# NextEra Energy, Inc. (NEE)

> Source: Nexqual · https://nexqual.com/NEE · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, NextEra Energy, Inc. (NEE), nexqual.com/NEE" · informational, not investment advice.

**Price:** USD 81.9 (+4.62% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 78.28 · day 78.64–82.19 · 52w 74.41–98.75 · market cap $171B · NYQ

## Key facts
- Last four reported quarters (through Sep 30, 2026): revenue $27.0B, net income $11.6B (43.1% margin) (SEC filings).
- Valuation: P/E 14.7x (avg 20.8x at the last 3 fiscal year-ends), EV/EBITDA 18.0x, net debt $100B.
- 4 of 80 tracked superinvestors hold NEE (13F, Q2 2026 (1 investor on Q3 2026, filed early)): 0 new, 2 added, 2 reduced, 0 unchanged.
- Analysts: Buy (mean 2.23 on a 1–5 scale) (22 analysts), mean target USD 94.58 (range 56–110).
- Total return with dividends: 1Y +1.2% vs S&P 500 +14.9%; 5Y +11.0% vs S&P 500 +80.3%.
- Next earnings: 2026-10-21, EPS estimate USD 0.58, revenue estimate $8.84B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $18.8B | $23.0B | $24.8B | $23.5B | $25.8B | $27.0B |
| Operating income | $2.91B | $4.08B | $10.2B | $7.48B | $8.28B | $8.66B |
| Net income | $3.57B | $4.15B | $7.31B | $6.95B | $6.83B | $11.6B |
| EPS (diluted) | $1.81 | $2.10 | $3.60 | $3.37 | $3.30 | — |
| Operating margin | 15.5% | 17.7% | 41.3% | 31.8% | 32.1% | 32.1% |
| Net margin | 19.0% | 18.0% | 29.5% | 29.6% | 26.5% | 43.1% |
| Revenue growth | +10.6% | +22.3% | +7.8% | -5.2% | +9.8% | — |
| Cash + short-term investments | $639M | $1.60B | $2.69B | $1.49B | $2.81B | — |
| Total debt | $52.7B | $61.9B | $68.3B | $80.4B | $93.1B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Sep 30, 2026)
P/E 14.7x · P/S 6.3x · EV/EBITDA 18.0x · EV/Sales 10.1x · P/B 2.8x · Earnings yield 6.81% · Dividend yield (paid, TTM) 2.98% · Net debt $100B · EV $271B
P/E at fiscal year-ends: Dec 2025 24.3x, Dec 2024 21.3x, Dec 2023 16.9x.

## Superinvestors (SEC 13F-HR, Q2 2026)
4 of 80 tracked investors hold NEE (1 investor on Q3 2026, filed early). Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change | Quarter |
|---|---|---|---|---|---|
| Torray Funds |  | 2.81% | $20.9M | Added +19.1% | Q2 2026 |
| David Katz | Matrix Asset Advisors | 1.63% | $19.8M | Added +10.0% | Q3 2026 |
| Mairs & Power | Mairs & Power Funds | 0.01% | $1.1M | Reduced -1.4% | Q2 2026 |
| Dodge & Cox Funds | Dodge & Cox | <0.01% | $2.0M | Reduced -2.5% | Q2 2026 |

## Analysts
Consensus Buy (mean 2.23 on a 1–5 scale), 22 analysts; mean target USD 94.58 (low 56, high 110).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Bernstein | Reiterated | Outperform | $108 |
| 2026-10-20 | BMO Capital | Target lowered | Outperform | $93 → $88 |
| 2026-10-19 | Barclays | Target lowered | Equal-Weight | $91 → $84 |
| 2026-10-14 | Morgan Stanley | Target lowered | Overweight | $111 → $110 |
| 2026-10-06 | Mizuho | Target lowered | Neutral | $95 → $80 |
| 2026-10-02 | Seaport Global | Target raised | Sell | $55 → $56 |
| 2026-09-18 | Morgan Stanley | Target lowered | Overweight | $114 → $111 |
| 2026-08-21 | Morgan Stanley | Target lowered | Overweight | $116 → $114 |
| 2026-07-27 | BMO Capital | Target raised | Outperform | $94 → $96 |
| 2026-07-20 | BMO Capital | Target lowered | Outperform | $102 → $95 |
| 2026-07-13 | B of A Securities | Target lowered | Neutral | $95 → $93 |
| 2026-07-07 | Barclays | Target raised | Equal-Weight | $90 → $91 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +1.2% | +11.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +1.2% | +2.1% |
| Volatility (annualized) | 21.3% | 26.9% |
| Max drawdown | -21.7% (Apr 2026→Sep 2026) | -43.9% (Dec 2021→Oct 2023) |

## Peers (Utilities - Regulated Electric)
SO (Southern Company (The)) USD 93.82 +3.79% · DUK (Duke Energy Corporation (Holdin) USD 125.4 +3.92% · NGG (National Grid Transco, PLC Nati) USD 82.64 +2.30% · AEP (American Electric Power Company) USD 130.64 +2.55% · D (Dominion Energy, Inc.) USD 65.4 +4.93% · ETR (Entergy Corporation) USD 108.19 +1.99%

## More
Full page: https://nexqual.com/NEE · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name NEE in their own reports (relationship from NEE's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| customer | JinkoSolar Holding Co., Ltd. (JKS) | 20-F 2026-04-29 | "In January 2018, we entered into a master solar module supply agreement (the "Master Agreement") with NextEra Energy, Inc., or NextEra." |
| partner | EQT Corp (EQT) | 10-K 2026-02-18 | "As of December 31, 2025, MVP A's members consisted of the Midstream Joint Venture and affiliates of each of NextEra Energy, Inc. (NextEra), Con Edison Gas Pipeline and Storage, LLC (ConEd), AltaGas Lt…" |
| partner | XPLR Infrastructure, LP (XIFR) | 10-K 2026-02-17 | "(b) At December 31, 2025, NEE Equity owns approximately 51.2% of XPLR OpCo's common units representing limited partnership interests and 100% of XPLR OpCo's Class P units." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $0.58 | $0.65 | -10.6% | $8.84B | 12 |
| Next quarter (ends 2027-03-31) | $1.08 | $1.08 | +0.7% | $7.81B | 9 |
| Current fiscal year (ends 2026-12-31) | $4.03 | $4.04 | -0.2% | $30.76B | 21 |
| Next fiscal year (ends 2027-12-31) | $4.38 | $4.40 | -0.5% | $34.31B | 23 |