Stocks of NextEra Energy Inc (NYSE:NEE) traded higher last session on Wall Street, down -0.62% to $84.29.
NEE stock price is now 7.49% away from the 50-day moving average and 23.53% away from the 200-day moving average. The market capitalization of the company currently stands at $173.25B.
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With the price target of $87, Jefferies recently initiated with Hold rating for NextEra Energy Inc (NYSE: NEE). On June 12, 2024, Mizuho Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $71, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Sieving Charles E, EVP, Chief Legal sold 37,588 shares of the company’s stock on Sep 16 ’24. The stock was sold for $3,194,980 at an average price of $85.00. Upon completion of the transaction, the EVP, Chief Legal now directly owns 197,692 shares in the company, valued at $16.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, Officer Sieving Charles E bought 37,588 shares of the business’s stock. A total of $3,194,980 was incurred on buying the stock at an average price of $85.00. 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 $85.56. 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 $264623751168, which is based on a 27.37 price-to-earnings ratio, a 3.34 price-to-earnings-growth ratio, and a beta of 0.55. The fifty day moving average price for NEE is $78.6848 and a two-hundred day moving average price translates $68.35335 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.
