In yesterday’s Wall Street session, NextEra Energy Inc (NYSE:NEE) shares traded at $70.97, down -6.62% from the previous session.
NEE stock price is now -4.15% away from the 50-day moving average and 13.32% away from the 200-day moving average. The market capitalization of the company currently stands at $145.81B.
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With the price target maintained at $71, Mizuho recently Downgraded its rating from Buy to Neutral for NextEra Energy Inc (NYSE: NEE). On April 10, 2024, Barclays recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $66, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Sieving Charles E, EVP, Chief Legal sold 51,723 shares of the company’s stock on May 31 ’24. The stock was sold for $4,062,600 at an average price of $78.55. Upon completion of the transaction, the EVP, Chief Legal now directly owns 197,692 shares in the company, valued at $14.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13 ’24, VP, Controller and CAO May James Michael sold 1,938 shares of the business’s stock. A total of $114,342 was realized by selling the stock at an average price of $59.00. This leaves the insider owning 17,432 shares of the company worth $1.24 million. A total of 0.08% 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 $80.47. 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 stock market information, the enterprise value for the company is $245187477504, which is based on a 19.34 price-to-earnings ratio, a 2.36 price-to-earnings-growth ratio, and a beta of 0.54. The fifty day moving average price for NEE is $74.0428 and a two-hundred day moving average price translates $62.62835 for the stock.
The latest earnings results from NextEra Energy Inc (NYSE: NEE) was released for 2024-03-31. 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.
