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Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities

NextEra Energy (NEE) Stock Price, News & Analysis

$54.97
-0.24 (-0.43%)
(As of 03/4/2024 ET)
Today's Range
$53.95
$55.07
50-Day Range
$54.97
$62.92
52-Week Range
$47.15
$79.78
Volume
11.60 million shs
Average Volume
10.83 million shs
Market Capitalization
$112.82 billion
P/E Ratio
15.23
Dividend Yield
3.75%
Price Target
$71.85

NextEra Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
30.7% Upside
$71.85 Price Target
Short Interest
Healthy
1.16% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.21
Upright™ Environmental Score
News Sentiment
0.74mentions of NextEra Energy in the last 14 days
Based on 31 Articles This Week
Insider Trading
Acquiring Shares
$506,515 Bought Last Quarter
Proj. Earnings Growth
6.40%
From $3.44 to $3.66 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.97 out of 5 stars

Utilities Sector

2nd out of 88 stocks

Electric Services Industry

1st out of 41 stocks


NEE stock logo

About NextEra Energy Stock (NYSE:NEE)

NextEra Energy, Inc. is the largest electric utility holding company in the US. It operates a network of power generation and distribution facilities that include fossil-fuel-generated and green energy. As of mid-2022, the company was capable of generating 58 GW of electricity with nearly 60% of the load produced by green sources including wind and solar. In their view, going green isn’t an option, it’s the solution. NextEra Energy has been recognized multiple times as a leader in clean energy and ESG practices and was ranked the #1 electric and gas utility on the Forbes list of Most Admired Companies.

The company is the result of several mergers that begin with FPL Group. FPL Group is now a subsidiary of NextEra Energy and the third-largest provider of electricity in the US servicing nearly half of Florida. FPL and its affiliates are the single largest provider of renewable energy generated from wind and sun. The group changed its name in 2010 following a decision to shift focus onto renewable energy sources.

Today, NextEra Energy, Inc through its subsidiary FPL serves about 12 million people in eastern and southwestern Florida. The company employs nearly 14,900 people who service 5.8 million accounts. The company is in business to generate, transmit, and distribute electricity to retail and wholesale clients. Electricity is generated through wind, solar, nuclear, natural gas, and coal-fired facilities.

The company is also engaged in the construction and operation of new facilities, specifically renewable power generation, storage, and delivery facilities, and can offer custom solutions tailored to any need. Offerings include tailored services to assist businesses with their transition to clean energy.

NextEra Energy also owns and operates 7 nuclear power stations in Florida, New Hampshire, and Wisconsin generating power for the wholesale market.

Unlike other companies that are targeting net-zero emissions, NextEra Energy has a plan to reach real zero and is investing heavily to reach that goal by 2045. The company had invested nearly $50 billion in green energy infrastructure and initiatives by mid-2022. The plan is to first work on reducing its own emissions and then take its knowledge and expertise to the world.

 

NEE Stock Price History

NEE Stock News Headlines

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See More Headlines
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Company Calendar

Ex-Dividend for 12/15 Dividend
11/22/2023
Dividend Payable
12/15/2023
Last Earnings
1/25/2024
Ex-Dividend for 3/15 Dividend
2/26/2024
Today
3/05/2024
Dividend Payable
3/15/2024
Next Earnings (Estimated)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Electric Utilities
CUSIP
65339F10
Employees
9,500
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$71.85
High Stock Price Target
$96.00
Low Stock Price Target
$53.00
Potential Upside/Downside
+30.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
12 Analysts

Profitability

Net Income
$7.31 billion
Pretax Margin
25.92%

Debt

Sales & Book Value

Annual Sales
$28.11 billion
Cash Flow
$6.11 per share
Book Value
$28.16 per share

Miscellaneous

Outstanding Shares
2,052,430,000
Free Float
2,048,735,000
Market Cap
$112.82 billion
Optionable
Optionable
Beta
0.50

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Should I Buy NextEra Energy Stock? NEE Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of NextEra Energy was last updated on Sunday, March 3, 2024 at 12:44 AM.

Pros

Here are some ways that investors could benefit from investing in NextEra Energy, Inc.:

  • NextEra Energy, Inc. is a leading energy company in North America, with a strong presence in the generation, transmission, distribution, and sale of electric power.
  • Recent developments in renewable energy projects have positioned NextEra Energy, Inc. as a key player in the transition towards clean energy sources.
  • NextEra Energy, Inc. has shown consistent growth in revenue and earnings, indicating a stable financial performance.
  • The current stock price of NextEra Energy, Inc. is favorable for investors looking for potential long-term growth opportunities.
  • NextEra Energy, Inc. has a solid track record of dividend payments, providing investors with a reliable source of income.

Cons

Investors should be bearish about investing in NextEra Energy, Inc. for these reasons:

  • Despite its strong performance, NextEra Energy, Inc. faces regulatory challenges and uncertainties in the energy sector that could impact its future growth prospects.
  • Fluctuations in energy prices and market conditions could affect the profitability of NextEra Energy, Inc.'s operations.
  • Investing in NextEra Energy, Inc. may be subject to risks associated with environmental regulations and policies that could impact the company's operations.
  • Competition in the energy industry is intense, and NextEra Energy, Inc. may face challenges in maintaining its market position against other major players.
  • Market volatility and economic uncertainties could impact the overall performance of NextEra Energy, Inc. and its stock price.














NEE Stock Analysis - Frequently Asked Questions

Should I buy or sell NextEra Energy stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NextEra Energy in the last twelve months. There are currently 1 sell rating, 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NEE shares.
View NEE analyst ratings
or view top-rated stocks.

What is NextEra Energy's stock price target for 2024?

12 Wall Street research analysts have issued twelve-month price objectives for NextEra Energy's shares. Their NEE share price targets range from $53.00 to $96.00. On average, they predict the company's stock price to reach $71.85 in the next twelve months. This suggests a possible upside of 30.7% from the stock's current price.
View analysts price targets for NEE
or view top-rated stocks among Wall Street analysts.

How have NEE shares performed in 2024?

NextEra Energy's stock was trading at $60.74 at the beginning of the year. Since then, NEE shares have decreased by 9.5% and is now trading at $54.97.
View the best growth stocks for 2024 here
.

Are investors shorting NextEra Energy?

NextEra Energy saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 23,770,000 shares, an increase of 34.0% from the January 31st total of 17,740,000 shares. Based on an average daily volume of 10,940,000 shares, the days-to-cover ratio is presently 2.2 days.
View NextEra Energy's Short Interest
.

When is NextEra Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our NEE earnings forecast
.

How were NextEra Energy's earnings last quarter?

NextEra Energy, Inc. (NYSE:NEE) posted its quarterly earnings data on Thursday, January, 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. The utilities provider had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.72 billion. NextEra Energy had a trailing twelve-month return on equity of 11.73% and a net margin of 26.00%. During the same period in the previous year, the firm posted $0.51 EPS.
Read the conference call transcript
.

How often does NextEra Energy pay dividends? What is the dividend yield for NextEra Energy?

NextEra Energy announced a quarterly dividend on Friday, February 16th. Stockholders of record on Tuesday, February 27th will be given a dividend of $0.515 per share on Friday, March 15th. This represents a $2.06 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Monday, February 26th. This is a boost from the stock's previous quarterly dividend of $0.47.
Read our dividend analysis for NEE
.

Is NextEra Energy a good dividend stock?

NextEra Energy (NYSE:NEE) pays an annual dividend of $2.06 per share and currently has a dividend yield of 3.73%. The company has been increasing its dividend for 30 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 57.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NEE will have a dividend payout ratio of 56.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NEE.

When did NextEra Energy's stock split?

NextEra Energy shares split on the morning of Tuesday, October 27th 2020. The 4-1 split was announced on Monday, September 14th 2020. The newly issued shares were distributed to shareholders after the closing bell on Monday, October 26th 2020. An investor that had 100 shares of stock prior to the split would have 400 shares after the split.

What guidance has NextEra Energy issued on next quarter's earnings?

NextEra Energy issued an update on its FY 2026 earnings guidance on Friday, January, 26th. The company provided earnings per share (EPS) guidance of 3.630-4.000 for the period. The company issued revenue guidance of -.

What is James L. Robo's approval rating as NextEra Energy's CEO?

268 employees have rated NextEra Energy Chief Executive Officer James L. Robo on Glassdoor.com. James L. Robo has an approval rating of 87% among the company's employees.

What other stocks do shareholders of NextEra Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other NextEra Energy investors own include AT&T (T), Johnson & Johnson (JNJ), NVIDIA (NVDA), Walt Disney (DIS), AbbVie (ABBV), Cisco Systems (CSCO), Home Depot (HD), Verizon Communications (VZ), Intel (INTC) and JPMorgan Chase & Co. (JPM).

Who are NextEra Energy's major shareholders?

NextEra Energy's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.68%), Norges Bank (2.06%), Northern Trust Corp (1.09%), Legal & General Group Plc (1.03%), Charles Schwab Investment Management Inc. (0.53%) and CIBC Private Wealth Group LLC (0.39%). Insiders that own company stock include Amy B Lane, Armando Pimentel Jr, Charles E Sieving, Deborah H Caplan, Eric E Silagy, James L Robo, James L Robo, James Lawrence Camaren, James Michael May, John W Ketchum, Kirk S Hachigian, Miguel Arechabala, Naren K Gursahaney, Nextera Energy Inc, Nicole S Arnaboldi, Rebecca J Kujawa, Robert Coffey, Ronald R Reagan and Terrell Kirk Crews II.
View institutional ownership trends
.

How do I buy shares of NextEra Energy?

Shares of NEE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does NextEra Energy have any subsidiaries?
The following companies are subsidiares of NextEra Energy: Florida City Gas, Florida Power & Light Company, Gulf Power, Gulf Power Company, NextEra Energy Capital Holdings Inc., NextEra Energy Resources LLC, Oncor Electric Delivery Company, Palms Insurance Company Limited, Palms SC Insurance Company LLC, Smart Energy Capital, and WindLogics.
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This page (NYSE:NEE) was last updated on 3/5/2024 by MarketBeat.com Staff