Nextra EnergyNEE
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)
162% more first-time investments, than exits
New positions opened: 254 | Existing positions closed: 97
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: $128B [Q2] → $142B (+$14B) [Q3]
5% more funds holding
Funds holding: 2,494 [Q2] → 2,611 (+117) [Q3]
7% more repeat investments, than reductions
Existing positions increased: 1,070 | Existing positions reduced: 999
5% more call options, than puts
Call options by funds: $2.64B | Put options by funds: $2.52B
5.89% less ownership
Funds ownership: 87.6% [Q2] → 81.71% (-5.89%) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Scotiabank Andrew Weisel 50% 1-year accuracy 14 / 28 met price target | 36%upside $96 | Sector Outperform Maintained | 12 Dec 2024 |
Morgan Stanley David Arcaro 74% 1-year accuracy 28 / 38 met price target | 33%upside $94 | Overweight Maintained | 22 Nov 2024 |
Barclays Betty Jiang 52% 1-year accuracy 13 / 25 met price target | 16%upside $82 | Equal-Weight Maintained | 25 Oct 2024 |
Guggenheim Shahriar Pourreza 79% 1-year accuracy 15 / 19 met price target | 30%upside $92 | Buy Maintained | 24 Oct 2024 |
Financial journalist opinion
Based on 37 articles about NEE published over the past 30 days
