The stock price of NextEra Energy Inc (NYSE: NEE) has jumped by 0.45 compared to previous close of 64.01. Despite this, the company has seen a gain of 1.93% in its stock price over the last five trading days. The Motley Fool reported 2024-04-20 that NextEra Energy has increased its dividend at a rapid clip for years. Black Hills has a higher dividend yield and a longer string of annual dividend increases.
Is It Worth Investing in NextEra Energy Inc (NYSE: NEE) Right Now?
NextEra Energy Inc (NYSE: NEE) has a price-to-earnings ratio of 17.83x that is above its average ratio. Additionally, the 36-month beta value for NEE is 0.51. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 5 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for NEE is 2.04B and currently, short sellers hold a 1.22% ratio of that float. The average trading volume of NEE on April 22, 2024 was 12.32M shares.
NEE’s Market Performance
NEE’s stock has seen a 1.93% increase for the week, with a 3.38% rise in the past month and a 12.29% gain in the past quarter. The volatility ratio for the week is 2.51%, and the volatility levels for the past 30 days are at 2.15% for NextEra Energy Inc. The simple moving average for the past 20 days is 1.65% for NEE’s stock, with a 4.20% simple moving average for the past 200 days.
Analysts’ Opinion of NEE
Many brokerage firms have already submitted their reports for NEE stocks, with Barclays repeating the rating for NEE by listing it as a “Equal Weight.” The predicted price for NEE in the upcoming period, according to Barclays is $66 based on the research report published on April 10, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see NEE reach a price target of $69. The rating they have provided for NEE stocks is “Buy” according to the report published on December 08th, 2023.
Seaport Research Partners gave a rating of “Sell” to NEE, setting the target price at $44 in the report published on November 09th of the previous year.
NEE Trading at 7.94% from the 50-Day Moving Average
After a stumble in the market that brought NEE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.40% of loss for the given period.
Volatility was left at 2.15%, however, over the last 30 days, the volatility rate increased by 2.51%, as shares surge +4.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.05% upper at present.
During the last 5 trading sessions, NEE rose by +1.93%, which changed the moving average for the period of 200-days by -14.21% in comparison to the 20-day moving average, which settled at $63.40. In addition, NextEra Energy Inc saw 5.86% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NEE starting from May James Michael, who sale 1,938 shares at the price of $59.00 back on Mar 13 ’24. After this action, May James Michael now owns 17,432 shares of NextEra Energy Inc, valued at $114,342 using the latest closing price.
HACHIGIAN KIRK S, the Director of NextEra Energy Inc, purchase 20,000 shares at $55.84 during a trade that took place back on Feb 07 ’24, which means that HACHIGIAN KIRK S is holding 25,000 shares at $1,116,700 based on the most recent closing price.
Stock Fundamentals for NEE
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 0.64 for the gross margin
The net margin for NextEra Energy Inc stands at 0.26. The total capital return value is set at 0.07. Equity return is now at value 16.86, with 4.35 for asset returns.
Based on NextEra Energy Inc (NEE), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 1.54. The interest coverage ratio of the stock is 3.08.
Currently, EBITDA for the company is 15.91 billion with net debt to EBITDA at 4.42. When we switch over and look at the enterprise to sales, we see a ratio of 7.2. The receivables turnover for the company is 4.65for trailing twelve months and the total asset turnover is 0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.55.
Conclusion
In conclusion, NextEra Energy Inc (NEE) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
