A new trading day began on Friday, with NextEra Energy Inc (NYSE: NEE) stock price down -2.40% from the previous day of trading, before settling in for the closing price of $79.25. NEE’s price has ranged from $53.81 to $86.10 over the past 52 weeks.
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Annual sales at Utilities sector company grew by 8.06% over the past five years. Meanwhile, its annual earnings per share averaged 7.92%. With a float of $2.05 billion, this company’s outstanding shares have now reached $2.06 billion.
Let’s look at the performance matrix of the company that is accounted for 16800 employees. In terms of profitability, gross margin is 56.81%, operating margin of 35.05%, and the pretax margin is 23.11%.
NextEra Energy Inc (NEE) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Regulated Electric Industry. The insider ownership of NextEra Energy Inc is 0.09%, while institutional ownership is 82.12%. The most recent insider transaction that took place on Sep 16 ’24, was worth 3,194,980. In this transaction EVP, Chief Legal of this company sold 37,588 shares at a rate of $85.00, taking the stock ownership to the 197,692 shares. Before that another transaction happened on Sep 16 ’24, when Company’s Officer proposed sale 37,588 for $85.00, making the entire transaction worth $3,194,980.
NextEra Energy Inc (NEE) Performance Highlights and Predictions
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.52 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.93 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.92% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.90% during the next five years compared to 0.74% growth over the previous five years of trading.
NextEra Energy Inc (NYSE: NEE) Trading Performance Indicators
Here are NextEra Energy Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.33. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.56. Likewise, its price to free cash flow for the trailing twelve months is 28.80.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.38, a number that is poised to hit 0.55 in the next quarter and is forecasted to reach 3.69 in one year’s time.
Technical Analysis of NextEra Energy Inc (NEE)
NextEra Energy Inc (NYSE: NEE) saw its 5-day average volume 13.44 million, a positive change from its year-to-date volume of 10.8 million. As of the previous 9 days, the stock’s Stochastic %D was 7.07%. Additionally, its Average True Range was 1.84.
During the past 100 days, NextEra Energy Inc’s (NEE) raw stochastic average was set at 48.91%, which indicates a significant increase from 4.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.38% in the past 14 days, which was higher than the 26.14% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $82.37, while its 200-day Moving Average is $71.41. Nevertheless, the first resistance level for the watch stands at $78.88 in the near term. At $80.41, the stock is likely to face the second major resistance level. The third major resistance level sits at $81.37. If the price goes on to break the first support level at $76.39, it is likely to go to the next support level at $75.43. Assuming the price breaks the second support level, the third support level stands at $73.90.
NextEra Energy Inc (NYSE: NEE) Key Stats
With a market capitalization of 155.25 billion, the company has a total of 2,056,405K Shares Outstanding. Currently, annual sales are 28,114 M while annual income is 7,310 M. The company’s previous quarter sales were 7,567 M while its latest quarter income was 1,852 M.
