In the past week, NEE stock has gone down by -2.20%, with a monthly gain of 3.69% and a quarterly surge of 3.86%. The volatility ratio for the week is 2.36%, and the volatility levels for the last 30 days are 2.58% for NextEra Energy Inc The simple moving average for the past 20 days is 3.77% for NEE’s stock, with a 19.91% simple moving average for the past 200 days.
Is It Worth Investing in NextEra Energy Inc (NYSE: NEE) Right Now?
NextEra Energy Inc (NYSE: NEE) has a higher price-to-earnings ratio of 25.15x compared to its average ratio, The 36-month beta value for NEE is at 0.54. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 5 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for NEE is 2.05B, and currently, shorts hold a 1.58% of that float. The average trading volume for NEE on August 12, 2024 was 11.24M shares.
NEE) stock’s latest price update
The stock price of NextEra Energy Inc (NYSE: NEE) has plunged by -0.10 when compared to previous closing price of 77.54, but the company has seen a -2.20% decline in its stock price over the last five trading sessions. zacks.com reported 2024-08-09 that Investors looking for stocks in the Utility – Electric Power sector might want to consider either FirstEnergy (FE) or NextEra Energy (NEE). But which of these two stocks offers value investors a better bang for their buck right now?
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 4.43% 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 -3.85% of loss for the given period.
Volatility was left at 2.58%, however, over the last 30 days, the volatility rate increased by 2.36%, as shares surge +1.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.02% upper at present.
During the last 5 trading sessions, NEE fell by -2.20%, which changed the moving average for the period of 200-days by +50.35% in comparison to the 20-day moving average, which settled at $74.72. In addition, NextEra Energy Inc saw 27.53% 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 Daggs Nicole J, who proposed sale 658 shares at the price of $76.97 back on Aug 01 ’24. After this action, Daggs Nicole J now owns shares of NextEra Energy Inc, valued at $50,646 using the latest closing price.
Daggs Nicole J, the EVP, Human Res & Corp Svcs of NextEra Energy Inc, sale 658 shares at $76.97 during a trade that took place back on Aug 01 ’24, which means that Daggs Nicole J is holding 100 shares at $50,646 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 9.26. 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 had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
