NextEra Energy Inc. (NYSE:NEE) finished Thursday with a subtraction of -$0.63 to close at $68.29, a downside of -0.91 percent. An average of 8,368,061 shares of common stock have been traded in the last five days. There was a fall of -$1.81 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 8,182,255 shares traded, while the 50-day average volume stands at 8,079,100.
NEE stock has decreased by -7.05% in the last month. The company shares reached their 1-month lowest point of $67.91 on 08/08/23. With the stock rallying to its 52-week high on 01/17/23, shares of the company touched a low of $67.91 and a high of $91.35 in 52 weeks. It has reached a new high 4 times so far this year and lost -18.31% or -$15.31 in price. In spite of this, the price is down -25.24% from the 52-week high.
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Insider Transactions
NEE stock investors should be aware that NextEra Energy Inc. (NEE) stock had its last reported insider trading activity 58 days ago on Jun 14. In this transaction, the insider spent $299,600. EVP, Power Generation Division, Arechabala Miguel, disposed of 12,478 shares at a price of $85.89 on Dec 12. The insider now owns more than $1,071,788 worth of shares. Prior to that, EVP, Power Generation Division Arechabala Miguel went on to Sale 21,231 shares at $85.37 each on Dec 09. An amount of $1,812,422 was transacted.
Valuation Metrics
NextEra Energy Inc. (NEE) has a trailing price-to-earnings (P/E) ratio of 16.90. The stock’s beta is 0.47. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.20, the price-to-book (PB) ratio at 3.08.
Financial Health
The quick ratio of NextEra Energy Inc. for the three months ended June 29 was 0.40, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.36 and a total debt to equity ratio of 1.61 for the quarter ending June 29. NextEra Energy Inc.’s EBITDA margin for the year ending June 29 is 52.60%, while its operating margin for the same period stands at 35.80%. Its gross profit as reported stood at $4.08 billion compared to revenue of $20.96 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, NextEra Energy Inc.’s return on assets was 5.00%.
Earnings Surprise
For the three-month period that ended June 29, NextEra Energy Inc. had $60.98 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.79 billion in the quarter, while revenues were grew 50.63%. The analyst consensus anticipated NextEra Energy Inc.’s latest quarter earnings to come in at $0.82 per share, but it turned out to be $0.88, a 7.30% surprise. For the quarter, EBITDA amounted to $4.35 billion. Shareholders own equity worth $2.02 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at NextEra Energy Inc. (NEE) price momentum. RSI 9-day as of the close on 10 August was 23.80%, suggesting the stock is oversold, with historical volatility in this time frame at 13.87%.
As of today, NEE’s price is $68.75 -2.58% or -$1.81 from its 5-day moving average. NEE is currently trading -7.35% lower than its 20-day SMA and -9.75% lower than its 100-day SMA. However, the stock’s current price level is -6.05% below the SMA50 and -4.69% below the SMA200.
The stochastic %K and %D were 8.33% and 6.40%, respectively, and the average true range (ATR) was 1.44. With the 14-day stochastic at 4.34% and the average true range at 1.45, the RSI (14) stands at 30.17%. The stock has reached -1.49 on the 9-day MACD Oscillator while the 14-day reading was at -2.98.
Analyst Ratings
Goldman launched coverage on NextEra Energy Inc. (NYSE: NEE) in its analyst report released on June 08, 2023. The firm assigned the stock a Buy rating. The consensus rating for NextEra Energy Inc. (NEE) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NEE, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 14 others rate it as a “buy”.
What is NEE’s price target for the next 12 months?
Analysts predict a range of price targets between $76.00 and $108.00, with a median target of $89.00. Taking a look at these predictions, the average price target given by analysts for NextEra Energy Inc. (NEE) stock is $89.53.
