NextEra Energy Inc (NYSE: NEE) is 29.49% higher on its value in year-to-date trading and has touched a low of $53.81 and a high of $86.10 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 $78.37 in the last trading session, with the day’s gains setting it 0.28%.
Currently trading at $78.65, the stock is -3.72% and -4.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.99 million and changing 0.36% at the moment leaves the stock 9.81% off its SMA200. NEE registered 32.45% gain for a year compared to 6-month gain of 9.31%. The firm has a 50-day simple moving average (SMA 50) of $82.3438 and a 200-day simple moving average (SMA200) of $71.5172.
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The stock witnessed a -2.04% loss in the last 1 month and extending the period to 3 months gives it a 1.41%, and is -1.14% down 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 2.26% over the week and 2.01% over the month.
NextEra Energy Inc (NEE) has around 16800 employees, a market worth around $161.74B and $23.66B in sales. Current P/E ratio is 23.28 and Fwd P/E is 21.32. Profit margin for the company is 29.38%. Distance from 52-week low is 46.16% and -8.65% from its 52-week high. The company has generated returns on investments over the last 12 months (5.99%).
with sales reaching $6.81B over the same period.The EPS is expected to grow by 7.93% this year, but quarterly earnings will post -2.50% year-over-year. Quarterly sales are estimated to shrink -0.90% in year-over-year returns.
NextEra Energy Inc (NEE) Top Institutional Holders
3270.0 institutions hold shares in NextEra Energy Inc (NEE), with institutional investors hold 83.44% of the company’s shares. The shares outstanding are 2.06B, and float is at 2.05B with Short Float at 1.36%. Institutions hold 83.37% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 200.91 million shares valued at $14.23 billion. The investor’s holdings represent 9.7935% of the NEE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 150.31 million shares valued at $10.64 billion to account for 7.3267 of the shares outstanding. The other top investors are STATE STREET CORP which holds 106.51 million shares representing 5.1918% and valued at over $7.54 billion, while JPMORGAN CHASE & CO holds 4.1117 of the shares totaling 84.35 million with a market value of $5.97 billion.
NextEra Energy Inc (NEE) Insider Activity
The most recent transaction is an insider sale by Sieving Charles E, the company’s EVP, Chief Legal. SEC filings show that Sieving Charles E sold 37,588 shares of the company’s common stock on Sep 16 ’24 at a price of $85.00 per share for a total of $3.19 million. Following the sale, the insider now owns 0.2 million shares.
Still, SEC filings show that on Aug 26 ’24, Pimentel Armando Jr (Director, Pres & CEO of Sub) disposed off 99,412 shares at an average price of $80.00 for $7.95 million. The insider now directly holds 148,104 shares of NextEra Energy Inc (NEE).
