At the time of writing, NextEra Energy Inc [NEE] stock is trading at $63.79, up 3.84%. An important factor to consider is whether the stock is rising or falling in short-term value. The NEE shares have gain 2.56% over the last week, with a monthly amount glided 14.81%, and seem to be holding up well over a long-time horizon.
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On 14, March 2024, NextEra Energy to meet with investors throughout March. In a post published today on Yahoo Finance, NextEra Energy, Inc. (NYSE: NEE) today announced that members of the senior management team will participate in various investor meetings throughout March to discuss, among other things, long-term growth rate expectations for NextEra Energy. Investors and other interested parties can access related investor relations materials at www.NextEraEnergy.com/investors.
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.
For the past year, the stock price of NextEra Energy Inc fluctuated between $47.15 and $79.78. 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 $63.79 at the most recent close of the market. An investor can expect a potential return of 33.48% based on the average NEE price forecast.
Analyzing the NEE fundamentals
According to NextEra Energy Inc [NYSE:NEE], the company’s sales were 22.81B for trailing twelve months, which represents an 3.53% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.54.
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 62.59 points at the first support level, and at 61.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.42, and for the 2nd resistance point, it is at 65.06.
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
It is important to note that NextEra Energy Inc [NYSE:NEE] has a current ratio of 0.55. On the other hand, the Quick Ratio is 0.47, and the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 5.74, the price to book ratio is 2.76 and price to earnings (TTM) ratio is 17.69.
Transactions by insiders
Recent insider trading involved May James Michael, VP, Controller and CAO, that happened on Mar 13 ’24 when 1938.0 shares were sold. Director, HACHIGIAN KIRK S completed a deal on Feb 07 ’24 to buy 20000.0 shares. Meanwhile, Director, Pres & CEO of Sub Pimentel Armando Jr sold 91160.0 shares on Dec 14 ’23.
