Currently, NextEra Energy Inc [NEE] is trading at $77.08, up 0.90%. 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 3.80% over the last week, with a monthly amount drifted -8.27%, and not 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 September 19, 2024, when Jefferies initiated its Hold rating and assigned the stock a price target of $87. Previously, Mizuho downgraded its rating to Neutral on June 12, 2024, and kept the price target unchanged to $71. On April 10, 2024, Barclays initiated with a Equal Weight rating and assigned a price target of $66 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $69 on December 08, 2023. Seaport Research Partners downgraded its rating to a Sell but $44 remained the price target by the analyst firm on November 09, 2023. KeyBanc Capital Markets downgraded its rating to Sector Weight for this stock on October 05, 2023. In a note dated June 08, 2023, Goldman initiated an Buy rating and provided a target price of $90 on this stock.
This stock has fluctuated between a low of $53.95 and a high of $86.10 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $84.53 within the next 12 months. NextEra Energy Inc [NYSE: NEE] shares were valued at $77.08 at the most recent close of the market. An investor can expect a potential return of 9.67% based on the average NEE price forecast.
Analyzing the NEE fundamentals
Trailing Twelve Months sales for NextEra Energy Inc [NYSE:NEE] were 23.66B which represents -10.90% decline. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.23%, 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 0.14 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.65.
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 76.09 points at the first support level, and at 75.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.69, and for the 2nd resistance point, it is at 78.31.
Ratios To Look Out For
To put it in perspective, the Current Ratio for NextEra Energy Inc [NYSE:NEE] is 0.41. Also, the Quick Ratio is 0.33, while the Cash Ratio stands at 0.08. Considering the valuation of this stock, the price to sales ratio is 6.70, the price to book ratio is 3.17 and price to earnings (TTM) ratio is 22.81.
Transactions by insiders
Recent insider trading involved Daggs Nicole J, EVP, Human Res & Corp Svcs, that happened on Nov 12 ’24 when 4007.0 shares were sold. Officer, Daggs Nicole J completed a deal on Nov 12 ’24 to buy 4007.0 shares. Meanwhile, EVP, Chief Legal Sieving Charles E sold 37588.0 shares on Sep 16 ’24.
