NextEra Energy (NYSE:NEE) Trading 1.4% Higher – Here’s What Happened

NextEra Energy, Inc. (NYSE:NEEGet Free Report) was up 1.4% during trading on Tuesday . The stock traded as high as $89.86 and last traded at $89.5790. Approximately 9,762,215 shares changed hands 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:

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NEE shares. BMO Capital Markets dropped their price target on shares of NextEra Energy from $104.00 to $102.00 and set an “outperform” rating for the company in a research note on Monday, May 18th. Mizuho boosted their target price on NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Evercore reaffirmed an “outperform” rating and issued a $107.00 price target on shares of NextEra Energy in a research report on Monday, May 4th. Barclays set a $91.00 price objective on NextEra Energy and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Finally, Morgan Stanley upped their target price on shares of NextEra Energy from $111.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $99.64.

Read Our Latest Research Report on NEE

NextEra Energy Price Performance

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 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 stock has a 50-day moving average price of $88.37 and a 200 day moving average price of $88.99.

NextEra Energy (NYSE:NEEGet Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.06. The business 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 company’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 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

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

Institutional Trading of NextEra Energy

Hedge funds have recently modified their holdings of the business. Annex Advisory Services LLC raised its position in NextEra Energy by 13.9% in the second quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider’s stock worth $62,405,000 after acquiring an additional 86,585 shares in the last quarter. Cardinal Capital Management Inc. grew its stake in shares of NextEra Energy by 1.0% during the 2nd quarter. Cardinal Capital Management Inc. now owns 439,005 shares of the utilities provider’s stock worth $38,531,000 after purchasing an additional 4,391 shares during the period. Tema ETFs LLC increased its holdings in shares of NextEra Energy by 39.0% in the 2nd quarter. Tema ETFs LLC now owns 482,897 shares of the utilities provider’s stock valued at $42,384,000 after purchasing an additional 135,501 shares in the last quarter. Stonekeep Investments LLC lifted its stake in shares of NextEra Energy by 3.5% in the second quarter. Stonekeep Investments LLC now owns 6,541 shares of the utilities provider’s stock valued at $574,000 after purchasing an additional 221 shares during the period. Finally, Clarus Wealth Advisors boosted its holdings in NextEra Energy by 24.8% during the second quarter. Clarus Wealth Advisors now owns 6,956 shares of the utilities provider’s stock worth $608,000 after buying an additional 1,382 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Company Profile

(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.

Read More

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.