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NextEra Energy, Inc. — Intrinsic Value & Fair Price

NEE
NYSEUtilitiesRegulated ElectricCIK 0000753308nexteraenergy.comAbout NEE
Last close · Oct 16, 202679.80+0.84 (+1.06%)
Market cap$166.5B
Model value · P/E · own history
97.76
NextEra Energy closed at $79.80 — undervalued by 18% vs model.
78.69the model's range142.57

P/E · own history leads for a regulated utility. From its own five-year median P/E applied to its earnings.

Other models
1.52 – 86.72
Wall St. target
96.00 17% below
Below model, 1y
5 of 21 days

Price and model value

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What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
3.05%
Past 2 years
low 2.36%high 3.29%
Dividends per share, a year at a time
$1.51Aug ’21$1.66Aug ’22$1.83Aug ’23$2.01Aug ’24$2.21Aug ’25$2.44TTM
Coverage
—
Raised
30 years in a row
Growth, 5 yrs
10.1% a year
Last change
+10.0% · Feb 2026
Every payment, with ex-dates · latest $0.6232, paid Sep 15, 2026

Research on NEE

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How it is valued

Valued asRegulated utility
Low/slowing growth (~2% recent)High profitability (26% net margin)Pays dividendsHighly cyclical earnings
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for utilities
P/E
24.2×
EV / EBITDA
17.0×
FCF yield
1.9%
Dividend yield, TTM
3.05%
Beta
0.64
Cost of capital (WACC)
6.70%
Full financials

Analyst actions

third-party, quoted
10-14Morgan Stanley · target110.00
10-06Mizuho Securities · target80.00
10-02Seaport Global · target56.00
06-12Mizuho · “Neutral” from “Buy”downgrade
Ratings, targets and estimates

Comparable companies

by business, not by industry label
3 more companies list NEE as a comparable
Side by side:vs DUK

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just NEE. No account.

About NextEra Energy

NextEra Energy, Inc., operating through its diverse subsidiaries, is a prominent electric power provider in North America. The company's operations encompass the generation, transmission, distribution, and sale of electricity to both individual consumers and large-scale wholesale clients. Its energy portfolio is broad, featuring power generation from wind, solar, nuclear, coal, and natural gas facilities. Beyond direct power supply, NextEra Energy is actively involved in developing, constructing, and managing long-term contracted clean energy infrastructure, including renewable energy generation sites, battery storage solutions, and electric transmission networks. The firm also participates in the sale of energy commodities and oversees the development, construction, and operation of generation assets within competitive wholesale energy markets. As of December 31, 2021, NextEra Energy boasted a net generating capacity of approximately 28,564 megawatts. Its extensive infrastructure included about 77,000 circuit miles of transmission and distribution lines and 696 substations. Within Florida, the company delivers electricity to roughly 11 million individuals, serving approximately 5.7 million customer accounts across the state's eastern and lower western coastal regions. Founded in 1925, the company adopted its current name, NextEra Energy, Inc., in 2010, having previously operated as FPL Group, Inc. Its corporate headquarters are located in Juno Beach, Florida.

CEO
John W. Ketchum
Headquarters
Juno Beach, FL
Employees
17,400
IPO
2014-06-19
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.