A Stock With Stellar Fundamentals? NextEra Energy Inc (NYSE:NEE): Is It Right For You?

In yesterday’s Wall Street session, NextEra Energy Inc (NYSE:NEE) shares traded at $58.46, down -0.98% from the previous session.

As of this writing, 21 analysts cover NextEra Energy Inc (NYSE:NEE). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $89.00 and a low of $55.00, we find $69.50. Given the previous closing price of $59.04, this indicates a potential upside of 17.72 percent. NEE stock price is now -2.58% away from the 50-day moving average and -17.33% away from the 200-day moving average. The market capitalization of the company currently stands at $119.90B.

There are 4 analysts who have given it a hold rating, whereas 15 have given it a buy rating. Brokers who have rated the stock have averaged $70.86 as their price target over the next twelve months.

In other news, NEXTERA ENERGY INC, 10% Owner bought 3,097,524 shares of the company’s stock on Oct 06. The stock was bought for $75,000,009 at an average price of $24.21. Upon completion of the transaction, the 10% Owner now directly owns 4,097,524 shares in the company, valued at $239.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 17, Director HACHIGIAN KIRK S bought 10,000 shares of the business’s stock. A total of $679,500 was incurred on buying the stock at an average price of $67.95. This leaves the insider owning 15,000 shares of the company worth $0.88 million. Insiders disposed of 122,945 shares of company stock worth roughly $7.19 million over the past 1 year. A total of 0.48% of the company’s stock is owned by insiders.

During the past 12 months, NextEra Energy Inc has had a low of $47.15 and a high of $88.61. As of last week, the company has a debt-to-equity ratio of 1.56, a current ratio of 0.50, and a quick ratio of 0.43. According to the stock market information, the enterprise value for the company is $191.23B, which is based on a 15.46 price-to-earnings ratio, a 1.84 price-to-earnings-growth ratio, and a beta of 0.53. The fifty day moving average price for NEE is $60.01 and a two-hundred day moving average price translates $70.72 for the stock.

The latest earnings results from NextEra Energy Inc (NYSE: NEE) was released for Sep, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.88, beating analysts’ expectations of $0.82 by 0.06. This compares to $0.70 EPS in the same period last year. The net profit margin was 34.03% and return on equity was 17.78% for NEE. The company reported revenue of $7.35 billion for the quarter, compared to $5.18 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 41.79 percent. For the current quarter, analysts expect NEE to generate $7.09B in revenue.

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, 2022, the company had approximately 32,100 megawatts of net generating capacity; approximately 88,000 circuit miles of transmission and distribution lines; and 871 substations. It serves approximately 12 million people through approximately 5.8 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. NextEra Energy, Inc. was founded in 1925 and is headquartered in Juno Beach, Florida.

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