Reading the tape
NYSE: NEE
NextEra Energy, Inc.
Utilities · Regulated Electric
Market Cap
$202.17B
52w High
$98.75
52w Low
$63.88
P/E
24.75
Volume
7.10M
Outstanding Shares
2.09B
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: 46.78%Revenue (TTM): 11.55%FCF (TTM): -46.36%P/FCF: 87th pct
What changed
The stock rose 46.78% over the last year. Revenue grew 11.55% over the trailing twelve months. Operating margin moved from 30.56% to 29.2%. Free cash flow declined 46.36% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 29.2%. A decisive move in revenue — currently up 11.55% — would be the clearest signal to resolve the ambiguity.
Company profile
NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America.
CEOJohn W. Ketchum
SectorUtilities
IndustryRegulated Electric
Employees16,800
IPO dateJun 19, 2014
Valuation
Forward P/E—
EV/EBITDA16.12
Enterprise value$260.51B
Stock splits
Oct 27, 2020↑ Forward
Every 1 shares became 4
Mar 16, 2005↑ Forward
Every 1 shares became 2
Jan 31, 1985↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth11.38%
Gross margin67.32%▲4.56%vs FY2024
Operating margin29.2%▼0.26%vs FY2024
ROE12.51%▼9.73%vs FY2024
Analyst consensus
RatingBuy
Target price$98.13▲1.22%
23
Buy
12
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 22, 2026
Q3 FY26 · EPS est $1.09 · Revenue est $8.02B
View
Dividends
$2.32/shareQuarterlyDividend Aristocrat · 31yrStretchedNEE pays a dividend with a 2.4% dividend yield, 31 consecutive years of growth, growing at 10.11% annually, covered 0.7× by free cash flow.
Dividend Yield
2.4%
Annual Div / Share
$2.32
5yr CAGR
+10.11%
Doubles every ~7.2yr
Payout Ratio
58.83%
Stretched
Dividend Growth Rate
3yr CAGR
+10.05%
5yr CAGR
+10.11%
10yr CAGR
+11.32%
Dividend Safety
5/10Stretched
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$2.32+10.0%
2024$2.11+10.1%
2023$1.92+10.0%
2022$1.74+10.3%
2021$1.58+10.1%
2020$1.44+11.5%
2019$1.29+12.4%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$24/yr
$2/mo
In 5 yrs
$39/yr+62%
$3/mo
In 10 yrs
$63/yr+162%
$5/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$24/yr $2/mo | $39/yr+62% $3/mo | $63/yr+162% $5/mo |
Yield-on-cost grows from 2.4% → 6.28% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
NEE has raised its dividend for 31 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Strong dividend growth rate
The 5-year CAGR of 10.11% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only 0.69× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.
Congressional Activity
Congress Trades in NEE
STOCK Act disclosures from senators and representatives.
Rick Larsen
WAhouseDemocratPurchase2026-04-07$1,001 - $15,000+9d to disclose- RM
Richard Dean Dr McCormick
GAhouseSale (Partial)2026-03-19$1,001 - $15,000+19d to disclose