NextEra Energy Inc [NEE] stock prices are up 3.39% to $63.79 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NEE shares have lost -0.34% over the last week, with a monthly amount glided 6.02%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
NextEra Energy Inc [NYSE: NEE] stock has seen the most recent analyst activity on April 10, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $66. Previously, Citigroup started tracking the stock with Buy rating on December 08, 2023, and set its price target to $69. On November 09, 2023, downgrade downgraded it’s rating to Sell but maintained its price target of $44 on the stock. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Goldman initiated its recommendation with a Buy and recommended $90 as its price target on June 08, 2023. BofA Securities downgraded its rating to Neutral for this stock on January 26, 2023, and downed its price target to $80. In a note dated September 06, 2022, Morgan Stanley upgraded an Overweight rating on this stock and boosted its target price from $94 to $99.
The stock price of NextEra Energy Inc [NEE] has been fluctuating between $47.15 and $79.78 over the past year. Currently, Wall Street analysts expect the stock to reach $83.21 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 30.44% based on the average NEE price forecast.
Analyzing the NEE fundamentals
The NextEra Energy Inc [NYSE:NEE] reported sales of 22.81B for trailing twelve months, representing a surge of 3.53%. 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 62.50 points at the first support level, and at 61.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.50, and for the 2nd resistance point, it is at 65.21.
Ratios To Look Out For
It’s worth pointing out that NextEra Energy Inc [NYSE:NEE]’s Current Ratio is 0.55. Also, the Quick Ratio is 0.47, while the Cash Ratio stands at 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.
