As of Thursday close, NextEra Energy Inc.’s (NYSE:NEE) stock was down -$0.29, moving down -0.43 percent to $66.80. The average number of shares traded per day over the past five days has been 9,547,080 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.42 fall in that time frame. In the last twenty days, the average volume was 8,120,885, while in the previous 50 days, it was 7,858,616.
Since last month, NEE stock retreated -7.11%. Shares of the company fell to $66.67 on 08/21/23, the lowest level in the past month. A 52-week high of $91.06 was reached on 01/17/23 after having rallying from a 52-week low of $66.67. Since the beginning of this year, NEE’s stock price has dropped by -20.10% or -$16.80, and marked a new high 4 times. However, the stock has declined by -26.64% since its 52-week high.
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NEE stock investors should be aware that NextEra Energy Inc. (NEE) stock had its last reported insider trading activity 15 days ago on Aug 17. HACHIGIAN KIRK S, the Director of the company, purchased of 10,000 shares for $67.95 on Aug 17. It resulted in a $679,500 investment by the insider. CAMAREN JAMES LAWRENCE added 4,000 shares at an average price of $67.85 on Aug 15. The insider now owns 8,000 shares following the transaction. On Jun 14, Chairman, President & CEO KETCHUM JOHN W bought 13,600 shares at $74.26 apiece. The transaction was valued at $1,009,987.
Valuation Metrics
Right now, NextEra Energy Inc. (NEE) has a P/E ratio of about 16.53. The stock’s beta is 0.47. Besides these, the trailing price-to-sales (P/S) ratio of 4.96, the price-to-book (PB) ratio of 3.02.
The latest dividend of $0.4675 per share was paid out, remained unchanged from last year’s $0.4675. On Friday February 17 2023, a $0.0425 dividend increase was announced.
Financial Health
In the recent quarter, NextEra Energy Inc.’s quick ratio stood at 0.40, while its current ratio was 0.50, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 1.36, and the total debt-to-equity ratio was 1.61. In the recent year, EBITDA margin amounted to 52.60%, whereas operating margins totaled 35.80%. Based on annual data, NEE earned $4.08 billion in gross profit and brought in $20.96 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.40%. Return on equity (ROE) for the past 12 months was 19.60%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NEE’s revenue rose 29.47% to $6.72 billion during the quarter, while net income inched up to $7.35 billion. During the quarter, the company generated $4.35 billion in EBITDA. The liabilities of NextEra Energy Inc. were 114.71 billion at the end of its most recent quarter, and its total debt was $72.17 billion. The value of shareholders’ equity is $2.02 billion.
Technical Picture
This quick technical analysis looks at NextEra Energy Inc.’s (NEE) price momentum. With a historical volatility rate of 11.79%, the RSI 9-day stood at 32.76% on 31 August.
With respect to its five-day moving average, the current NextEra Energy Inc. price is down by -0.62% percent or -$0.42. At present, NEE shares trade -4.71% below its 20-day simple moving average and -14.83% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.85% below its SMA50 and -19.82% below its SMA200.
Stochastic coefficient K was 17.28% and Stochastic coefficient D was 28.81%, while ATR was 1.03. Given the Stochastic reading of 5.55% for the 14-day period, the RSI (14) reading has been calculated as 34.21%. As of today, the MACD Oscillator reading stands at -0.32, while the 14-day reading stands at -0.43.
Analyst Ratings
Goldman launched its rating on NextEra Energy Inc. (NYSE: NEE) to a Buy in a note to investors on June 08, 2023. NextEra Energy Inc. (NEE) has been rated Overweight by analysts. According to 0 brokerage firms, NEE is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate NextEra Energy Inc. stock as buy, with 15 recommending it as overweight.
With a median target price of $88.50, the current consensus forecast for the stock is $76.00 – $108.00. Based on these forecasts, analysts predict NextEra Energy Inc. (NEE) will achieve an average price target of $88.50.
