This afternoon we watched NextEra Energy drop -2.6% to a price of $70.44 per share. The Large-Cap Data Processing Services company is now trading -10.15% below its average target price of $78.4. Analysts have set target prices ranging from $46.0 to $102.8 per share for NextEra Energy, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.6%, and a short ratio of 2.78. At 0.08%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that a significant number of institutional investors are invested in the stock, with 81.1% of NextEra Energy's shares being owned by this investor type.
Institutions Invested in NextEra Energy
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 10% | 199,010,011 | $14,018,265,660 |
| 2024-03-31 | Blackrock Inc. | 7% | 150,083,801 | $10,571,903,308 |
| 2024-03-31 | State Street Corporation | 5% | 105,182,752 | $7,409,073,307 |
| 2024-03-31 | JP Morgan Chase & Company | 4% | 75,727,543 | $5,334,248,313 |
| 2024-03-31 | Morgan Stanley | 3% | 56,714,319 | $3,994,956,768 |
| 2023-12-31 | Norges Bank Investment Management | 2% | 42,164,217 | $2,970,047,548 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 40,679,761 | $2,865,482,464 |
| 2024-03-31 | Bank of America Corporation | 2% | 32,194,569 | $2,267,785,518 |
| 2024-03-31 | FMR, LLC | 2% | 31,196,272 | $2,197,465,475 |
| 2024-03-31 | Wells Fargo & Company | 1% | 30,104,147 | $2,120,536,188 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on NextEra Energy.
