Value Hunters: Look To NextEra Energy Inc (NEE)

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

The company’s stock has a 5-day price change of -3.25% and 2.80% over the past three months. NEE shares are trading 3.31% year to date (YTD), with the 12-month market performance down to -20.42% 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 12.26 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 -0.13%, 6.12%, and 1.34% respectively.

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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 $128.79B and a beta (3y monthly) value of 0.52. The stock’s trailing 12-month PE ratio is 17.40, while the earnings-per-share (ttm) stands at $3.61. The company has a PEG of 2.22 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 2.27% over the week and 2.12% over the month.

Analysts forecast that NextEra Energy Inc (NEE) will achieve an EPS of $Nike, Inc. for the current quarter, $93.10 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Cloudflare, Inc. while analysts give the company a high EPS estimate of $NextEra Energy, Inc.. Comparatively, EPS for the current quarter was $Nucor Corporation a year ago. Earnings per share for the fiscal year are expected to increase by 7.31%, and 8.11% over the next financial year. EPS should grow at an annualized rate of 7.84% 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. Barclays stated their Equal Weight rating for the stock in a research note on April 10, 2024, with the firm’s price target at $66. Citigroup coverage for the NextEra Energy Inc (NEE) stock in a research note released on December 08, 2023 offered a Buy rating with a price target of $69. Goldman on their part issued Buy rating on June 08, 2023.

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