NextEra Energy Inc (NYSE: NEE) has a price-to-earnings ratio of 24.12x that is above its average ratio. Additionally, the 36-month beta value for NEE is 0.53. 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 2.05B and currently, short sellers hold a 1.64% ratio of that float. The average trading volume of NEE on July 29, 2024 was 11.52M shares.
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NEE) stock’s latest price update
NextEra Energy Inc (NYSE: NEE)’s stock price has gone rise by 1.12 in comparison to its previous close of 73.44, however, the company has experienced a 3.14% increase in its stock price over the last five trading days. fool.com reported 2024-07-28 that U.S. power demand is on track to surge over the next two decades. That should drive even more robust demand growth for renewable energy.
NEE’s Market Performance
NextEra Energy Inc (NEE) has seen a 3.14% rise in stock performance for the week, with a 1.21% gain in the past month and a 11.00% surge in the past quarter. The volatility ratio for the week is 2.70%, and the volatility levels for the past 30 days are at 2.42% for NEE. The simple moving average for the last 20 days is 2.57% for NEE’s stock, with a simple moving average of 17.11% for the last 200 days.
Analysts’ Opinion of NEE
Many brokerage firms have already submitted their reports for NEE stocks, with Mizuho repeating the rating for NEE by listing it as a “Neutral.” The predicted price for NEE in the upcoming period, according to Mizuho is $71 based on the research report published on June 12, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see NEE reach a price target of $66. The rating they have provided for NEE stocks is “Equal Weight” according to the report published on April 10th, 2024.
Citigroup gave a rating of “Buy” to NEE, setting the target price at $69 in the report published on December 08th of the previous year.
NEE Trading at 0.17% 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 -7.72% of loss for the given period.
Volatility was left at 2.42%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares surge +0.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.54% lower at present.
During the last 5 trading sessions, NEE rose by +3.14%, which changed the moving average for the period of 200-days by +50.57% in comparison to the 20-day moving average, which settled at $72.42. In addition, NextEra Energy Inc saw 22.26% 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 Sieving Charles E, who sale 51,723 shares at the price of $78.55 back on May 31 ’24. After this action, Sieving Charles E now owns 197,692 shares of NextEra Energy Inc, valued at $4,062,600 using the latest closing price.
May James Michael, the VP, Controller and CAO of NextEra Energy Inc, sale 1,938 shares at $59.00 during a trade that took place back on Mar 13 ’24, which means that May James Michael is holding 17,432 shares at $114,342 based on the most recent closing price.
Stock Fundamentals for NEE
Current profitability levels for the company are sitting at:
- 0.32 for the present operating margin
- 0.56 for the gross margin
The net margin for NextEra Energy Inc stands at 0.24. The total capital return value is set at 0.05. Equity return is now at value 13.45, with 3.58 for asset returns.
Based on NextEra Energy Inc (NEE), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 1.68. The interest coverage ratio of the stock is 5.43.
Currently, EBITDA for the company is 15.91 billion with net debt to EBITDA at 5.95. When we switch over and look at the enterprise to sales, we see a ratio of 9.0. The receivables turnover for the company is 4.48for trailing twelve months and the total asset turnover is 0.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.49.
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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
