NextEra Energy (NEE) Stock Hits Record High — Is the Rally Still on?

TLDR

• NEE hit an all-time high of $97.63, up ~48% over the past year
• Q1 EPS came in at $1.09, beating the $1.03 consensus estimate
• Q1 revenue was $6.70B, up 7.3% YoY but below the $7.43B consensus
• Multiple analysts raised price targets, with BTIG going as high as $112
• Insiders sold ~$16M worth of stock over the last 90 days

NextEra Energy (NEE) touched an all-time high of $97.63 recently, capping a near 48% run over the past 12 months. The stock opened at $97.04 on Friday and carries a market cap of around $202 billion.

NextEra Energy, Inc., NEE

The move higher comes after a solid Q1 earnings report. NEE posted EPS of $1.09, beating the $1.03 consensus by $0.06. Revenue came in at $6.70 billion, up 7.3% year-over-year, though it fell short of the $7.43 billion Wall Street had expected.

Net income for the quarter hit $2.182 billion, with EPS more than doubling compared to the same period last year.

For the full year 2026, NEE guided for EPS in the range of $3.92 to $4.02. Analysts currently forecast $4.00 EPS for the year.

The company also raised its quarterly dividend to $0.6232 per share, up from $0.57 previously. That works out to $2.49 annualized, giving the stock a yield of around 2.6%. NEE has now raised its dividend for 30 consecutive years.

Analysts Turn More Bullish

Wall Street has been busy revising targets upward. BTIG raised its price target to $112. BMO Capital lifted its target to $104, citing strong renewables demand. Argus moved to $102 after NEE received approval to develop up to 10 GW of natural gas generation. Morgan Stanley holds an overweight rating with a $108 target.

Jefferies kept a hold rating and raised its target modestly to $93. Mizuho moved to $95 with a neutral rating.

The current average analyst price target sits at $97.63, roughly in line with where the stock is trading. Of the analysts covering NEE, 15 have a buy rating, one has a strong buy, and four have a hold. The consensus sits at “Moderate Buy.”

Weiss Ratings upgraded NEE from hold to buy on April 27th.

Institutional Buying and Insider Selling

Institutional investors own 78.72% of NEE. Horizon Investments LLC grew its position by 33.3% in Q4, adding 29,633 units to bring its total to 118,642, worth roughly $9.53 million.

Several smaller firms also initiated new positions in Q4, including Laurel Wealth Advisors, Strive Asset Management, and Joseph Group Capital Management.

On the other side of the ledger, insiders have been selling. CEO John Ketchum sold 99,603 units in February at an average price of $89.34, reducing his position by 24.56%. EVP Charles Sieving sold 30,000 units at $90.00, cutting his stake by 15.19%.

Total insider sales over the past 90 days came to roughly 179,990 units worth $16.16 million. Insiders now hold about 0.18% of the company.

NEE also signed an agreement with Graphic Packaging Holding to build a 250-megawatt solar plant in Texas. The NRC recently renewed licenses for the St. Lucie nuclear facility, extending operations into the 2050s and 2060s.

The 50-day moving average stands at $92.72, and the 200-day sits at $87.17. The stock’s one-year low was $63.88.

The post NextEra Energy (NEE) Stock Hits Record High — Is the Rally Still on? appeared first on CoinCentral.