NextEra Energy Inc (NYSE: NEE) has a price-to-earnings ratio that is above its average at 22.59x. The stock has a 36-month beta value of 0.55. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 7 as “overweight,” 8 as “hold,” and 1 as “sell.”
The public float for NEE is 2.05B, and at present, short sellers hold a 1.57% of that float. On November 18, 2024, the average trading volume of NEE was 9.69M shares.
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NEE) stock’s latest price update
The stock of NextEra Energy Inc (NYSE: NEE) has increased by 1.42 when compared to last closing price of 75.28.Despite this, the company has seen a loss of -0.81% in its stock price over the last five trading days. zacks.com reported 2024-11-13 that NextEra (NEE) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock’s prospects.
NEE’s Market Performance
NextEra Energy Inc (NEE) has seen a -0.81% fall in stock performance for the week, with a -8.87% decline in the past month and a -3.78% plunge in the past quarter. The volatility ratio for the week is 2.33%, and the volatility levels for the past 30 days are at 2.29% for NEE. The simple moving average for the last 20 days is -3.00% for NEE’s stock, with a simple moving average of 5.61% for the last 200 days.
Analysts’ Opinion of NEE
Many brokerage firms have already submitted their reports for NEE stocks, with Jefferies repeating the rating for NEE by listing it as a “Hold.” The predicted price for NEE in the upcoming period, according to Jefferies is $87 based on the research report published on September 19, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see NEE reach a price target of $71. The rating they have provided for NEE stocks is “Neutral” according to the report published on June 12th, 2024.
Barclays gave a rating of “Equal Weight” to NEE, setting the target price at $66 in the report published on April 10th of the current year.
NEE Trading at -6.35% 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 -11.32% of loss for the given period.
Volatility was left at 2.29%, however, over the last 30 days, the volatility rate increased by 2.33%, as shares sank -9.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.54% lower at present.
During the last 5 trading sessions, NEE fell by -0.81%, which changed the moving average for the period of 200-days by +27.78% in comparison to the 20-day moving average, which settled at $78.71. In addition, NextEra Energy Inc saw 25.70% 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 sale 4,007 shares at the price of $75.57 back on Nov 12 ’24. After this action, Daggs Nicole J now owns 15,792 shares of NextEra Energy Inc, valued at $302,809 using the latest closing price.
Daggs Nicole J, the Officer of NextEra Energy Inc, proposed sale 4,007 shares at $75.57 during a trade that took place back on Nov 12 ’24, which means that Daggs Nicole J is holding shares at $302,809 based on the most recent closing price.
Stock Fundamentals for NEE
Current profitability levels for the company are sitting at:
- 0.35 for the present operating margin
- 0.51 for the gross margin
The net margin for NextEra Energy Inc stands at 0.26. The total capital return value is set at 0.06. Equity return is now at value 14.31, with 3.89 for asset returns.
Based on NextEra Energy Inc (NEE), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 1.65. The interest coverage ratio of the stock is 1.87.
Currently, EBITDA for the company is 16.47 billion with net debt to EBITDA at 5.21. When we switch over and look at the enterprise to sales, we see a ratio of 9.03. The receivables turnover for the company is 5.28for 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 0.41.
Conclusion
To sum up, NextEra Energy Inc (NEE) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
