During the recent session, NextEra Energy Inc (NYSE:NEE)’s traded shares were 2.7 million, with the beta value of the company hitting 0.55. At the last check today, the stock’s price was $82.08, reflecting an intraday loss of -2.61% or -$2.2. The 52-week high for the NEE share is $85.56, that puts it down -4.24 from that peak though still a striking 42.56% gain since the share price plummeted to a 52-week low of $47.15. The company’s market capitalization is $168.70B, and the average intraday trading volume over the past 10 days was 8.35 million shares, and the average trade volume was 9.13 million shares over the past three months.
NextEra Energy Inc (NEE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.88. NEE has a Sell rating from 2 analyst(s) out of 15 analysts who have looked at this stock. 2 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 0.97.
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NextEra Energy Inc (NYSE:NEE) trade information
NextEra Energy Inc (NEE) registered a -2.61% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.61% in intraday trading to $82.08, hitting a weekly high. The stock’s 5-day price performance is -1.65%, and it has moved by 3.93% in 30 days. Based on these gigs, the overall price performance for the year is 21.44%. The short interest in NextEra Energy Inc (NYSE:NEE) is 37.2 million shares and it means that shorts have 5.06 day(s) to cover.
The consensus price target of analysts on Wall Street is $84, which implies an increase of 2.29% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $44 and $110 respectively. As a result, NEE is trading at a discount of -34.02% off the target high and 46.39% 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 31.96% during the last six months, with a year-to-date growth rate more than the industry average at 6.94% against 6.20. In the rating firms’ projections, revenue will decrease -2.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 8.07B as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 7.65B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled nan and 6.88B respectively.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 0.74%. While earnings are projected to return 7.55% in 2024, the next five years will return 8.20% per annum.
NEE Dividends
NextEra Energy Inc is due to release its next quarterly earnings on 2024-Oct-22. 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 2.01, with the dividend yield indicating at 2.45 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 2.23%.
NextEra Energy Inc (NYSE:NEE)’s Major holders
NextEra Energy Inc insiders own 0.08% of total outstanding shares while institutional holders control 83.28%, with the float percentage being 83.35%. VANGUARD GROUP INC is the largest shareholder of the company, while 3233.0 institutions own stock in it. As of 2024-06-30, the company held over 200.91 million shares (or 9.7935% of all shares), a total value of $14.23 billion in shares.
The next largest institutional holding, with 150.31 million shares, is of BLACKROCK INC.’s that is approximately 7.3267% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $10.64 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 Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 64.94 shares. This amounts to just over 3.16 percent of the company’s overall shares, with a $5.34 billion market value. The same data shows that the other fund manager holds slightly less at 52.73, or about 2.57% of the stock, which is worth about $4.34 billion.
