NextEra Energy (NYSE:NEE) Shares Up 1.3% – Here’s Why

NextEra Energy, Inc. (NYSE:NEE) shares shot up 1.3% on Tuesday . The company traded as high as $89.25 and last traded at $88.5590. 10,845,100 shares were traded during trading, an increase of 3% from the average daily volume of 10,528,002 shares. The stock had previously closed at $87.44.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NEE shares. HSBC lifted their target price on NextEra Energy from $103.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Mizuho raised their price objective on shares of NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Sanford C. Bernstein set a $107.00 target price on shares of NextEra Energy and gave the company an “outperform” rating in a research note on Tuesday, June 16th. Finally, Morgan Stanley increased their target price on shares of NextEra Energy from $111.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $99.90.

NextEra Energy Price Performance

The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54. The business has a 50-day simple moving average of $89.34 and a 200 day simple moving average of $88.68. The firm has a market cap of $184.68 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 2.59 and a beta of 0.67.

NextEra Energy (NYSE:NEE) last announced its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.06. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.43 billion. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were issued a $0.6232 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is presently 63.36%.

Institutional Trading of NextEra Energy

A number of hedge funds and other institutional investors have recently modified their holdings of NEE. Anfield Capital Management LLC grew its position in shares of 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 purchasing an additional 270 shares in the last quarter. Laurel Wealth Advisors LLC bought a new position in NextEra Energy in the 4th quarter worth approximately $25,000. Financial Life Planners bought a new position in NextEra Energy in the 1st quarter worth approximately $30,000. Wealth Watch Advisors INC grew its holdings in NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after buying an additional 226 shares in the last quarter. Finally, Manning & Napier Advisors LLC raised its position in shares of NextEra Energy by 104.9% during the first quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider’s stock valued at $31,000 after buying an additional 172 shares during the last quarter. 78.72% of the stock is 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.