NextEra Energy Inc (NYSE:NEE)’s traded shares stood at 6.57 million during the last session, with the company’s beta value hitting 0.55. At the close of trading, the stock’s price was $81.43, to imply a decrease of -1.67% or -$1.38 in intraday trading. The NEE share’s 52-week high remains $86.10, putting it -5.73% down since that peak but still an impressive 33.92% since price per share fell to its 52-week low of $53.81. The company has a valuation of $167.45B, with an average of 8.74 million shares in intraday trading volume over the past 10 days and average of 8.61 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for NextEra Energy Inc (NEE), translating to a mean rating of 1.83. Of 15 analyst(s) looking at the stock, 2 analyst(s) give NEE a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 11 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.54.
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NextEra Energy Inc (NYSE:NEE) trade information
After registering a -1.67% downside in the last session, NextEra Energy Inc (NEE) has traded red over the past five days. The 5-day price performance for the stock is -3.50%, and -2.43% over 30 days. With these gigs, the year-to-date price performance is 34.06%. Short interest in NextEra Energy Inc (NYSE:NEE) saw shorts transact 34.27 million shares and set a 3.55 days time to cover.
The extremes give us $44 and $110 for target low and target high price respectively. As such, NEE has been trading -35.09% off suggested target high and 45.97% from its likely low.
NextEra Energy Inc (NEE) estimates and forecasts
Looking at statistics comparing NextEra Energy Inc share performance against respective industry, we note that the company has outperformed competitors. NextEra Energy Inc (NEE) shares are 23.40% up over the last 6 months, with its year-to-date growth rate higher than industry average at 7.57% against 4.80%. Revenue is forecast to grow 3.80% this quarter before jumping 3.30% for the next one. The rating firms project that company’s revenue will shrink -2.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 7.48B. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 6.63B.Earnings reports from the last fiscal year show that sales brought in 6.88B and 6.28B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 8.70% before jumping 5.60% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 0.74% for the past 5-year period. While 2024 is set for a 7.91% return in earnings, projections for the next 5 years are at 8.05% annually.
NEE Dividends
NextEra Energy Inc has its next earnings report out on 2025-Jan-23. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. NextEra Energy Inc has a forward dividend ratio of 2.01, with the share yield ticking at 2.47% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.23%.
NextEra Energy Inc (NYSE:NEE)’s Major holders
NextEra Energy Inc insiders hold 0.08% of total outstanding shares, with institutional holders owning 83.50% of the shares at 83.56% float percentage. In total, 83.50% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 200.91 million shares (or 9.7935% of shares), all amounting to roughly $14.23 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 150.31 million shares, or about 7.3267% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $10.64 billion.
