In today’s recent session, 2,217,540 shares of the NextEra Energy, Inc. (NYSE:NEE) have been traded, and its beta is 0.17. Most recently the company’s share price was $77.1, and it changed around -$0.46 or -0.01% from the last close, which brings the market valuation of the company to $151.11 Billion. NEE at last check was trading at a discount to its 52-week high of $87.69, offering almost -13.74% off that amount. The share price’s 52-week low was $55.65, which indicates that the recent value has risen by an impressive 27.82% since then. We note from NextEra Energy, Inc.’s average daily trading volume that its 10-day average is 7.65 Million shares, with the 3-month average coming to 9.47 Million.
NextEra Energy, Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 22 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 7 recommended NEE as a Hold, whereas 13 deemed it a Buy, and no one rated it as Underweight. NextEra Energy, Inc. is expected to report earnings per share of $0.59 for the current quarter.
NextEra Energy, Inc. (NYSE:NEE): Trading Information Today
Although NEE has been showing red trend so far today with a performance of -0.59% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $78.06 on Wednesday, Apr 07 increased the stock’s daily price by 1.06%. The company’s shares are currently up 0% year-to-date, but still up 0.0406 over the last five days. On the other hand, NextEra Energy, Inc. (NYSE:NEE) is 0.09% up in the 30-day period. We can see from the shorts that 22.34 Million shares have been sold at a short interest cover period of 2.36 day (s).
The consensus price target as assigned by Wall Street analysts is $87.53, which translates to bears needing to increase their stock price by 13.53% from its current value. Analyst projections state that NEE is forecast to be at a low of $66 and a high of $101. In order for the stock price to hit the forecast high, the stock would need to surge +31% from its current level, while the stock would need to crash -14.4% from its current level to reach the projected low.
NextEra Energy, Inc. (NEE) projections and forecasts
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of $4.95 Billion in revenue for the current quarter. 7 analysts expect NextEra Energy, Inc. to make $5.15 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $4.61 Billion and $5.17 Billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 7.3%. Forecasts for the next quarter put sales growth at -0.3%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 0.2%. NextEra Energy, Inc. earnings are expected to decrease by -23.1% in 2021, but the outlook is positive 8.58% per year for the next five years.
NEE Dividend Yield
NextEra Energy, Inc.’s next quarterly earnings report is expected to be released around April 20 – April 26, 2021. The annual dividend yield of the stock is 1.99 percent and its annual dividend per share was $1.54. It is important to note, however, that the 1.99% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.38% per year.
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NextEra Energy, Inc. (NYSE:NEE)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.17% of NextEra Energy, Inc. shares, and 79.98% of them are in the hands of institutional investors. The stock currently has a share float of 80.11%. NextEra Energy, Inc. stock is held by 2667 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2020, it held 8.98% of the shares, which is about 176.1 Million shares worth $13.59 Billion.
Blackrock Inc., with 7.77% or 152.46 Million shares worth $11.76 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 55214944 shares worth $4.26 Billion, making up 2.82% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 39.26 Million shares worth around $3.03 Billion, which represents about 2% of the total shares outstanding.