NextEra Energy Inc [NEE] stock prices are up 1.44% to $81.08 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NEE shares have gain 1.85% over the last week, with a monthly amount glided 5.74%, 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.
The stock price of NextEra Energy Inc [NEE] has been fluctuating between $47.15 and $81.18 over the past year. 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 $81.08 at the most recent close of the market. An investor can expect a potential return of 3.17% based on the average NEE price forecast.
Analyzing the NEE fundamentals
The NextEra Energy Inc [NYSE:NEE] reported sales of 24.47B for trailing twelve months, representing a surge of 8.52%. 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 80.42 points at the first support level, and at 79.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 81.64, and for the 2nd resistance point, it is at 82.20.
Ratios To Look Out For
It’s worth pointing out that NextEra Energy Inc [NYSE:NEE]’s Current Ratio is 0.49. In addition, the Quick Ratio stands at 0.41 and the Cash Ratio stands at 0.08. Considering the valuation of this stock, the price to sales ratio is 6.81, the price to book ratio is 3.39 and price to earnings (TTM) ratio is 26.33.
Transactions by insiders
Recent insider trading involved Pimentel Armando Jr, Director, Pres & CEO of Sub, that happened on Aug 26 ’24 when 99412.0 shares were sold. Officer, Pimentel Armando Jr completed a deal on Aug 26 ’24 to buy 99412.0 shares. Meanwhile, EVP, Human Res & Corp Svcs Daggs Nicole J sold 658.0 shares on Aug 01 ’24.
