Wall Street Analysts' Outlook on NextEra Energy

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.