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NextEra Energy Inc (NEE) Stock Could Soon Reward Patient Investors

NextEra Energy Inc (NYSE: NEE) is 3.52% higher on its value in year-to-date trading and has touched a low of $47.15 and a high of $79.78 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NEE stock was last observed hovering at around $63.38 in the last trading session, with the day’s loss setting it -0.5%.

Currently trading at $62.88, the stock is 5.15% and 8.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.9 million and changing -0.79% at the moment leaves the stock 0.77% off its SMA200. NEE registered -17.90% loss for a year compared to 6-month loss of 9.76%. The firm has a 50-day simple moving average (SMA 50) of $7.10 and a 200-day simple moving average (SMA200) of $11.91.

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The stock witnessed a 13.89% gain in the last 1 month and extending the period to 3 months gives it a 3.52%, and is 0.43% 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 2.12% over the week and 2.27% over the month.

NextEra Energy Inc (NEE) has around 16800 employees, a market worth around $129.06B and $22.81B in sales. Current P/E ratio is 17.43 and Fwd P/E is 17.10. Profit margin for the company is 32.05%. Distance from 52-week low is 33.38% and -21.18% from its 52-week high. The company has generated returns on investments over the last 12 months (6.69%).

NextEra Energy Inc quarterly earnings per share for the current quarter are estimated at $0.73 with sales reaching $5.92B over the same period.The EPS is expected to grow by 7.29% this year, but quarterly earnings will post -1.50% year-over-year. Quarterly sales are estimated to grow 7.60% in year-over-year returns.

NextEra Energy Inc (NEE) Top Institutional Holders

3,049 institutions hold shares in NextEra Energy Inc (NEE), with institutional investors hold 81.49% of the company’s shares. The shares outstanding are 2.05B, and float is at 2.04B with Short Float at 1.22%. Institutions hold 81.35% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 196.47 million shares valued at $14.58 billion. The investor’s holdings represent 9.71% of the NEE Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 151.28 million shares valued at $11.22 billion to account for 7.48% of the shares outstanding. The other top investors are State Street Corporation which holds 111.49 million shares representing 5.51% and valued at over $8.27 billion, while JP Morgan Chase & Company holds 3.72% of the shares totaling 75.36 million with a market value of $5.59 billion.

NextEra Energy Inc (NEE) Insider Activity

The most recent transaction is an insider sale by May James Michael,the company’sVP, Controller and CAO. SEC filings show that May James Michael sold 1,938 shares of the company’s common stock on Mar 13 ’24 at a price of $59.00 per share for a total of $0.11 million. Following the sale, the insider now owns 17432.0 shares.

NextEra Energy Inc disclosed in a document filed with the SEC on Feb 07 ’24 that HACHIGIAN KIRK S (Director) bought a total of 20,000 shares of the company’s common stock. The trade occurred on Feb 07 ’24 and was made at $55.84 per share for $1.12 million. Following the transaction, the insider now directly holds 25000.0 shares of the NEE stock.

Still, SEC filings show that on Dec 14 ’23, Pimentel Armando Jr (Director, Pres & CEO of Sub) disposed off 91,160 shares at an average price of $63.52 for $5.79 million. The insider now directly holds 129,230 shares of NextEra Energy Inc (NEE).

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