In yesterday’s Wall Street session, NextEra Energy Inc (NYSE:NEE) shares traded at $75.42, up 1.13% from the previous session.
NEE stock price is now 17.88% away from the 50-day moving average and 22.96% away from the 200-day moving average. The market capitalization of the company currently stands at $154.95B.
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With the price target of $66, Barclays recently initiated with Equal Weight rating for NextEra Energy Inc (NYSE: NEE). On December 08, 2023, Citigroup recently initiated its ‘Buy’ rating on the stock quoting a target price of $69, while ‘Seaport Research Partners’ rates the stock as ‘Sell’
In other news, May James Michael, VP, Controller and CAO sold 1,938 shares of the company’s stock on Mar 13 ’24. The stock was sold for $114,342 at an average price of $59.00. Upon completion of the transaction, the VP, Controller and CAO now directly owns 17,432 shares in the company, valued at $1.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 07 ’24, Director HACHIGIAN KIRK S bought 20,000 shares of the business’s stock. A total of $1,116,700 was incurred on buying the stock at an average price of $55.84. This leaves the insider owning 25,000 shares of the company worth $1.89 million. A total of 0.40% of the company’s stock is owned by insiders.
During the past 12 months, NextEra Energy Inc has had a low of $47.15 and a high of $78.53. As of last week, the company has a debt-to-equity ratio of 1.64, a current ratio of 0.51, and a quick ratio of 0.43.
According to the Utilities – Regulated Electric Company, earnings per share came in at 0.88, beating analysts’ expectations of 0.82 by 0.06. This compares to $1.04 EPS in the same period last year. The net profit margin was 31.23% and return on equity was 16.37% for NEE. The company reported revenue of $5.73 billion for the quarter, compared to $6.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.67 percent. For the current quarter, analysts expect NEE to generate $7.13B in revenue.
