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NYSE:NEE

NextEra Energy (NEE) Stock Price, News & Analysis

$61.71
-1.04 (-1.66%)
(As of 04/16/2024 ET)
Today's Range
$61.31
$62.58
50-Day Range
$54.97
$65.38
52-Week Range
$47.15
$79.78
Volume
11.59 million shs
Average Volume
11.82 million shs
Market Capitalization
$126.66 billion
P/E Ratio
17.09
Dividend Yield
3.34%
Price Target
$71.36

NextEra Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
15.8% Upside
$71.36 Price Target
Short Interest
Healthy
1.22% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.21
Upright™ Environmental Score
News Sentiment
0.82mentions of NextEra Energy in the last 14 days
Based on 26 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.65%
From $3.40 to $3.66 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.93 out of 5 stars

Utilities Sector

2nd out of 90 stocks

Electric Services Industry

1st out of 41 stocks

NEE stock logo

About NextEra Energy Stock (NYSE:NEE)

NextEra Energy, Inc. is the largest electric utility holding company in the US. It operates a network of power generation and distribution facilities that include fossil-fuel-generated and green energy. As of mid-2022, the company was capable of generating 58 GW of electricity with nearly 60% of the load produced by green sources including wind and solar. In their view, going green isn’t an option, it’s the solution. NextEra Energy has been recognized multiple times as a leader in clean energy and ESG practices and was ranked the #1 electric and gas utility on the Forbes list of Most Admired Companies.

The company is the result of several mergers that begin with FPL Group. FPL Group is now a subsidiary of NextEra Energy and the third-largest provider of electricity in the US servicing nearly half of Florida. FPL and its affiliates are the single largest provider of renewable energy generated from wind and sun. The group changed its name in 2010 following a decision to shift focus onto renewable energy sources.

Today, NextEra Energy, Inc through its subsidiary FPL serves about 12 million people in eastern and southwestern Florida. The company employs nearly 14,900 people who service 5.8 million accounts. The company is in business to generate, transmit, and distribute electricity to retail and wholesale clients. Electricity is generated through wind, solar, nuclear, natural gas, and coal-fired facilities.

The company is also engaged in the construction and operation of new facilities, specifically renewable power generation, storage, and delivery facilities, and can offer custom solutions tailored to any need. Offerings include tailored services to assist businesses with their transition to clean energy.

NextEra Energy also owns and operates 7 nuclear power stations in Florida, New Hampshire, and Wisconsin generating power for the wholesale market.

Unlike other companies that are targeting net-zero emissions, NextEra Energy has a plan to reach real zero and is investing heavily to reach that goal by 2045. The company had invested nearly $50 billion in green energy infrastructure and initiatives by mid-2022. The plan is to first work on reducing its own emissions and then take its knowledge and expertise to the world.

 

NEE Stock Price History

NEE Stock News Headlines

Can't believe it's happening again
One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.
How to Invest in Energy (NEE)
Energy keeps the world moving, from oil to gas to solar to wind. Learn about the types of energy investments, where to find them and which may be best for you.
How to Invest in Electric Cars Now and in the Future (NEE)
How do you invest in electric cars? Buy the stock of automakers or buy an exchange-traded fund? We’ll show you how to invest in electric cars.
Shifting Momentum in Utilities, Time to Buy?
In the exchange-traded funds (ETFs) world, the Utilities Select Sector SPDR Fund NYSE: XLU remains a significant player, although it has seen a modest performance this year, with gains of nearly 1% year-to-date. Despite this, the XLU exhibits intriguing technical signals, suggesting a potential breakout and momentum shift that investors should closely monitor.
Shifting Momentum in Utilities, Time to Buy? (NEE)
The XLU indicates a major potential momentum shift as it consolidates above its 200-day SMA, prompting investor attention to key levels and its top holdings.
Can't believe it's happening again
One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.
NextEra Energy (NEE) Set to Announce Earnings on Tuesday
Smart Money Is Betting Big In NEE Options
See More Headlines
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Company Calendar

Last Earnings
1/25/2024
Ex-Dividend for 3/15 Dividend
2/26/2024
Dividend Payable
3/15/2024
Today
4/16/2024
Next Earnings (Confirmed)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Electric Utilities
CUSIP
65339F10
Employees
16,800
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$71.36
High Stock Price Target
$96.00
Low Stock Price Target
$53.00
Potential Upside/Downside
+15.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
13 Analysts

Profitability

Net Income
$7.31 billion
Pretax Margin
25.92%

Debt

Sales & Book Value

Annual Sales
$28.11 billion
Cash Flow
$6.00 per share
Book Value
$28.16 per share

Miscellaneous

Outstanding Shares
2,052,430,000
Free Float
2,048,735,000
Market Cap
$126.66 billion
Optionable
Optionable
Beta
0.51

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Should I Buy NextEra Energy Stock? NEE Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in NextEra Energy, Inc.:

  • NextEra Energy, Inc. is a leading clean energy company with a diversified portfolio that includes wind, solar, nuclear, natural gas, and other clean energy sources, positioning it well in the transition to renewable energy.
  • The company has a strong track record of developing, constructing, and operating long-term contracted assets, providing stable revenue streams and long-term growth potential.
  • NextEra Energy, Inc. operates in wholesale energy markets, allowing it to capitalize on market opportunities and optimize its energy generation and sales strategies.
  • With approximately 33,276 megawatts of net generating capacity and a significant presence in transmission and distribution infrastructure, NextEra Energy, Inc. has the scale and capabilities to meet the energy needs of millions of customers.
  • Investors may find NextEra Energy, Inc. attractive due to its consistent dividend payments and potential for capital appreciation, making it a compelling investment option for income and growth-oriented investors.

Cons

Investors should be bearish about investing in NextEra Energy, Inc. for these reasons:

  • Fluctuations in energy commodity prices, regulatory changes, and environmental policies could impact NextEra Energy, Inc.'s profitability and operational performance, leading to potential risks for investors.
  • The energy sector is subject to market volatility and geopolitical factors, which could affect NextEra Energy, Inc.'s financial performance and stock price.
  • Investors should carefully consider the impact of interest rate changes on NextEra Energy, Inc.'s financing costs and overall business operations, as higher interest rates could increase the company's borrowing expenses.
  • Competitive pressures in the energy industry and the emergence of new technologies could pose challenges to NextEra Energy, Inc.'s market position and growth prospects, impacting investor returns.
  • Given the current stock price and market conditions, investors should conduct thorough research and analysis to assess the valuation and potential risks associated with investing in NextEra Energy, Inc. before making investment decisions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these NextEra Energy pros and cons to contact@marketbeat.com.

NEE Stock Analysis - Frequently Asked Questions

Should I buy or sell NextEra Energy stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NextEra Energy in the last year. There are currently 1 sell rating, 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NEE shares.
View NEE analyst ratings
or view top-rated stocks.

What is NextEra Energy's stock price target for 2024?

13 equities research analysts have issued twelve-month price objectives for NextEra Energy's shares. Their NEE share price targets range from $53.00 to $96.00. On average, they anticipate the company's stock price to reach $71.36 in the next twelve months. This suggests a possible upside of 15.8% from the stock's current price.
View analysts price targets for NEE
or view top-rated stocks among Wall Street analysts.

How have NEE shares performed in 2024?

NextEra Energy's stock was trading at $60.74 at the beginning of the year. Since then, NEE stock has increased by 1.4% and is now trading at $61.60.
View the best growth stocks for 2024 here
.

When is NextEra Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our NEE earnings forecast
.

How can I listen to NextEra Energy's earnings call?

NextEra Energy will be holding an earnings conference call on Tuesday, April 23rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were NextEra Energy's earnings last quarter?

NextEra Energy, Inc. (NYSE:NEE) issued its quarterly earnings data on Thursday, January, 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.03. The utilities provider earned $6.88 billion during the quarter, compared to analysts' expectations of $5.72 billion. NextEra Energy had a trailing twelve-month return on equity of 11.73% and a net margin of 26.00%. During the same quarter last year, the business posted $0.51 earnings per share.
Read the conference call transcript
.

How often does NextEra Energy pay dividends? What is the dividend yield for NextEra Energy?

NextEra Energy declared a quarterly dividend on Friday, February 16th. Shareholders of record on Tuesday, February 27th will be paid a dividend of $0.515 per share on Friday, March 15th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Monday, February 26th. This is a positive change from the stock's previous quarterly dividend of $0.47.
Read our dividend analysis for NEE
.

Is NextEra Energy a good dividend stock?

NextEra Energy (NYSE:NEE) pays an annual dividend of $2.06 per share and currently has a dividend yield of 3.27%. The company has been increasing its dividend for 30 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 57.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NEE will have a dividend payout ratio of 56.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NEE.

When did NextEra Energy's stock split?

Shares of NextEra Energy split before market open on Tuesday, October 27th 2020. The 4-1 split was announced on Monday, September 14th 2020. The newly created shares were distributed to shareholders after the closing bell on Monday, October 26th 2020. An investor that had 100 shares of stock prior to the split would have 400 shares after the split.

What guidance has NextEra Energy issued on next quarter's earnings?

NextEra Energy issued an update on its FY 2026 earnings guidance on Friday, January, 26th. The company provided earnings per share (EPS) guidance of 3.630-4.000 for the period. The company issued revenue guidance of -.

What is James L. Robo's approval rating as NextEra Energy's CEO?

268 employees have rated NextEra Energy Chief Executive Officer James L. Robo on Glassdoor.com. James L. Robo has an approval rating of 87% among the company's employees.

What other stocks do shareholders of NextEra Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other NextEra Energy investors own include AT&T (T), Johnson & Johnson (JNJ), NVIDIA (NVDA), Walt Disney (DIS), AbbVie (ABBV), Cisco Systems (CSCO), Home Depot (HD), Verizon Communications (VZ), Intel (INTC) and JPMorgan Chase & Co. (JPM).

Who are NextEra Energy's major shareholders?

NextEra Energy's stock is owned by a variety of retail and institutional investors. Top institutional investors include Wealth Enhancement Advisory Services LLC (0.05%), Welch Group LLC (0.04%), Guinness Asset Management LTD (0.03%), Cardinal Capital Management Inc. (0.02%), Global Assets Advisory LLC (0.02%) and Czech National Bank (0.02%). Insiders that own company stock include Amy B Lane, Armando Pimentel Jr, Charles E Sieving, Deborah H Caplan, Eric E Silagy, James L Robo, James L Robo, James Lawrence Camaren, John W Ketchum, Kirk S Hachigian, Miguel Arechabala, Naren K Gursahaney, Nextera Energy Inc, Nicole S Arnaboldi, Rebecca J Kujawa, Robert Coffey, Ronald R Reagan and Terrell Kirk Crews II.
View institutional ownership trends
.

How do I buy shares of NextEra Energy?

Shares of NEE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does NextEra Energy have any subsidiaries?
The following companies are subsidiares of NextEra Energy: Florida City Gas, Florida Power & Light Company, Gulf Power, Gulf Power Company, NextEra Energy Capital Holdings Inc., NextEra Energy Resources LLC, Oncor Electric Delivery Company, Palms Insurance Company Limited, Palms SC Insurance Company LLC, Smart Energy Capital, and WindLogics.
Read More
This page (NYSE:NEE) was last updated on 4/16/2024 by MarketBeat.com Staff

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