NextEra Energy (NYSE:NEE) Trading Up 1.2% – Here’s Why

NextEra Energy, Inc. (NYSE:NEE) shares traded up 1.2% during trading on Tuesday . The stock traded as high as $85.79 and last traded at $85.7170. 6,647,984 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 10,550,969 shares. The stock had previously closed at $84.70.

Analysts Set New Price Targets

NEE has been the subject of a number of research reports. BMO Capital Markets increased their price target on shares of NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, July 27th. DA Davidson upped their price objective on shares of NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. BTIG Research reiterated a “buy” rating and issued a $112.00 target price on shares of NextEra Energy in a research note on Friday, April 24th. HSBC increased their target price on shares of NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Evercore reissued an “outperform” rating and set a $107.00 target price on shares of NextEra Energy in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.36.

NextEra Energy Stock Performance

The stock has a market capitalization of $178.79 billion, a P/E ratio of 19.26, a PEG ratio of 2.32 and a beta of 0.67. The firm has a 50-day moving average of $87.14 and a 200 day moving average of $89.95. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.04. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The firm had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. The business’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. Research analysts anticipate 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 will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s payout ratio is presently 55.96%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. NFJ Investment Group LLC bought a new stake in NextEra Energy during the second quarter worth about $43,102,000. Bernicke Wealth Management Ltd. acquired a new position in NextEra Energy during the 2nd quarter worth about $220,000. Silvant Capital Management LLC acquired a new stake in NextEra Energy in the 2nd quarter valued at about $171,000. LaSalle St. Investment Advisors LLC bought a new position in shares of NextEra Energy in the second quarter worth about $223,000. Finally, Mystic Asset Management Inc. bought a new stake in shares of NextEra Energy during the second quarter valued at approximately $1,936,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

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.