NextEra Energy (NYSE:NEE) Shares Down 2.1% – Here’s What Happened

NextEra Energy, Inc. (NYSE:NEE) was down 2.1% on Monday . The company traded as low as $83.98 and last traded at $84.0460. Approximately 9,535,615 shares changed hands during trading, a decline of 7% from the average daily volume of 10,282,470 shares. The stock had previously closed at $85.84.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Erste Group Bank raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. TD Cowen increased their price target on NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Evercore reiterated an “outperform” rating and set a $107.00 price objective on shares of NextEra Energy in a research note on Monday, May 4th. Wall Street Zen cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Finally, BMO Capital Markets cut 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. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.20.

NextEra Energy Trading Down 2.1%

The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54. The stock has a market capitalization of $175.26 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 2.52 and a beta of 0.68. The business has a fifty day simple moving average of $91.66 and a 200 day simple moving average of $88.24.

NextEra Energy (NYSE:NEE) last announced its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $7.43 billion. During the same period last year, the firm earned $0.99 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, research analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 5th will be issued a $0.6232 dividend. This represents a $2.49 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, June 5th. NextEra Energy’s dividend payout ratio (DPR) is currently 63.36%.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,934 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $93.00, for a total transaction of $458,862.00. Following the completion of the sale, the executive vice president owned 16,905 shares of the company’s stock, valued at approximately $1,572,165. This represents a 22.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On NextEra Energy

A number of institutional investors have recently modified their holdings of NEE. 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 buying an additional 270 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $25,000. Financial Life Planners bought a new stake in shares of NextEra Energy during the 1st quarter valued at approximately $30,000. Wealth Watch Advisors INC increased its position in NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 226 shares in the last quarter. Finally, Manning & Napier Advisors LLC increased its position in NextEra Energy by 104.9% during the 1st quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 172 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

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.