Brokerages Set NextEra Energy, Inc. (NYSE:NEE) Price Target at $100.33

Shares of NextEra Energy, Inc. (NYSE:NEE) have received a consensus rating of “Moderate Buy” from the twenty-three research firms that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $100.3333.

Several research firms have issued reports on NEE. Weiss Ratings cut NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Bank of America decreased their price target on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a research note on Monday, July 13th. Morgan Stanley set a $114.00 price target on NextEra Energy and gave the stock an “overweight” rating in a report on Friday, August 21st. Jefferies Financial Group set a $94.00 price objective on NextEra Energy in a research report on Tuesday, July 14th. Finally, Mizuho set a $95.00 price objective on shares of NextEra Energy in a report on Monday, July 27th.

NextEra Energy Price Performance

Shares of NEE stock opened at $83.33 on Monday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. The company has a market capitalization of $173.81 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 2.58 and a beta of 0.65. The firm’s 50-day moving average is $86.54 and its two-hundred day moving average is $89.38. NextEra Energy has a 12 month low of $69.24 and a 12 month high of $98.75.

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

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be paid a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s payout ratio is 55.96%.

Hedge Funds Weigh In On NextEra Energy

A number of hedge funds have recently made changes to their positions in NEE. California State Teachers Retirement System lifted its position in shares of NextEra Energy by 8,297.4% during the second quarter. California State Teachers Retirement System now owns 222,175,185 shares of the utilities provider’s stock worth $19,500,316,000 after purchasing an additional 219,529,415 shares in the last quarter. Norges Bank purchased a new position in shares of NextEra Energy in the fourth quarter valued at approximately $2,816,327,000. Legal & General Group Plc acquired a new position in shares of NextEra Energy in the second quarter valued at approximately $1,465,987,000. GQG Partners LLC purchased a new stake in NextEra Energy during the 2nd quarter worth approximately $651,293,000. Finally, Canada Pension Plan Investment Board purchased a new stake in NextEra Energy during the 2nd quarter worth approximately $389,527,000. 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.