The stock of NextEra Energy Inc (NYSE:NEE) last traded at $84.65, up 1.43% from the previous session.
NEE stock price is now 10.10% away from the 50-day moving average and 25.72% away from the 200-day moving average. The market capitalization of the company currently stands at $173.99B.
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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, Pimentel Armando Jr, Director, Pres & CEO of Sub sold 99,412 shares of the company’s stock on Aug 26 ’24. The stock was sold for $7,952,960 at an average price of $80.00. Upon completion of the transaction, the Director, Pres & CEO of Sub now directly owns 148,104 shares in the company, valued at $12.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 26 ’24, Officer Pimentel Armando Jr bought 99,412 shares of the business’s stock. A total of $7,952,960 was incurred on buying the stock at an average price of $80.00. A total of 0.09% 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 $83.97. 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 $265363685376, which is based on a 27.49 price-to-earnings ratio, a 3.35 price-to-earnings-growth ratio, and a beta of 0.55. The fifty day moving average price for NEE is $77.1416 and a two-hundred day moving average price translates $67.4696 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.
