NextEra Energy (NYSE:NEE) Shares Up 1% - Time to Buy?

Key Points

• NextEra Energy shares rose 1% to $83.96 in mid-day trading, with volume about 7% above the average session.
• Wall Street maintains a favorable view, with 17 Buy ratings and six Holds resulting in a “Moderate Buy” consensus and an average price target of $100.33.
• The company exceeded quarterly EPS expectations, reporting $1.15 versus the $1.11 consensus, while revenue increased 12.4% year over year. NextEra also declared a quarterly dividend of $0.6232, equivalent to a 3.0% annualized yield.

NextEra Energy, Inc. (NYSE:NEE - Get Free Report) shares shot up 1% during mid-day trading on Thursday . The company traded as high as $84.25 and last traded at $83.96. Approximately 11,281,096 shares changed hands during trading, an increase of 7% from the average session volume of 10,560,933 shares. The stock had previously closed at $83.10.

Wall Street Analyst Weigh In

Several analysts have recently commented on NEE shares. Barclays set a $91.00 price target on shares of NextEra Energy and gave the company an "equal weight" rating in a research report on Tuesday, July 7th. Jefferies Financial Group set a $94.00 price objective on NextEra Energy in a research report on Tuesday, July 14th. JPMorgan Chase & Co. upped their target price on NextEra Energy from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Wednesday, May 13th. Sanford C. Bernstein reiterated an "outperform" rating and set a $108.00 target price on shares of NextEra Energy in a report on Monday, July 27th. Finally, HC Wainwright reissued a "buy" rating on shares of NextEra Energy in a research report on Monday, July 27th. Seventeen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $100.33.

NextEra Energy Price Performance

The company has a market capitalization of $175.12 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 2.57 and a beta of 0.65. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The company's 50 day simple moving average is $86.72 and its 200-day simple moving average is $89.52.

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 for the quarter, beating analysts' consensus estimates of $1.11 by $0.04. The business 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 in the previous year, the business posted $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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 issued a $0.6232 dividend. The ex-dividend date is Friday, August 28th. This represents a $2.49 annualized dividend and a yield of 3.0%. NextEra Energy's payout ratio is 55.96%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NEE. Pin Oak Investment Advisors Inc. acquired a new position in shares of NextEra Energy during the second quarter worth about $26,000. Kilter Group LLC purchased a new stake in shares of NextEra Energy during the 2nd quarter valued at about $25,000. Manning & Napier Advisors LLC acquired a new position in NextEra Energy during the 2nd quarter worth approximately $26,000. Anfield Capital Management LLC lifted its position in NextEra Energy by 692.3% during the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider's stock worth $25,000 after acquiring an additional 270 shares in the last quarter. Finally, Financial Life Planners purchased a new position in NextEra Energy in the 1st quarter worth approximately $30,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

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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