Nextra Energy (NEE)

• Market cap: $147B
• 1 day: 2.72%
• 5 days: -2.75%
• 1 month: -6.78%
• 3 months: -13.40%
• 6 months: -1.09%
• Year to date: 16.40%
• 1 year: 19.77%
• 5 years: 18.11%
• 10 years: 170.55%
• Sector: Utilities
• Industry: Electric Services

About: NextEra Energy's regulated utility, Florida Power & Light, is the largest rate-regulated utility in Florida. The utility distributes power to nearly 6 million customer accounts in Florida and owns 34 gigawatts of generation. FP&L contributes roughly 70% of NextEra's consolidated operating earnings. NextEra Energy Resources, the renewable energy segment, generates and sells power throughout the United States and Canada with more than 34 GW of generation capacity, including natural gas, nuclear, wind, and solar.

Employees: 16,800

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

81% more first-time investments, than exits

New positions opened: 252 | Existing positions closed: 139

37% more funds holding in top 10

Funds holding in top 10: 54 [Q2] → 74 (+20) [Q3]

11% more capital invested

Capital invested by funds: $122B [Q2] → $135B (+$13.2B) [Q3]

5% more funds holding

Funds holding: 2,494 [Q2] → 2,607 (+113) [Q3]

7% more repeat investments, than reductions

Existing positions increased: 1,069 | Existing positions reduced: 997

5% more call options, than puts

Call options by funds: $2.61B | Put options by funds: $2.48B

5.68% less ownership

Funds ownership: 83.49% [Q2] → 77.82% (-5.68%) [Q3]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $82 14% upside
• Avg. target: $91 27% upside
• High target: $96 34% upside

5 analyst ratings

• positive: 4 80%
• neutral: 1 20%
• negative: 0 0%

Scotiabank Andrew Weisel 46% 1-year accuracy 13 / 28 met price target	34% upside $96	Sector Outperform Maintained	12 Dec 2024
Morgan Stanley David Arcaro 61% 1-year accuracy 23 / 38 met price target	31% upside $94	Overweight Maintained	22 Nov 2024
Barclays Betty Jiang 32% 1-year accuracy 8 / 25 met price target	14% upside $82	Equal-Weight Maintained	25 Oct 2024
Guggenheim Shahriar Pourreza 74% 1-year accuracy 14 / 19 met price target	28% upside $92	Buy Maintained	24 Oct 2024
BMO Capital James Thalacker 64% 1-year accuracy 49 / 77 met price target	27% upside $91	Outperform Maintained	18 Oct 2024