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

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Sanford C. Bernstein restated an “outperform” rating and issued a $108.00 price objective on shares of NextEra Energy in a report on Monday, July 27th. Weiss Ratings cut shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Morgan Stanley reissued an “overweight” rating and issued a $116.00 price target on shares of NextEra Energy in a research note on Wednesday, July 22nd. Evercore restated an “outperform” rating and set a $107.00 price target on shares of NextEra Energy in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. raised 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. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $99.36.

NextEra Energy Price Performance

The stock has a market capitalization of $179.31 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 2.35 and a beta of 0.67. The firm has a 50 day moving average price of $87.16 and a 200 day moving average price of $89.96. 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 results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The company 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 firm earned $1.05 earnings per share. NextEra Energy’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. Research analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be issued a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, August 28th. NextEra Energy’s dividend payout ratio is presently 55.96%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Indivisible Partners acquired a new stake in NextEra Energy during the fourth quarter valued at $1,355,000. Czech National Bank grew its holdings in NextEra Energy by 4.7% during the second quarter. Czech National Bank now owns 593,568 shares of the utilities provider’s stock valued at $52,097,000 after purchasing an additional 26,378 shares during the last quarter. Swedbank AB grew its stake in NextEra Energy by 13.4% in the 4th quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider’s stock valued at $81,615,000 after buying an additional 120,389 shares during the last quarter. Fisher Funds Management LTD increased its stake in shares of NextEra Energy by 3.5% in the fourth quarter. Fisher Funds Management LTD now owns 619,640 shares of the utilities provider’s stock worth $49,884,000 after purchasing an additional 20,709 shares during the period. Finally, MGO One Seven LLC increased its position in NextEra Energy by 12.1% in the 4th quarter. MGO One Seven LLC now owns 137,251 shares of the utilities provider’s stock worth $11,018,000 after buying an additional 14,828 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

About NextEra Energy

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.