NextEra Energy (NYSE:NEE) Hits New 12-Month Low – Here’s What Happened

Shares of NextEra Energy, Inc. (NYSE:NEE) hit a new 52-week low during trading on Tuesday. The stock traded as low as $74.78 and last traded at $75.5850, with a volume of 784436 shares traded. The stock had previously closed at $75.49.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NEE. BMO Capital Markets boosted their target price on shares of NextEra Energy from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Erste Group Bank downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Jefferies Financial Group set a $94.00 price target on shares of NextEra Energy in a research note on Tuesday, July 14th. Mizuho set a $95.00 price objective on shares of NextEra Energy in a report on Monday, July 27th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $108.00 price objective on shares of NextEra Energy in a research report on Monday, July 27th. Seventeen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $100.19.

NextEra Energy Trading Up 0.1%

The firm has a market cap of $157.57 billion, a price-to-earnings ratio of 16.97, a P/E/G ratio of 2.36 and a beta of 0.65. The firm’s 50-day moving average is $83.99 and its 200-day moving average is $87.98. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, topping 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 the consensus estimate of $8.11 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The business’s revenue was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 28th were issued a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, August 28th. NextEra Energy’s dividend payout ratio is currently 55.96%.

Hedge Funds Weigh In On NextEra Energy

A number of hedge funds have recently added to or reduced their stakes in the stock. Deutsche Bank AG grew its holdings in NextEra Energy by 2.9% during the fourth quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider’s stock worth $1,387,347,000 after buying an additional 485,854 shares in the last quarter. Legal & General Group Plc bought a new position in NextEra Energy during the 2nd quarter valued at $1,465,987,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in NextEra Energy by 5.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,302,084 shares of the utilities provider’s stock valued at $1,430,834,000 after acquiring an additional 895,824 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in NextEra Energy by 0.5% during the 4th quarter. Bank of New York Mellon Corp now owns 13,443,132 shares of the utilities provider’s stock worth $1,079,215,000 after acquiring an additional 66,557 shares during the last quarter. Finally, Amundi boosted its holdings in NextEra Energy by 46.5% during the 2nd quarter. Amundi now owns 13,329,077 shares of the utilities provider’s stock worth $1,169,839,000 after acquiring an additional 4,231,814 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Company Profile

NextEra Energy, Inc is an electric power and energy infrastructure company headquartered in Juno Beach, Florida. Through its principal subsidiary, Florida Power & Light Company (FPL), the company generates, transmits, distributes and sells electricity to customers across Florida. FPL serves residential, commercial and industrial customers and operates a diverse generation portfolio that includes natural gas, solar, nuclear and other resources.

NextEra Energy’s other major business, NextEra Energy Resources, develops, owns and operates energy projects in the United States and Canada.