NextEra Energy (NYSE:NEE) Stock Price Down 1.5% – Here’s What Happened

Shares of NextEra Energy, Inc. (NYSE:NEE) were down 1.5% during trading on Monday . The company traded as low as $94.98 and last traded at $95.5260. Approximately 6,509,161 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 9,600,486 shares. The stock had previously closed at $96.95.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NEE shares. Mizuho raised their price objective on shares of NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Argus set a $92.00 price objective on shares of NextEra Energy and gave the company a “buy” rating in a research report on Wednesday, January 28th. Wells Fargo & Company set a $102.00 price objective on shares of NextEra Energy and gave the company an “overweight” rating in a research report on Friday, April 24th. HSBC lifted their target price on shares of NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, Seaport Research Partners dropped their target price on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.37.

NextEra Energy Stock Down 1.5%

The company has a market cap of $199.20 billion, a P/E ratio of 24.31, a P/E/G ratio of 2.85 and a beta of 0.73. The stock has a 50-day moving average of $92.72 and a two-hundred day moving average of $87.19. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.06. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.43 billion. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the business earned $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, research analysts anticipate that NextEra Energy, Inc. will post 4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were issued a dividend of $0.6232 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.49 annualized dividend and a dividend yield of 2.6%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s payout ratio is 63.36%.

Insider Activity at NextEra Energy

In related news, EVP Ronald R. Reagan sold 18,620 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the transaction, the executive vice president owned 9,643 shares of the company’s stock, valued at approximately $867,870. This trade represents a 65.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles E. Sieving sold 30,000 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the transaction, the executive vice president directly owned 167,481 shares in the company, valued at approximately $15,073,290. This represents a 15.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 179,990 shares of company stock worth $16,155,409 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On NextEra Energy

Several institutional investors and hedge funds have recently made changes to their positions in the business. Anfield Capital Management LLC grew its holdings in shares of NextEra Energy by 692.3% in 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 during the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter worth approximately $25,000. Financial Life Planners bought a new position in shares of NextEra Energy in the first quarter worth approximately $30,000. Wealth Watch Advisors INC grew its holdings in shares of NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 226 shares during the last quarter. Finally, Manning & Napier Advisors LLC grew its holdings in shares of NextEra Energy by 104.9% in the first quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 172 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

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.