NextEra Energy Inc (NYSE:NEE) shares traded 0.38% higher at $76.97 on Wall Street last session.
NEE stock price is now 3.84% away from the 50-day moving average and 19.84% away from the 200-day moving average. The market capitalization of the company currently stands at $158.20B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, Daggs Nicole J, Member of immediate family of bought 658 shares of the company’s stock on Aug 01 ’24. The stock was bought for $50,646 at an average price of $76.97. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 01 ’24, EVP, Human Res & Corp Svcs Daggs Nicole J sold 658 shares of the business’s stock. A total of $50,646 was realized by selling the stock at an average price of $76.97. This leaves the insider owning 100 shares of the company worth $7697.0. 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 $80.56. As of last week, the company has a debt-to-equity ratio of 1.68, a current ratio of 0.49, and a quick ratio of 0.41. According to the stock market information, the enterprise value for the company is $249578569728, which is based on a 25.00 price-to-earnings ratio, a 3.05 price-to-earnings-growth ratio, and a beta of 0.53. The fifty day moving average price for NEE is $74.1584 and a two-hundred day moving average price translates $64.34425 for the stock.
The latest earnings results from NextEra Energy Inc (NYSE: NEE) was released for 2024-06-30. The net profit margin was 25.82% and return on equity was 13.45% for NEE. The company reported revenue of $6.07 billion for the quarter, compared to $7.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.42 percent. For the current quarter, analysts expect NEE to generate $8.07B in revenue.
