NextEra Energy (NYSE:NEE) Hits New 12-Month Low - Here's What Happened

Key Points

• NextEra Energy shares hit a new 52-week low of $74.78 and were last trading near $75.59, well below their 50-day and 200-day moving averages.
• Despite the decline, analysts maintain a generally positive outlook: 17 rate the stock a Buy and six a Hold, producing a “Moderate Buy” consensus and an average price target of $100.19.
• The company reported quarterly EPS of $1.15, exceeding estimates, while revenue rose 12.4% year over year. NextEra also declared a quarterly dividend of $0.6232 per share, representing a 3.3% annualized yield.

NextEra Energy, Inc. (NYSE:NEE - Get Free Report) reached a new 52-week low on Tuesday. The company traded as low as $74.78 and last traded at $75.5850, with a volume of 784436 shares. The stock had previously closed at $75.49.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NEE. HC Wainwright reiterated a "buy" rating on shares of NextEra Energy in a report on Monday, July 27th. Wall Street Zen raised NextEra Energy from a "strong sell" rating to a "sell" rating in a report on Saturday, September 19th. BMO Capital Markets boosted their price objective on NextEra Energy from $94.00 to $96.00 and gave the stock an "outperform" rating in a research report on Monday, July 27th. Mizuho set a $95.00 target price on NextEra Energy in a report on Monday, July 27th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of NextEra Energy in a research report on Tuesday, September 8th. Seventeen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $100.19.

NextEra Energy Stock Up 0.1%

The firm has a market capitalization of $157.57 billion, a price-to-earnings ratio of 16.97, a P/E/G ratio of 2.36 and a beta of 0.65. The stock has a fifty day moving average of $83.99 and a two-hundred day moving average of $87.98. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the previous year, the business earned $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. Sell-side analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th were issued a dividend of $0.6232 per share. The ex-dividend date was Friday, August 28th. This represents a $2.49 annualized dividend and a yield of 3.3%. NextEra Energy's dividend payout ratio (DPR) is presently 55.96%.

Institutional Investors Weigh In On NextEra Energy

Institutional investors have recently modified their holdings of the company. Legal & General Group Plc acquired a new stake in NextEra Energy during the second quarter worth approximately $1,465,987,000. GQG Partners LLC bought a new stake in NextEra Energy in the second quarter worth approximately $651,293,000. Canada Pension Plan Investment Board acquired a new position in NextEra Energy in the second quarter valued at approximately $389,527,000. Amundi lifted its stake in NextEra Energy by 46.5% in the second quarter. Amundi now owns 13,329,077 shares of the utilities provider's stock valued at $1,169,839,000 after buying an additional 4,231,814 shares during the period. Finally, Caisse de depot et placement du Quebec bought a new position in shares of NextEra Energy during the 2nd quarter worth approximately $288,886,000. 78.72% of the stock is owned by institutional investors.

About NextEra Energy

NextEra Energy, Inc is an electric power and energy infrastructure company headquartered in Juno Beach, Florida. Through its principal subsidiary, Florida Power & Light Company (FPL), the company generates, transmits, distributes and sells electricity to customers across Florida. FPL serves residential, commercial and industrial customers and operates a diverse generation portfolio that includes natural gas, solar, nuclear and other resources.

NextEra Energy's other major business, NextEra Energy Resources, develops, owns and operates energy projects in the United States and Canada.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.