NextEra Energy (NYSE:NEE) Trading 1.2% Higher - Still a Buy?

Key Points

• NextEra Energy shares rose 1.2% to about $85.72, although trading volume was 37% below the average. The stock remains below its 50-day and 200-day moving averages.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $99.36. Recent target increases included DA Davidson at $105 and HSBC at $106.
• 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, yielding approximately 2.9% annually.

NextEra Energy, Inc. (NYSE:NEE - Get Free Report)'s stock price was up 1.2% during trading on Tuesday . The company traded as high as $85.79 and last traded at $85.7170. Approximately 6,647,984 shares traded hands during trading, a decline of 37% from the average daily volume of 10,550,969 shares. The stock had previously closed at $84.70.

Analyst Ratings Changes

A number of brokerages recently issued reports on NEE. Weiss Ratings cut NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, June 11th. DA Davidson upped their target price on NextEra Energy from $95.00 to $105.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. Wells Fargo & Company set a $102.00 price target on NextEra Energy and gave the company an "overweight" rating in a research report on Friday, April 24th. HSBC lifted their price target on NextEra Energy from $103.00 to $106.00 and gave the stock a "buy" rating in a research note on Tuesday, April 28th. Finally, Jefferies Financial Group set a $94.00 price objective on shares of NextEra Energy in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $99.36.

NextEra Energy Stock Up 1.2%

The stock has a market capitalization of $178.79 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 2.32 and a beta of 0.67. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. The firm has a 50-day moving average of $87.14 and a two-hundred day moving average of $89.95.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The firm had revenue of $7.53 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same period last year, the company posted $1.05 EPS. The business's quarterly 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, sell-side analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently declared 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 2.9%. The ex-dividend date is Friday, August 28th. NextEra Energy's dividend payout ratio (DPR) is currently 55.96%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in NextEra Energy during the fourth quarter valued at $2,816,327,000. Employees Provident Fund Board acquired a new position in NextEra Energy in the 4th quarter worth about $240,840,000. Pictet Asset Management Holding SA raised its stake in shares of NextEra Energy by 47.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider's stock worth $742,913,000 after purchasing an additional 2,972,924 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider's stock worth $17,343,185,000 after purchasing an additional 2,234,176 shares in the last quarter. Finally, Amundi lifted its stake in NextEra Energy by 16.7% in the third quarter. Amundi now owns 12,461,783 shares of the utilities provider's stock valued at $1,012,129,000 after acquiring an additional 1,780,881 shares during the last quarter. Institutional investors and hedge funds 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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