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NextEra Energy Inc. (NYSE: NEE) Continues To Thrive In 2022, As Its Stock Is Down -7.39% Year-To-Date

During the recent session, NextEra Energy Inc. (NYSE:NEE)’s traded shares were 2.11 million, with the beta value of the company hitting 0.47. At the last check today, the stock’s price was $87.52, reflecting an intraday gain of 1.23% or $1.06. The 52-week high for the NEE share is $93.73, that puts it down -7.1 from that peak though still a striking 23.19% gain since the share price plummeted to a 52-week low of $67.22. The company’s market capitalization is $161.61B, and the average intraday trading volume over the past 10 days was 8.45 million shares, and the average trade volume was 9.53 million shares over the past three months.

NextEra Energy Inc. (NEE) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.00. NEE has a Sell rating from 0 analyst(s) out of 19 analysts who have looked at this stock. 8 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 11 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.79.

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NextEra Energy Inc. (NYSE:NEE) trade information

NextEra Energy Inc. (NEE) registered a 1.23% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.23% in intraday trading to $87.52 this Wednesday, 08/03/22, hitting a weekly high. The stock’s 5-day price performance is 7.56%, and it has moved by 9.29% in 30 days. Based on these gigs, the overall price performance for the year is 8.86%. The short interest in NextEra Energy Inc. (NYSE:NEE) is 24.11 million shares and it means that shorts have 2.71 day(s) to cover.

The consensus price target of analysts on Wall Street is $91.38, which implies an increase of 4.22% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $79.00 and $111.00 respectively. As a result, NEE is trading at a discount of -26.83% off the target high and 9.73% off the low.

NextEra Energy Inc. (NEE) estimates and forecasts

Statistics show that NextEra Energy Inc. has outperformed its competitors in share price, compared to the industry in which it operates. NextEra Energy Inc. (NEE) shares have gone up 11.95% during the last six months, with a year-to-date growth rate more than the industry average at 12.55% against 4.30. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 5.30% this quarter and then jump 34.10% in the quarter after that. In the rating firms’ projections, revenue will increase 22.80% compared to the previous financial year.

Revenue for the current quarter is expected to be $5.66 billion as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to $6.62 billion by the end of Dec 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $5.42 billion and $5.05 billion respectively. In this case, analysts expect current quarter sales to grow by 4.50% and then jump by 31.10% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 3.00%. While earnings are projected to return 18.70% in 2022, the next five years will return 9.07% per annum.

NEE Dividends

NextEra Energy Inc. is due to release its next quarterly earnings between October 18 and October 24. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for NextEra Energy Inc. is 1.70, with the dividend yield indicating at 1.97 percent, continuing the trend of increasing dividends in recent years.

NextEra Energy Inc. (NYSE:NEE)’s Major holders

NextEra Energy Inc. insiders own 0.26% of total outstanding shares while institutional holders control 79.92%, with the float percentage being 80.12%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 2,934 institutions own stock in it. As of Mar 30, 2022, the company held over 182.36 million shares (or 9.28% of all shares), a total value of $15.91 billion in shares.

The next largest institutional holding, with 147.83 million shares, is of Blackrock Inc.’s that is approximately 7.52% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $12.9 billion.

Also, the Mutual Funds coming in first place with the largest holdings of NextEra Energy Inc. (NEE) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 56.64 million shares. This amounts to just over 2.88 percent of the company’s overall shares, with a $4.94 billion market value. The same data shows that the other fund manager holds slightly less at 42.94 million, or about 2.19% of the stock, which is worth about $3.75 billion.

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