Now Is A Suitable Moment For A Long-Term Purchase Of NextEra Energy Inc (NYSE: NEE)

Currently, there are 2.05B common shares owned by the public and among those 2.04B shares have been available to trade.

Insiders at the company have transacted a total of 15 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 9 of these insider trades were purchases, accounting for 34,856 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 7,733 shares.

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The company’s stock has a 5-day price change of -0.33% and -6.05% over the past three months. NEE shares are trading -9.50% year to date (YTD), with the 12-month market performance down to -23.87% lower. It has a 12-month low price of $47.15 and touched a high of $79.78 over the same period. NEE has an average intraday trading volume of 11.22 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.36%, -6.01%, and -13.89% respectively.

Institutional ownership of NextEra Energy Inc (NYSE: NEE) shares accounts for 79.97% of the company’s 2.05B shares outstanding.

It has a market capitalization of $112.82B and a beta (3y monthly) value of 0.50. The stock’s trailing 12-month PE ratio is 15.24, while the earnings-per-share (ttm) stands at $3.61. The company has a PEG of 2.03 and a Quick Ratio of 0.47 with the debt-to-equity ratio at 1.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.04% over the week and 2.06% over the month.

Analysts forecast that NextEra Energy Inc (NEE) will achieve an EPS of $0.72 for the current quarter, $0.97 for the next quarter and $3.67 for 2025. The lowest estimate earnings-per-share for the quarter is $0.38 while analysts give the company a high EPS estimate of $0.91. Comparatively, EPS for the current quarter was $0.84 a year ago. Earnings per share for the fiscal year are expected to increase by 7.26%, and 7.96% over the next financial year. EPS should grow at an annualized rate of 7.51% over the next five years, compared to 0.74% over the past 5-year period.

Looking at the support for the NEE, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on December 08, 2023, with the firm’s price target at $69. Seaport Research Partners coverage for the NextEra Energy Inc (NEE) stock in a research note released on November 09, 2023 offered a Sell rating with a price target of $44. KeyBanc Capital Markets was of a view on October 05, 2023 that the stock is Sector Weight, while Goldman gave the stock Buy rating on June 08, 2023, issuing a price target of $90. BofA Securities on their part issued Neutral rating on January 26, 2023.

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