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

Shares of NextEra Energy, Inc. (NYSE:NEE) traded down 2.1% on Friday . The stock traded as low as $81.33 and last traded at $81.74. 13,948,403 shares were traded during mid-day trading, an increase of 33% from the average daily volume of 10,518,815 shares. The stock had previously closed at $83.47.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Evercore reaffirmed an “outperform” rating and issued a $107.00 target price on shares of NextEra Energy in a research note on Monday, May 4th. Sanford C. Bernstein reissued an “outperform” rating and set a $108.00 price target on shares of NextEra Energy in a research note on Monday, July 27th. Morgan Stanley set a $114.00 price objective on shares of NextEra Energy and gave the stock an “overweight” rating in a report on Friday, August 21st. Finally, Erste Group Bank cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Seventeen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $100.33.

NextEra Energy Trading Down 2.1%

The stock has a market capitalization of $170.49 billion, a PE ratio of 18.37, a PEG ratio of 2.24 and a beta of 0.67. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The business’s 50-day moving average is $86.95 and its two-hundred day moving average is $89.70.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.11 by $0.04. The company had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The firm’s revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company posted $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced 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 dividend yield of 3.0%. The ex-dividend date is Friday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 55.96%.

Hedge Funds Weigh In On NextEra Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Walker Asset Management LLC increased its position in NextEra Energy by 2.2% during the first quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider’s stock worth $465,000 after buying an additional 107 shares during the last quarter. PUREfi Wealth LLC raised its holdings in NextEra Energy by 0.9% during the first quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider’s stock valued at $1,170,000 after buying an additional 107 shares in the last quarter. Garrison Point Advisors LLC lifted its position in shares of NextEra Energy by 0.4% in the fourth quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider’s stock worth $2,269,000 after buying an additional 109 shares during the last quarter. Cornerstone Planning Group LLC lifted its position in shares of NextEra Energy by 12.8% in the first quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider’s stock worth $94,000 after buying an additional 111 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its stake in shares of NextEra Energy by 23.2% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 112 shares in the last quarter. Hedge funds and other institutional investors 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.