NextEra Energy (NYSE:NEE) Shares Down 2.9% – Should You Sell?
by Teresa Graham · The Cerbat GemNextEra Energy, Inc. (NYSE:NEE – Get Free Report)’s stock price dropped 2.9% during trading on Wednesday. The stock traded as low as $76.87 and last traded at $76.9790. Approximately 12,615,376 shares were traded during trading, an increase of 19% from the average daily volume of 10,604,535 shares. The stock had previously closed at $79.26.
Analyst Ratings Changes
Several research analysts have issued reports on NEE shares. Wall Street Zen upgraded NextEra Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 19th. Jefferies Financial Group set a $94.00 price target on NextEra Energy in a research note on Tuesday, July 14th. Barclays set a $91.00 price objective on NextEra Energy and gave the company an “equal weight” rating in a report on Tuesday, July 7th. BMO Capital Markets lifted their target price on NextEra Energy from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Finally, HC Wainwright reissued a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Seventeen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $100.19.
NextEra Energy Price Performance
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 fifty day moving average of $84.49 and a two-hundred day moving average of $88.20. The stock has a market capitalization of $158.61 billion, a P/E ratio of 17.08, a P/E/G ratio of 2.46 and a beta of 0.65.
NextEra Energy (NYSE:NEE – Get Free Report) last issued its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.04. The company had revenue of $7.53 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current year.
NextEra Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 28th were paid a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, August 28th. NextEra Energy’s dividend payout ratio is 55.96%.
Hedge Funds Weigh In On NextEra Energy
Several institutional investors and hedge funds have recently added to or reduced their stakes in NEE. Pin Oak Investment Advisors Inc. purchased a new stake in NextEra Energy during the second quarter valued at approximately $26,000. Kilter Group LLC purchased a new position in NextEra Energy in the second quarter worth $25,000. Manning & Napier Advisors LLC purchased a new position in NextEra Energy in the second quarter worth $26,000. Financial Life Planners acquired a new position in shares of NextEra Energy during the first quarter worth $30,000. Finally, Osbon Capital Management LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth $27,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.
NextEra Energy Company Profile
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), it generates, transmits, distributes and sells electricity to customers in Florida. FPL serves residential, commercial and industrial customers across much of the state.
Through NextEra Energy Resources, the company develops, owns and operates power-generation and storage projects in the United States and Canada.
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