NextEra Energy (NYSE:NEE) Shares Down 2.1% - Should You Sell?

Key Points

• NextEra Energy shares fell 2.1% to $81.74 in heavy trading, below both the 50-day and 200-day moving averages.
• Analyst sentiment remains favorable, with 17 Buy ratings and six Holds producing a “Moderate Buy” consensus and an average price target of $100.33.
• The company exceeded quarterly EPS expectations and reported 12.4% year-over-year revenue growth, while declaring a quarterly dividend of $0.6232, equivalent to a 3.0% annual yield.

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

Analysts Set New Price Targets

NEE has been the subject of several recent analyst reports. DA Davidson increased their price objective on shares of NextEra Energy from $95.00 to $105.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. Mizuho set a $95.00 price objective on NextEra Energy in a research note on Monday, July 27th. BMO Capital Markets raised their target price on NextEra Energy from $94.00 to $96.00 and gave the company an "outperform" rating in a research note on Monday, July 27th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $108.00 price target on shares of NextEra Energy in a research report on Monday, July 27th. Finally, HC Wainwright restated a "buy" rating on shares of NextEra Energy in a research report on Monday, July 27th. Seventeen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $100.33.

NextEra Energy Price Performance

The stock's fifty day moving average price is $87.05 and its 200-day moving average price is $89.75. 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 cap of $170.49 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 2.30 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last posted 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. The firm had revenue of $7.53 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The company's revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the business posted $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities research analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Pin Oak Investment Advisors Inc. acquired a new position in NextEra Energy in the second quarter worth approximately $26,000. Kilter Group LLC acquired a new stake in shares of NextEra Energy in the 2nd quarter valued at $25,000. Manning & Napier Advisors LLC bought a new stake in NextEra Energy in the second quarter worth $26,000. Anfield Capital Management LLC increased its position in NextEra Energy by 692.3% during the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider's stock worth $25,000 after buying an additional 270 shares during the last quarter. Finally, Laurel Wealth Advisors LLC bought a new position in NextEra Energy during the fourth quarter valued at about $25,000. Institutional investors and hedge funds own 78.72% of the company's stock.

About NextEra Energy

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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