NextEra Energy (NYSE:NEE) Stock Price Down 1.6% - Here's What Happened

Key Points

• NextEra Energy shares fell 1.6% to $83.71 in mid-day trading, with volume 13% above its average.
• Analyst sentiment remains positive: 17 analysts rate the stock a Buy and six rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $100.33.
• NextEra exceeded quarterly EPS expectations, reporting $1.15 versus the $1.11 consensus, while revenue rose 12.4% year over year. The company also declared a quarterly dividend of $0.6232 per share, representing an annualized yield of about 3.0%.

NextEra Energy, Inc. (NYSE:NEE - Get Free Report) shares were down 1.6% on Friday . The stock traded as low as $83.54 and last traded at $83.71. 11,884,230 shares changed hands during mid-day trading, an increase of 13% from the average daily volume of 10,550,063 shares. The stock had previously closed at $85.03.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. BTIG Research restated a "buy" rating and set a $112.00 price target on shares of NextEra Energy in a research note on Friday, April 24th. HSBC boosted their target price on shares of NextEra Energy from $103.00 to $106.00 and gave the company a "buy" rating in a report on Tuesday, April 28th. Weiss Ratings lowered NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, June 11th. DA Davidson lifted their price target on NextEra Energy from $95.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. lifted their price target on NextEra Energy from $100.00 to $105.00 and gave the company an "overweight" rating in a research report on Wednesday, May 13th. Seventeen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $100.33.

NextEra Energy Price Performance

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 firm has a market capitalization of $174.60 billion, a PE ratio of 18.81, a P/E/G ratio of 2.35 and a beta of 0.67. The business's 50 day moving average is $87.27 and its two-hundred day moving average is $89.92.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the previous year, the firm posted $1.05 EPS. The firm's revenue was up 12.4% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, research analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be given a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a 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 large investors have recently added to or reduced their stakes in the business. Walker Asset Management LLC lifted its position in shares of NextEra Energy by 2.2% in the 1st quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider's stock worth $465,000 after purchasing an additional 107 shares during the period. PUREfi Wealth LLC grew its stake in shares of NextEra Energy by 0.9% in the 1st quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider's stock worth $1,170,000 after buying an additional 107 shares during the last quarter. Garrison Point Advisors LLC grew its stake 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 acquiring an additional 109 shares during the last quarter. Cornerstone Planning Group LLC grew its position in NextEra Energy by 12.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider's stock valued at $94,000 after purchasing an additional 111 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID grew its holdings in shares of NextEra Energy by 23.2% during the first quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider's stock valued at $55,000 after buying an additional 112 shares during 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.

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