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 2.05B shares have been available to trade.

The company’s stock has a 5-day price change of -2.21% and 13.12% over the past three months. NEE shares are trading 18.69% year to date (YTD), with the 12-month market performance down to -3.82% lower. It has a 12-month low price of $47.15 and touched a high of $80.47 over the same period. NEE has an average intraday trading volume of 11.78 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 -1.40%, -1.58%, and 15.43% respectively.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Institutional ownership of NextEra Energy Inc (NYSE: NEE) shares accounts for 80.11% of the company’s 2.05B shares outstanding.

It has a market capitalization of $148.11B and a beta (3y monthly) value of 0.54. The stock’s trailing 12-month PE ratio is 19.64, while the earnings-per-share (ttm) stands at $3.67. The company has a PEG of 2.39 and a Quick Ratio of 0.43 with the debt-to-equity ratio at 1.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.52% over the week and 2.42% over the month.

Earnings per share for the fiscal year are expected to increase by 7.50%, and 8.22% over the next financial year. EPS should grow at an annualized rate of 8.20% 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. Mizuho stated their Neutral rating for the stock in a research note on June 12, 2024, with the firm’s price target at $71. Barclays coverage for the NextEra Energy Inc (NEE) stock in a research note released on April 10, 2024 offered a Equal Weight rating with a price target of $66. Citigroup was of a view on December 08, 2023 that the stock is Buy, while Seaport Research Partners gave the stock Sell rating on November 09, 2023, issuing a price target of $44. KeyBanc Capital Markets on their part issued Sector Weight rating on October 05, 2023.

Most Popular

Related Posts