In yesterday’s Wall Street session, NextEra Energy Inc (NYSE:NEE) shares traded at $60.17, up 0.15% from the previous session.
NEE stock price is now 4.05% away from the 50-day moving average and -4.47% away from the 200-day moving average. The market capitalization of the company currently stands at $123.49B.
With the price target of $69, Citigroup recently initiated with Buy rating for NextEra Energy Inc (NYSE: NEE). On November 09, 2023, Seaport Research Partners Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock keeping its target price maintained at $44, while ‘KeyBanc Capital Markets’ rates the stock as ‘Sector Weight’
In other news, May James Michael, VP, Controller and CAO sold 1,938 shares of the company’s stock on Mar 13 ’24. The stock was sold for $114,342 at an average price of $59.00. Upon completion of the transaction, the VP, Controller and CAO now directly owns 17,432 shares in the company, valued at $1.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 07 ’24, Director HACHIGIAN KIRK S bought 20,000 shares of the business’s stock. A total of $1,116,700 was incurred on buying the stock at an average price of $55.84. This leaves the insider owning 25,000 shares of the company worth $1.5 million. A total of 0.49% 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 $79.78. As of last week, the company has a debt-to-equity ratio of 1.55, a current ratio of 0.55, and a quick ratio of 0.47. According to the stock market information, the enterprise value for the company is $194.02B, which is based on a 16.68 price-to-earnings ratio, a 2.22 price-to-earnings-growth ratio, and a beta of 0.49. The fifty day moving average price for NEE is $57.80 and a two-hundred day moving average price translates $62.92 for the stock.
The latest earnings results from NextEra Energy Inc (NYSE: NEE) was released for Dec, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.52, beating analysts’ expectations of $0.49 by 0.03. This compares to $0.77 EPS in the same period last year. The net profit margin was 32.05% and return on equity was 16.86% for NEE. The company reported revenue of $6.88 billion for the quarter, compared to $6.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.57 percent. For the current quarter, analysts expect NEE to generate $5.92B in revenue.
