NextEra Energy Inc. [NYSE: NEE] gained 0.54% on the last trading session, reaching $72.29 price per share at the time. The company report on May 17, 2021 that NextEra Energy Partners, LP announces agreement to upsize its existing 2020 convertible equity portfolio financing by $150 million.
NextEra Energy Partners, LP (NYSE: NEP) announced that it has entered into an amended agreement to upsize by $150 million its existing convertible equity portfolio financing with KKR (the Investor), through its core infrastructure strategy. NextEra Energy Partners originally entered into the 10-year convertible equity portfolio financing in November 2020.
“The agreement announced demonstrates the continued robust private infrastructure demand for the high-quality assets in NextEra Energy Partners’ portfolio and our strong continued relationship with KKR, which is providing us with an attractive low-cost source of capital,” said Jim Robo, chairman and chief executive officer. “This is a terrific source of capital for NextEra Energy Partners and supports funding for the acquisition of the previously announced 400-megawatt portfolio of wind projects. In addition, the upsizing of what is the lowest-cost and longest-dated convertible equity portfolio financing in the partnership’s history is expected to provide significant benefits for unitholders. We continue to believe that NextEra Energy Partners is uniquely positioned to take advantage of the disruptive factors reshaping the energy industry, meet its long-term growth objectives and deliver unitholder value going forward.”.
NextEra Energy Inc. represents 1.96 billion in outstanding shares, while the company has a total market value of $140.84 billion with the latest information. NEE stock price has been found in the range of $71.28 to $72.665.
If compared to the average trading volume of 8.88M shares, NEE reached a trading volume of 8118233 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about NextEra Energy Inc. [NEE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NEE shares is $89.95 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NEE stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Credit Suisse have made an estimate for NextEra Energy Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 08, 2021. While these analysts kept the previous recommendation, Bernstein raised their target price to Outperform. The new note on the price target was released on March 03, 2021, representing the official price target for NextEra Energy Inc. stock. Previously, the target price had yet another raise to $229, while Seaport Global Securities analysts kept a Buy rating on NEE stock.
The Average True Range (ATR) for NextEra Energy Inc. is set at 1.49, with the Price to Sales ratio for NEE stock in the period of the last 12 months amounting to 8.23. The Price to Book ratio for the last quarter was 3.79, with the Price to Cash per share for the same quarter was set at 0.75. Price to Free Cash Flow for NEE in the course of the last twelve months was 31.39 with Quick ratio for the last quarter at 0.40.
Trading performance analysis for NEE stock
NextEra Energy Inc. [NEE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.40. With this latest performance, NEE shares dropped by -9.40% in over the last four-week period, additionally sinking by -6.35% over the last 6 months – not to mention a rise of 22.81% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NEE stock in for the last two-week period is set at 36.89, with the RSI for the last a single of trading hit 34.46, and the three-weeks RSI is set at 39.70 for NextEra Energy Inc. [NEE]. The present Moving Average for the last 50 days of trading for this stock 75.65, while it was recorded at 72.30 for the last single week of trading, and 75.13 for the last 200 days.
NextEra Energy Inc. [NEE]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and NextEra Energy Inc. [NEE] shares currently have an operating margin of +23.57 and a Gross Margin at +33.58. NextEra Energy Inc.’s Net Margin is presently recorded at +17.09.
Return on Total Capital for NEE is now 4.51, given the latest momentum, and Return on Invested Capital for the company is 3.79. Return on Equity for this stock inclined to 7.94, with Return on Assets sitting at 2.38. When it comes to the capital structure of this company, NextEra Energy Inc. [NEE] has a Total Debt to Total Equity ratio set at 133.19. Additionally, NEE Total Debt to Total Capital is recorded at 57.12, with Total Debt to Total Assets ending up at 38.09. Long-Term Debt to Equity for the company is recorded at 116.36, with the Long-Term Debt to Total Capital now at 49.90.
Reflecting on the efficiency of the workforce at the company, NextEra Energy Inc. [NEE] managed to generate an average of $211,522 per employee. Receivables Turnover for the company is 5.91 with a Total Asset Turnover recorded at a value of 0.14.NextEra Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.50.
NextEra Energy Inc. [NEE]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, NextEra Energy Inc. posted 0.65/share EPS, while the average EPS was predicted by analysts to be reported at 0.63/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NEE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NextEra Energy Inc. go to 8.39%.
An analysis of insider ownership at NextEra Energy Inc. [NEE]
There are presently around $108,725 million, or 79.70% of NEE stock, in the hands of institutional investors. The top three institutional holders of NEE stocks are: VANGUARD GROUP INC with ownership of 175,510,062, which is approximately -0.337% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 151,973,721 shares of the stock with an approximate value of $10.99 billion in NEE stocks shares; and STATE STREET CORP, currently with $7.02 billion in NEE stock with ownership of nearly -1.496% of the company’s market capitalization.
1,137 institutional holders increased their position in NextEra Energy Inc. [NYSE:NEE] by around 77,863,709 shares. Additionally, 875 investors decreased positions by around 86,119,773 shares, while 247 investors held positions by with 1,340,025,096 shares. The mentioned changes placed institutional holdings at 1,504,008,578 shares, according to the latest SEC report filing. NEE stock had 161 new institutional investments in for a total of 18,480,627 shares, while 116 institutional investors sold positions of 4,411,188 shares during the same period.