NextEra Energy, Inc. (NYSE:NEE – Get Free Report) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $87.23 and traded as high as $88.79. NextEra Energy shares last traded at $88.3660, with a volume of 27,509,679 shares trading hands.
NextEra Energy News Summary
Here are the key news stories impacting NextEra Energy this week:
- Positive Sentiment: Clean-energy stocks rallied after Democrats won control of Congress, and the article says NextEra captured the rally. Its battery development and ability to supply power to data centers may help it benefit from rising electricity demand. NextEra Energy Vs. AES Corporation: Utility Scale Energy Production Just Got a Major Blue Boost
- Positive Sentiment: A Virginia Chamber of Commerce-commissioned study says the proposed Dominion merger could bring thousands of jobs to Virginia, adding an economic-benefit argument in support of the deal. Virginia Chamber of Commerce promotes study touting Dominion merger benefits
- Neutral Sentiment: NextEra said senior management will participate in the EEI Financial Conference Nov. 8–10. The announcement does not identify new financial guidance or a specific business update. NextEra Energy to participate in EEI Financial Conference
- Neutral Sentiment: Another report describes the Virginia merger review as advancing with safeguards, but the available headline does not detail the terms or indicate whether approval is assured. NextEra Energy stock gains safeguards as Virginia merger review advances
- Negative Sentiment: Faith leaders and community advocates urged Virginia regulators to reject NextEra’s proposed $67 billion acquisition of Dominion, highlighting opposition and continued regulatory risk around the transaction. Faith Leaders Urge SCC to Reject Dominion-NextEra Merger
Analyst Ratings Changes
NEE has been the topic of several recent research reports. Sanford C. Bernstein reiterated an “outperform” rating and set a $108.00 target price on shares of NextEra Energy in a research report on Wednesday, October 21st. Jefferies Financial Group reissued a “hold” rating on shares of NextEra Energy in a research report on Thursday, October 8th. HC Wainwright restated a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Weiss Ratings upgraded shares of NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 22nd. Finally, Scotiabank decreased their price objective on NextEra Energy from $110.00 to $99.00 and set an “outperform” rating on the stock in a report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $97.80.
View Our Latest Stock Analysis on NEE
NextEra Energy Stock Down 1.5%
The firm has a market cap of $182.30 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 2.63 and a beta of 0.60. The business’s 50-day moving average is $80.50 and its 200-day moving average is $87.27. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.45 and a current ratio of 0.53.
NextEra Energy (NYSE:NEE – Get Free Report) last released its quarterly earnings results on Wednesday, October 21st. The utilities provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The firm had revenue of $8.09 billion for the quarter, compared to analyst estimates of $8.47 billion. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 earnings per share. On average, equities analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current year.
NextEra Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 27th will be issued a $0.6232 dividend. The ex-dividend date of this dividend is Friday, November 27th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. NextEra Energy’s dividend payout ratio (DPR) is currently 44.86%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc purchased a new position in shares of NextEra Energy during the 2nd quarter valued at approximately $1,465,987,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in NextEra Energy by 5.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,302,084 shares of the utilities provider’s stock worth $1,430,834,000 after acquiring an additional 895,824 shares in the last quarter. Amundi increased its holdings in NextEra Energy by 46.5% in the 2nd quarter. Amundi now owns 13,329,077 shares of the utilities provider’s stock worth $1,169,839,000 after acquiring an additional 4,231,814 shares in the last quarter. Bessemer Group Inc. increased its holdings in NextEra Energy by 8.5% in the 1st quarter. Bessemer Group Inc. now owns 10,187,013 shares of the utilities provider’s stock worth $946,169,000 after acquiring an additional 799,546 shares in the last quarter. Finally, GQG Partners LLC acquired a new position in NextEra Energy during the second quarter worth $651,293,000. Institutional investors own 78.72% of the company’s stock.
About NextEra Energy
NextEra Energy, Inc is an energy company whose businesses include Florida Power & Light Company (FPL), a regulated electric utility, and NextEra Energy Resources, a developer and operator of energy infrastructure. FPL generates, transmits and distributes electricity to customers across Florida.
NextEra Energy Resources develops and operates projects in North America, including wind and solar generation, battery storage, and natural gas and nuclear facilities. The company also invests in transmission infrastructure and provides energy-related services.
The company traces its roots to 1925, when Florida Power & Light was established.
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