NextEra Energy (NYSE:NEE) Shares Down 1.6% – Should You Sell?

NextEra Energy, Inc. (NYSE:NEEGet Free Report)’s share price traded down 1.6% during trading on Wednesday . The stock traded as low as $86.32 and last traded at $86.3620. 9,618,691 shares changed hands during trading, a decline of 9% from the average session volume of 10,517,521 shares. The stock had previously closed at $87.77.

NextEra Energy News Summary

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NEE. UBS Group increased their price target on shares of NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. TD Cowen upped their price objective on shares of NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, April 27th. BTIG Research reaffirmed a “buy” rating and set a $112.00 target price on shares of NextEra Energy in a research note on Friday, April 24th. Erste Group Bank lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Barclays set a $90.00 price target on NextEra Energy and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $99.86.

Read Our Latest Report on NextEra Energy

NextEra Energy Stock Performance

The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $180.09 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 2.60 and a beta of 0.68. The business’s 50 day simple moving average is $89.54 and its two-hundred day simple moving average is $88.55.

NextEra Energy (NYSE:NEEGet Free Report) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (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 firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Sell-side analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm 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. This represents a $2.49 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, June 5th. NextEra Energy’s dividend payout ratio (DPR) is currently 63.36%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NEE. Indivisible Partners purchased a new stake in NextEra Energy during the fourth quarter valued at approximately $1,355,000. SevenBridge Financial Group LLC boosted its stake in shares of NextEra Energy by 39.7% during the 3rd quarter. SevenBridge Financial Group LLC now owns 49,603 shares of the utilities provider’s stock worth $3,745,000 after acquiring an additional 14,089 shares during the last quarter. Carnegie Investment Counsel boosted its stake in shares of NextEra Energy by 9.4% during the 4th quarter. Carnegie Investment Counsel now owns 458,141 shares of the utilities provider’s stock worth $36,780,000 after acquiring an additional 39,250 shares during the last quarter. Swedbank AB grew its position in shares of NextEra Energy by 13.4% during the 4th quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider’s stock valued at $81,615,000 after acquiring an additional 120,389 shares during the period. Finally, Fisher Funds Management LTD grew its position in shares of NextEra Energy by 3.5% during the 4th quarter. Fisher Funds Management LTD now owns 619,640 shares of the utilities provider’s stock valued at $49,884,000 after acquiring an additional 20,709 shares during the period. 78.72% of the stock is owned by 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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