NextEra Energy Inc. (NYSE:NEE) saw a downside of -0.77% to close Monday at $68.64 after subtracting -$0.53 on the day. The 5-day average trading volume is 7,985,880 shares of the company’s common stock. It has gained $73.81 in the past week and touched a new high 1 time within the past 5 days. An average of 8,086,740 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,028,332.
NEE’s 1-month performance is -4.73% or -$3.41 on its low of $68.61 reached on 08/07/23. The company’s shares have touched a 52-week low of $69.01 and high of $91.35, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, NEE has lost -17.89% or -$14.96 and has reached a new high 4 times. However, the current price is down -24.86% from the 52-week high price.
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Insider Transactions
NEE stock investors last saw insider trading activity on Jun 14.Coffey Robert (EVP, Nuclear Div & CNO) most recently sold 4,000 shares at $74.90 per share on Jun 14. This transaction cost the insider $299,600. EVP, Power Generation Division, Arechabala Miguel, sold 12,478 shares at a price of $85.89 on Dec 12. Then, on Dec 09, EVP, Power Generation Division Arechabala Miguel sold 21,231 shares at a price of $85.37 per share. This transaction amounted to $1,812,422.
Valuation Metrics
NEE stock has a beta of 0.47. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.22 while the price-to-book (PB) in the most recent quarter is 3.10.
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. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.36, while the total debt to equity was 1.61. The trailing 12-month EBITDA margin is 52.60% while for the period ending June 29, NextEra Energy Inc.’s operating margin was 35.80%. The firm’s gross profit as reported stood at $4.08 billion against revenue of $20.96 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 grew 50.63% to $2.79 billion, while revenue of $2.09 billion was 25.37% off the previous quarter. Analysts expected NEE to announce $0.82 per share in earnings in its latest quarter, but it posted $0.88, representing a 7.30% surprise. EBITDA for the quarter stood at more than $4.35 billion. NEE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 114.71 billion, with total debt at $72.17 billion. Shareholders hold equity totaling $2.02 billion.
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 07 August was 23.13% to suggest the stock is trending oversold, with historical volatility in this time period at 10.37%.
The stock’s 5-day moving average is $70.40, reflecting a -6.36% or -$4.66 change from its current price. NEE is currently trading -4.28% above its 20-day SMA, -7.93% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.54% and SMA200 by-8.55%.
Stochastic %K and %D was 1.00% and 5.02% and the average true range (ATR) pointed at 1.53. The RSI (14) points at 30.30%, while the 14-day stochastic is at 0.37% with the period’s ATR at 1.51. The stock’s 9-day MACD Oscillator is pointing at -2.45 and -3.47 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for NextEra Energy Inc. (NYSE: NEE), Goldman launched coverage with a Buy rating.
