A share price of NextEra Energy Inc [NEE] is currently trading at $74.28, down -0.08%. 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 gain 3.01% over the last week, with a monthly amount glided 4.90%, 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 June 12, 2024, when Mizuho downgraded its rating to a Neutral but kept the price target unchanged to $71 for it. Previously, Barclays started tracking the stock with Equal Weight rating on April 10, 2024, and set its price target to $66. On December 08, 2023, Citigroup initiated with a Buy rating and assigned a price target of $69 on the stock. Seaport Research Partners downgraded its rating to a Sell but stick to its price target of $44 on November 09, 2023. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Goldman started tracking with a Buy rating for this stock on June 08, 2023, and assigned it a price target of $90. In a note dated January 26, 2023, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $94 to $80.
NextEra Energy Inc experienced fluctuations in its stock price throughout the past year between $47.15 and $80.47. Currently, Wall Street analysts expect the stock to reach $83.65 within the next 12 months. NextEra Energy Inc [NYSE: NEE] shares were valued at $74.28 at the most recent close of the market. An investor can expect a potential return of 12.61% based on the average NEE price forecast.
Analyzing the NEE fundamentals
Trailing Twelve Months sales for NextEra Energy Inc [NYSE:NEE] were 24.47B which represents 8.52% growth. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.13 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.68.
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 73.48 points at the first support level, and at 72.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.80, and for the 2nd resistance point, it is at 75.33.
Ratios To Look Out For
To put it in perspective, the Current Ratio for NextEra Energy Inc [NYSE:NEE] is 0.49. Also, the Quick Ratio is 0.41, while the Cash Ratio stands at 0.08. Considering the valuation of this stock, the price to sales ratio is 6.24, the price to book ratio is 3.11 and price to earnings (TTM) ratio is 24.12.
Transactions by insiders
Recent insider trading involved Sieving Charles E, EVP, Chief Legal, that happened on May 31 ’24 when 51723.0 shares were sold. VP, Controller and CAO, May James Michael completed a deal on Mar 13 ’24 to sell 1938.0 shares. Meanwhile, Director HACHIGIAN KIRK S bought 20000.0 shares on Feb 07 ’24.
