NextEra Energy Inc. (NYSE: NEE) is 2.77% higher on its value in year-to-date trading and has touched a low of $43.70 and a high of $83.34 in the current 52-week trading range. The NEE stock was last observed hovering at around $78.43 in the last trading session, with the day’s gains setting it 0.86% off its average median price target of $82.50 for the next 12 months. It is also 42.75% off the consensus price target high of $138.50 offered by 20 analysts, but current levels are -21.98% lower than the price target low of $65.00 for the same period.
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Currently trading at $79.29, the stock is 5.96% and 5.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.72 million and changing 1.10% at the moment leaves the stock 17.07% off its SMA200. NEE registered 31.49% gain for a year compared to 6-month gain of 25.86%. The firm has a 50-day simple moving average (SMA 50) of $74.69 and a 200-day simple moving average (SMA200) of $71.41.
The stock witnessed a 8.22% loss in the last 1 month and extending the period to 3 months gives it a 6.74%, and is 4.45% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.22% over the week and 2.14% over the month.
NextEra Energy Inc. (NEE) has around 8900 employees, a market worth around $152.84B and $18.19B in sales. Current P/E ratio is 39.76 and Fwd P/E is 31.78. Profit margin for the company is 21.40%. Distance from 52-week low is 81.44% and -4.86% from its 52-week high. The company has generated returns on investments over the last 12 months (6.30%).
NextEra Energy Inc. (NEE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for NextEra Energy Inc. (NEE) is a “Overweight”. 20 analysts offering their recommendations for the stock have an average rating of 2.10, where 7 rate it as a Hold and 1 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
NextEra Energy Inc. quarterly earnings per share for the current quarter are estimated at $0.36 with sales reaching $5.55B over the same period.The EPS is expected to shrink by -38.90% this year, but quarterly earnings will post 2.20% year-over-year. Quarterly sales are estimated to grow 21.00% in year-over-year returns.
NextEra Energy Inc. (NEE) Top Institutional Holders
2,435 institutions hold shares in NextEra Energy Inc. (NEE), with 3.1M shares held by insiders accounting for 0.16% while institutional investors hold 80.71% of the company’s shares. The shares outstanding are 1.96B, and float is at 1.96B with Short Float at 1.14%. Institutions hold 80.59% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 177.93 million shares valued at $12.35 billion. The investor’s holdings represent 36.33% of the NEE Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 151.21 million shares valued at $10.49 billion to account for 30.87% of the shares outstanding. The other top investors are State Street Corporation which holds 102.11 million shares representing 20.85% and valued at over $7.09 billion, while Price (T.Rowe) Associates Inc holds 14.52% of the shares totaling 71.1 million with a market value of $4.93 billion.
NextEra Energy Inc. (NEE) Insider Activity
A total of 40 insider transactions have happened at NextEra Energy Inc. (NEE) in the last six months, with sales accounting for 30 and purchases happening 10 times. The most recent transaction is an insider sale by KETCHUM JOHN W, the company’s President & CEO of Sub. SEC filings show that KETCHUM JOHN W sold 4,000 shares of the company’s common stock on Dec 22 at a price of $74.44 per share for a total of $0.3 million. Following the sale, the insider now owns 73804.0 shares.
NextEra Energy Inc. disclosed in a document filed with the SEC on Nov 09 that Reagan Ronald R (EVP, Eng., Const. & ISC) sold a total of 1,280 shares of the company’s common stock. The trade occurred on Nov 09 and was made at $80.83 per share for $0.1 million. Following the transaction, the insider now directly holds 30180.0 shares of the NEE stock.
Still, SEC filings show that on Nov 02, Sieving Charles E (EVP & General Counsel) disposed off 121,096 shares at an average price of $74.96 for $9.08 million. The insider now directly holds 133,688 shares of NextEra Energy Inc. (NEE).
NextEra Energy Inc. (NEE): Who are the competitors?
The company’s main competitors (and peers) include Xcel Energy Inc. (XEL) that is trading 4.42% up over the past 12 months. FirstEnergy Corp. (FE) is -37.78% down on the 1-year trading charts. Short interest in the company’s stock has fallen -1.84% from the last report on Nov 12, 2020 to stand at a total of 22.69 million short shares sold with a short interest ratio of 3.2.