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. On average, research analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 5th will be given a dividend of $0.6232 per share. The ex-dividend date is Friday, June 5th. This represents a $2.49 annualized dividend and a yield of 3.0%. NextEra Energy’s payout ratio is presently 63.36%.

Insider Activity

In other news, Treasurer James Michael May sold 7,161 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $90.27, for a total transaction of $646,423.47. Following the sale, the treasurer owned 26,719 shares in the company, valued at approximately $2,411,924.13. This trade represents a 21.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the business’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 $1,775,791.44. Following the completion of the sale, the executive vice president owned 73,857 shares of the company’s stock, valued at approximately $6,667,071.39. The trade was a 21.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 31,767 shares of company stock worth $2,881,077. 0.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NextEra Energy

A number of hedge funds have recently made changes to their positions in NEE. Norges Bank bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $2,816,327,000. Employees Provident Fund Board bought a new stake in NextEra Energy during the 4th quarter valued at $240,840,000. Pictet Asset Management Holding SA raised its holdings in NextEra Energy by 47.3% during 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 buying an additional 2,972,924 shares during the last quarter. Danica Pension Livsforsikringsaktieselskab bought a new stake in NextEra Energy during the 3rd quarter valued at $177,198,000. Finally, Vanguard Group Inc. raised its holdings in NextEra Energy by 1.0% during 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 buying an additional 2,234,176 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Company Profile

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.