NextEra Energy (NYSE:NEE) Stock Price Up 1.3% Following Analyst Upgrade

Shares of NextEra Energy, Inc. (NYSE:NEE) rose 1.3% during trading on Wednesday after Morgan Stanley raised their price target on the stock from $111.00 to $117.00. Morgan Stanley currently has an overweight rating on the stock. NextEra Energy traded as high as $87.68 and last traded at $87.57. 12,523,740 shares changed hands during mid-day trading, an increase of 21% from the average daily volume of 10,390,110 shares. The stock had previously closed at $86.43.

Several other analysts also recently weighed in on the company. Weiss Ratings downgraded NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. BTIG Research reiterated a “buy” rating and issued a $112.00 price target on shares of NextEra Energy in a research note on Friday, April 24th. DA Davidson increased their price target on NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Jefferies Financial Group raised their price objective on NextEra Energy from $92.00 to $93.00 and gave the company a “hold” rating in a research note on Tuesday, April 21st. Finally, Barclays set a $90.00 price objective on NextEra Energy and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $99.86.

Hedge Funds Weigh In On NextEra Energy

A number of hedge funds have recently bought and sold shares of NEE. Indivisible Partners acquired a new position in shares of NextEra Energy during the fourth quarter worth approximately $1,355,000. First Long Island Investors LLC acquired a new stake in NextEra Energy in the 3rd quarter valued at approximately $14,198,000. SevenBridge Financial Group LLC raised its stake in NextEra Energy by 39.7% during the 3rd quarter. SevenBridge Financial Group LLC now owns 49,603 shares of the utilities provider’s stock valued at $3,745,000 after acquiring an additional 14,089 shares in the last quarter. Carnegie Investment Counsel raised its stake in NextEra Energy by 9.4% during the 4th quarter. Carnegie Investment Counsel now owns 458,141 shares of the utilities provider’s stock valued at $36,780,000 after acquiring an additional 39,250 shares in the last quarter. Finally, Swedbank AB boosted its position in NextEra Energy by 13.4% during the 4th quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider’s stock worth $81,615,000 after acquiring an additional 120,389 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 1.3%

The company has a market cap of $182.61 billion, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 2.52 and a beta of 0.68. The stock has a 50-day simple moving average of $89.91 and a 200-day simple moving average of $88.32. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.06. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.43 billion. During the same period last year, the company earned $0.99 earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were paid 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 yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is presently 63.36%.

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.