In the latest trading session, 1.23 million NextEra Energy Inc (NYSE:NEE) shares changed hands as the company’s beta touched 0.58. With the company’s most recent per share price at $70.84 changing hands around $0.14 or 0.20% at last look, the market valuation stands at $145.72B. NEE’s current price is a discount, trading about -21.54% off its 52-week high of $86.10. The share price had its 52-week low at $60.26, which suggests the last value was 14.94% up since then. When we look at NextEra Energy Inc’s average trading volume, we note the 10-day average is 13.1 million shares, with the 3-month average coming to 11.51 million.
Analysts gave the NextEra Energy Inc (NEE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.74. If we narrow down to specifics, the data shows that 2 out of 15 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended NEE as a Hold, 11 felt it is a Buy and 0 rated the stock as Underweight. NextEra Energy Inc’s EPS for the current quarter is expected to be 0.91.
NextEra Energy Inc (NYSE:NEE) trade information
Instantly NEE is in green as seen in intraday trades today. With action -2.85%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -1.19%, with the 5-day performance at -2.85% in the red. However, in the 30-day time frame, NextEra Energy Inc (NYSE:NEE) is 3.42% up. Looking at the short shares, we see there were 39.19 million shares sold at short interest cover period of 3.63 days.
The consensus price target for the stock as assigned by Wall Street analysts is 90.5, meaning bulls need an upside of 21.72% from its recent market value. According to analyst projections, NEE’s forecast low is 90 with 91 as the target high. To hit the forecast high, the stock’s price needs a -28.46% plunge from its current level, while the stock would need to soar -27.05% for it to hit the projected low.
NextEra Energy Inc (NEE) estimates and forecasts
Year-over-year growth is forecast to reach 18.90% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 6.58B. 4 analysts are of the opinion that NextEra Energy Inc’s revenue for the current quarter will be 7.22B. The company’s revenue for the corresponding quarters a year ago was 5.73B and 6.07B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 14.78%. The estimates for the next quarter sales put growth at 18.98%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 11.69%. The 2025 estimates are for NextEra Energy Inc earnings to increase by 7.11%, but the outlook for the next 5-year period is at 8.26% per year.
NEE Dividends
NextEra Energy Inc is expected to release its next quarterly earnings report on 2025-Jan-23. The 2.98% annual yield figure for the share gives it an annual dividend of 2.11. It is important to note, however, that the 2.98% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.29 per year.
NextEra Energy Inc (NYSE:NEE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.10% of NextEra Energy Inc shares while 83.79% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 83.87%. There are 83.79% institutions holding the NextEra Energy Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.7935% of the shares, roughly 200.91 million NEE shares worth $14.23 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.3267% or 150.31 million shares worth $10.64 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 64.46 shares estimated at $4.56 billion under it, the former controlled 3.13% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.71% of the shares, roughly 55.67 shares worth around $3.94 billion.
