NextEra Energy Inc [NEE] stock is trading at $56.25, up 1.30%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NEE shares have gain 1.92% over the last week, with a monthly amount glided 0.04%, and seem to be holding up well over a long-time horizon.
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On 4, March 2024, NextEra Energy and NextEra Energy Partners to meet with investors in early to mid-March. In a post published today on Yahoo Finance, NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) today announced that members of the senior management team will participate in various investor meetings in early to mid-March. They plan to discuss, among other things, long-term growth rate expectations for NextEra Energy and NextEra Energy Partners reaffirming those presented on the Jan. 25, 2024, fourth-quarter and full-year 2023 financial results call. Investors and other interested parties can access a copy of the Jan. 25, 2024, news release and presentation materials at www.NextEraEnergy.com/investors or www.NextEraEnergyPartners.com.
From an analyst’s perspective:
NextEra Energy Inc [NYSE: NEE] stock has seen the most recent analyst activity on December 08, 2023, when Citigroup initiated its Buy rating and assigned the stock a price target of $69. Previously, Seaport Research Partners downgraded its rating to Sell on November 09, 2023, and kept the price target unchanged to $44. On October 05, 2023, downgrade downgraded it’s rating to Sector Weight. Goldman started tracking the stock assigning a Buy rating and suggested a price target of $90 on June 08, 2023. BofA Securities downgraded its rating to a Neutral and reduced its price target to $80 on January 26, 2023. Morgan Stanley upgraded its rating to Overweight for this stock on September 06, 2022, and upped its price target to $99. In a note dated July 26, 2022, Seaport Research Partners downgraded an Neutral rating on this stock.
NextEra Energy Inc [NEE] stock has fluctuated between $47.15 and $79.78 over the past year. Currently, Wall Street analysts expect the stock to reach $85.15 within the next 12 months. NextEra Energy Inc [NYSE: NEE] shares were valued at $56.25 at the most recent close of the market. An investor can expect a potential return of 51.38% based on the average NEE price forecast.
Analyzing the NEE fundamentals
NextEra Energy Inc [NYSE:NEE] reported sales of 19.84B for the trailing twelve months, which represents a drop of -54.58%. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.36%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.16 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.54.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 55.70 points at the first support level, and at 55.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.64, and for the 2nd resistance point, it is at 57.02.
NextEra Energy Inc [NEE] reported earnings per share of $0.52 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.49/share, meaning a difference of $0.03 and a surprise factor of 6.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.94 per share as compared to estimates of $0.87 per share, a difference of $0.07 representing a surprise of 8.00%.
Ratios To Look Out For
For context, NextEra Energy Inc’s Current Ratio is 0.55. As well, the Quick Ratio is 0.47, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 5.82, the price to book ratio is 2.43 and price to earnings (TTM) ratio is 15.60.
Transactions by insiders
Recent insider trading involved HACHIGIAN KIRK S, Director, that happened on Feb 07 ’24 when 20000.0 shares were purchased. Director, Pres & CEO of Sub, Pimentel Armando Jr completed a deal on Dec 14 ’23 to sell 91160.0 shares. Meanwhile, Director Arnaboldi Nicole S bought 8500.0 shares on Dec 08 ’23.
