NextEra Energy Inc (NYSE: NEE) is 22.26% 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 $75.91 in the last trading session, with the day’s loss setting it -1.65%.
Currently trading at $74.26, the stock is -7.23% and -9.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.53 million and changing -2.17% at the moment leaves the stock 3.06% off its SMA200. NEE registered 34.68% gain for a year compared to 6-month gain of -1.54%. The firm has a 50-day simple moving average (SMA 50) of $81.8398 and a 200-day simple moving average (SMA200) of $72.0555.
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The stock witnessed a -10.43% loss in the last 1 month and extending the period to 3 months gives it a -4.81%, and is -5.58% 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 2.68% over the week and 2.21% over the month.
NextEra Energy Inc (NEE) has around 16800 employees, a market worth around $152.71B and $23.66B in sales. Current P/E ratio is 21.98 and Fwd P/E is 20.13. Profit margin for the company is 29.38%. Distance from 52-week low is 38.00% and -13.75% from its 52-week high. The company has generated returns on investments over the last 12 months (5.99%).
The EPS is expected to grow by 7.93% this year.
NextEra Energy Inc (NEE) Top Institutional Holders
3300.0 institutions hold shares in NextEra Energy Inc (NEE), with institutional investors hold 83.19% of the company’s shares. The shares outstanding are 2.06B, and float is at 2.05B with Short Float at 1.57%. Institutions hold 83.12% 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
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NextEra Energy Inc disclosed in a document filed with the SEC on Sep 16 ’24 that Sieving Charles E (EVP, Chief Legal) sold a total of 37,588 shares of the company’s common stock. The trade occurred on Sep 16 ’24 and was made at $85.00 per share for $3.19 million. Following the transaction, the insider now directly holds 0.2 million shares of the NEE stock.
Still, SEC filings show that on Sep 16 ’24, Sieving Charles E (Officer) Proposed Sale 37,588 shares at an average price of $85.00 for $3.19 million. The insider now directly holds shares of NextEra Energy Inc (NEE).
