Gains May Be On The Menu For NextEra Energy Inc (NYSE: NEE)

Currently, there are 2.06B 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 1.41% and -3.58% over the past three months. NEE shares are trading 26.89% year to date (YTD), with the 12-month market performance up to 31.72% higher. It has a 12-month low price of $53.95 and touched a high of $86.10 over the same period. NEE has an average intraday trading volume of 10.42 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 0.66%, -4.01%, and 5.10% respectively.

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Institutional ownership of NextEra Energy Inc (NYSE: NEE) shares accounts for 81.55% of the company’s 2.06B shares outstanding.

It has a market capitalization of $158.79B and a beta (3y monthly) value of 0.55. The stock’s trailing 12-month PE ratio is 22.81, while the earnings-per-share (ttm) stands at $3.38. The company has a PEG of 2.83 and a Quick Ratio of 0.33 with the debt-to-equity ratio at 1.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.80% over the week and 2.20% over the month.

Earnings per share for the fiscal year are expected to increase by 7.99%, and 7.70% over the next financial year. EPS should grow at an annualized rate of 8.05% 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. Jefferies stated their Hold rating for the stock in a research note on September 19, 2024, with the firm’s price target at $87. Mizuho coverage for the NextEra Energy Inc (NEE) stock in a research note released on June 12, 2024 offered a Neutral rating with a price target of $71. Barclays was of a view on April 10, 2024 that the stock is Equal Weight, while Citigroup gave the stock Buy rating on December 08, 2023, issuing a price target of $69. Seaport Research Partners on their part issued Sell rating on November 09, 2023.

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