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

NextEra Energy, Inc. (NYSE:NEEGet Free Report)’s share price rose 1.4% during trading on Tuesday . The company 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 daily volume of 10,521,216 shares. The stock had previously closed at $88.38.

Key Stories Impacting NextEra Energy

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Erste Group Bank cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Mizuho lifted their price objective on shares of NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. DA Davidson lifted their price target on NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings downgraded NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.64.

View Our Latest Report on NextEra Energy

NextEra Energy Stock Performance

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 cap of $186.91 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 2.45 and a beta of 0.67. The company’s 50 day simple moving average is $88.11 and its 200 day simple moving average is $89.12.

NextEra Energy (NYSE:NEEGet Free Report) last announced its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. The firm had revenue of $6.70 billion for 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 quarter in the previous year, the business earned $0.99 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.49 annualized dividend and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is currently 63.36%.

Hedge Funds Weigh In On NextEra Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock valued at $17,343,185,000 after acquiring an additional 2,234,176 shares during the period. Geode Capital Management LLC increased its position in NextEra Energy by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider’s stock worth $3,781,790,000 after buying an additional 966,152 shares during the last quarter. Norges Bank bought a new stake in shares of NextEra Energy in the fourth quarter valued at $2,816,327,000. Price T Rowe Associates Inc. MD lifted its position in shares of NextEra Energy by 6.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider’s stock valued at $1,474,407,000 after buying an additional 1,136,074 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in shares of NextEra Energy by 2.9% during the 4th quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider’s stock worth $1,387,347,000 after acquiring an additional 485,854 shares during the period. 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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