NextEra Energy Inc. (NEE): What the Financials Tell Us ?

NextEra Energy Inc. (NYSE:NEE) saw a downside of -1.16% on Monday to $79.28 after subtracting -$0.93. The 5-day average trading volume is 4,726,794 shares of the company’s common stock. It has gained $82.61 in the past week. An average of 6,897,269 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,568,209.

NEE’s 1-month performance is -6.56% or -$5.86 on its low of $77.01 reached on 09/28/21. The company’s shares have touched a 52-week low of $68.33 and high of $87.69, with the stock’s rally to the 52-week high happening on 01/25/21. YTD, NEE has achieved 3.97% or $1.92. However, the current price is down -9.59%% from the 52-week high price.


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Insider Transactions

On Sep 15, 26 days have gone by since the last insider trading activity for NextEra Energy Inc. (NEE). KETCHUM JOHN W (President & CEO of Sub) most recently sold 12,151 shares at $84.33 per share on Sep 15. This transaction cost the insider $1,024,694. EVP, Eng., Const. & ISC, Reagan Ronald R, sold 4,166 shares at a price of $84.00 on Aug 16. Then, on Jun 28, EVP, HR & Corp Services Caplan Deborah H sold 6,896 shares at a price of $75.00 per share. This transaction amounted to $517,200.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 58.60 and a low of 8.962. NEE stock has a beta of 0.24. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.43 while the price-to-book (PB) in the most recent quarter is 4.26, with the price to cash flow ratio at 34.41.

NextEra Energy Inc. pays an annual dividend of $1.54 per share. Its dividend yield is 1.94% and the payout ratio is 91.60%. NEE’s most recent quarterly dividend payment was made on Sep. 15, when it paid $0.3850 a share compared with prior rate of $0.3850, down 0.0% from last year’s. The company has boosted its dividend for the last 26 consecutive years with the latest dividend decrease of $1.0150 reported on Friday February 12 2021. Measured over the last 3 years, the Dividend has been growing by 42.49% yearly.

It is projected that NextEra Energy Inc.’s next ex-dividend date will be on 26-Nov. NEE is expected to distribute $0.385 as its next dividend.

NextEra Energy Inc.’s quick ratio for the period ended June 29 was 0.40, with the current ratio over the same period at 0.50 meaning that NEE stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.29, while the total debt to equity was 1.44The trailing 12-month EBITDA margin is 48.84% while for the period ending June 29; NextEra Energy Inc.’s operating margin was 18.60%. The firm’s gross profit as reported stood at $5.12 billion against revenue of $18.0 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -7.05% to $3.93 billion, while revenue of $3.73 billion was 5.12% off the previous quarter. Analysts expected NEE to announce $0.7 per share in earnings in its latest quarter, but it posted $0.71, representing a 1.40% surprise. EBITDA for the quarter stood at more than $1.55 billion. NEE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 89.9 billion, with total debt at $53.32 billion. Shareholders hold equity totaling $1.96 billion

Technical Picture

Let’s look briefly at NextEra Energy Inc. (NEE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 38.11% to suggest the stock is trending Neutral, with historical volatility in this time period at 16.27%.

The stock’s 5-day moving average is $80.17, reflecting a -0.37% or -$0.29 change from its current price. NEE is currently trading -6.51% above its 20-day SMA, +8.82% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +1.50% and +6.38% respectively.

Stochastic %K and %D was 51.81% and 54.86% and the average true range (ATR) pointed at 1.58. The RSI (14) points at 39.80%, while the 14-day stochastic is at 34.92% with the period’s ATR at 1.53. The stock’s 9-day MACD Oscillator is pointing at 0.48 and 0.34 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for NEE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate NEE as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 12 have offered a “buy” rating.

What is NEE’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $78.00 and a high of $101.00, with their median price target at $90.00. Looking at these predictions, the average price target given by analysts is for NextEra Energy Inc. (NEE) stock is $89.32.

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