In last trading session, NextEra Energy Inc (NYSE:NEE) saw 8.02 million shares changing hands with its beta currently measuring 0.55. Company’s recent per share price level of $84.38 trading at $0.6 or 0.72% at ring of the bell on the day assigns it a market valuation of $173.43B. That closing price of NEE’s stock is at a discount of -2.04% from its 52-week high price of $86.10 and is indicating a premium of 39.62% from its 52-week low price of $50.95. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.14 million shares which gives us an average trading volume of 8.73 million if we extend that period to 3-months.
For NextEra Energy Inc (NEE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.83. Splitting up the data highlights that, out of 15 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 11 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.97 in the current quarter.
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NextEra Energy Inc (NYSE:NEE) trade information
Upright in the green during last session for gaining 0.72%, in the last five days NEE remained trading in the green while hitting it’s week-highest on Wednesday, 10/16/24 when the stock touched $84.38 price level, adding 0.31% to its value on the day. NextEra Energy Inc’s shares saw a change of 38.92% in year-to-date performance and have moved 3.08% in past 5-day. NextEra Energy Inc (NYSE:NEE) showed a performance of 2.54% in past 30-days. Number of shares sold short was 34.27 million shares which calculate 3.55 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 85 to the stock, which implies a rise of 0.73% to its current value. Analysts have been projecting 44 as a low price target for the stock while placing it at a high target of 110. It follows that stock’s current price would jump 47.85% in reaching the projected high whereas dropping to the targeted low would mean a gain of 47.85% for stock’s current value.
NextEra Energy Inc (NEE) estimates and forecasts
Statistics highlight that NextEra Energy Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 31.23% of value to its shares in past 6 months, showing an annual growth rate of 7.26% while that of industry is 5.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -2.70% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 8.08B for the same. And 6 analysts are in estimates of company making revenue of 7.65B in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0.74% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 7.65% while estimates for its earnings growth in next 5 years are of 8.05%.
NEE Dividends
NextEra Energy Inc is more likely to be releasing its next quarterly report on 2024-Oct-23 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.39%, the share has a forward dividend of 2.01 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.23%.
NextEra Energy Inc (NYSE:NEE)’s Major holders
Insiders are in possession of 0.08% of company’s total shares while institution are holding 83.24 percent of that, with stock having share float percentage of 83.30%. Investors also watch the number of corporate investors in a company very closely, which is 83.24% institutions for NextEra Energy Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at NEE for having 200.91 million shares of worth $14.23 billion. And as of 2024-06-30, it was holding 9.7935 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 150.31 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.3267 of outstanding shares, having a total worth of $10.64 billion.
