NextEra Energy, Inc. (NYSE:NEE – Get Free Report)’s share price shot up 1% on Thursday . The company traded as high as $84.25 and last traded at $83.96. 11,281,096 shares were traded during trading, an increase of 7% from the average daily volume of 10,560,933 shares. The stock had previously closed at $83.10.
Analyst Upgrades and Downgrades
NEE has been the topic of several research reports. Morgan Stanley set a $114.00 price objective on NextEra Energy and gave the company an “overweight” rating in a research report on Friday, August 21st. BMO Capital Markets upped 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. Bank of America lowered their target price on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a research note on Monday, July 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, Wall Street Zen downgraded NextEra Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 22nd. Seventeen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $100.33.
Read Our Latest Stock Analysis on NEE
NextEra Energy Price Performance
NextEra Energy (NYSE:NEE – Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.04. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The firm had revenue of $7.53 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the prior year, the company posted $1.05 earnings per share. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, research analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.
NextEra Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be given a dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. NextEra Energy’s dividend payout ratio (DPR) is presently 55.96%.
Institutional Trading of NextEra Energy
Hedge funds and other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System increased its holdings in shares of NextEra Energy by 8,297.4% in the 2nd quarter. California State Teachers Retirement System now owns 222,175,185 shares of the utilities provider’s stock valued at $19,500,316,000 after acquiring an additional 219,529,415 shares during the last quarter. Norges Bank acquired a new stake in shares of NextEra Energy during the 4th quarter valued at approximately $2,816,327,000. Legal & General Group Plc bought a new position in NextEra Energy during the second quarter worth $1,465,987,000. GQG Partners LLC bought a new position in NextEra Energy during the second quarter worth $651,293,000. Finally, Canada Pension Plan Investment Board acquired a new position in NextEra Energy in the second quarter worth $389,527,000. 78.72% of the stock is owned by 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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