Stocks of NextEra Energy Inc. (NYSE:NEE) traded higher last session on Wall Street, up 0.61% to $84.11.
NEE stock price is now 5.73% away from the 50-day moving average and 5.36% away from the 200-day moving average. The market capitalization of the company currently stands at $165.43B.
With the price target enhanced from $94 to $99, Morgan Stanley Upgraded its rating from Equal-Weight to Overweight for NextEra Energy Inc. (NYSE: NEE)., while ‘Credit Suisse’ rates the stock as ‘Outperform’.
In other news, Coffey Robert, EVP, Nuclear Div & CNO sold 2,908 shares of the company’s stock on Nov 01. The stock was sold for $227,377 at an average price of $78.19. Upon completion of the transaction, the EVP, Nuclear Div & CNO now directly owns 11,489 shares in the company, valued at $0.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 14, EVP, Eng., Const. & ISC Reagan Ronald R sold 9,307 shares of the business’s stock. A total of $826,369 was realized by selling the stock at an average price of $88.79. This leaves the insider owning 18,176 shares of the company worth $1.53 million. Insiders disposed of 444,294 shares of company stock worth roughly $37.37 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NEE stock. A new stake in NextEra Energy Inc. shares was purchased by GREAT WEST LIFE ASSURANCE CO /CAN/ during the first quarter worth $68,869,000. HRT FINANCIAL LP invested $63,796,000 in shares of NEE during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in NextEra Energy Inc. valued at approximately $41,479,000. ATALANTA SOSNOFF CAPITAL, LLC acquired a new stake in NEE for approximately $34,952,000. SEGANTII CAPITAL MANAGEMENT LTD purchased a new stake in NEE valued at around $31,541,000 in the second quarter. In total, there are 2,924 active investors with 80.40% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $84.06 for NextEra Energy Inc. (NYSE: NEE). During the past 12 months, NextEra Energy Inc. has had a low of $67.22 and a high of $93.73. As of last week, the company has a debt-to-equity ratio of 1.68, a current ratio of 0.50, and a quick ratio of 0.40. The fifty day moving average price for NEE is $79.46 and a two-hundred day moving average price translates $79.87 for the stock.
The latest earnings results from NextEra Energy Inc. (NYSE: NEE) was released for Jun, 2022. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.81, beating analysts’ expectations of $0.73 by 0.08. This compares to $0.23 EPS in the same period last year. The net profit margin was 19.30% and return on equity was 10.30% for NEE. The company reported revenue of $6.72 billion for the quarter, compared to $4.37 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 53.75 percent. For the current quarter, analysts expect NEE to generate $5.76B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/15/2022. Investors who held shares on 11/25/2022 were paid a $0.425 dividend. On an annualized basis, this represents a $1.70 dividend and a 2.02% percent yield. There was an ex-dividend date of 11/23/2022 for this dividend. In terms of dividend payout ratio, NEE is presently at 85.30%.
NextEra Energy Inc.(NEE) Company Profile
NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets. As of December 31, 2021, the company had approximately 28,564 megawatts of net generating capacity; approximately 77,000 circuit miles of transmission and distribution lines; and 696 substations. It serves approximately 11 million people through approximately 5.7 million customer accounts in the east and lower west coasts of Florida. The company was formerly known as FPL Group, Inc. and changed its name to NextEra Energy, Inc. in 2010. The company was founded in 1925 and is headquartered in Juno Beach, Florida.