NextEra Energy (NYSE:NEE) Shares Up 2.2% – Here’s Why

NextEra Energy, Inc. (NYSE:NEEGet Free Report)’s share price was up 2.2% during mid-day trading on Thursday . The company traded as high as $88.37 and last traded at $88.2430. 11,641,532 shares changed hands during trading, an increase of 11% from the average session volume of 10,525,607 shares. The stock had previously closed at $86.37.

Trending Headlines about NextEra Energy

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Evercore reiterated an “outperform” rating and issued a $107.00 price objective on shares of NextEra Energy in a research note on Monday, May 4th. Barclays set a $90.00 target price on NextEra Energy and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Sanford C. Bernstein set a $107.00 price target on NextEra Energy and gave the stock an “outperform” rating in a report on Tuesday, June 16th. Finally, UBS Group increased their price target on NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.86.

Get Our Latest Report on NEE

NextEra Energy Trading Up 2.2%

The company has a 50-day moving average price of $89.42 and a 200-day moving average price of $88.58. The firm has a market capitalization of $184.02 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 2.57 and a beta of 0.67. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54.

NextEra Energy (NYSE:NEEGet Free Report) last issued its earnings results 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. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.43 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $0.99 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, research analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Laurel Wealth Advisors LLC purchased a new stake in NextEra Energy in the fourth quarter valued at $25,000. Anfield Capital Management LLC boosted its stake in NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 270 shares in the last quarter. Wealth Watch Advisors INC grew its holdings in shares of NextEra Energy by 223.8% during the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 226 shares during the last quarter. Osbon Capital Management LLC purchased a new position in shares of NextEra Energy during the fourth quarter worth about $27,000. Finally, Strive Asset Management LLC acquired a new stake in shares of NextEra Energy during the third quarter worth about $29,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

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.

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