NextEra Energy Inc [NEE] is 3.59% higher this YTD. Is it still time to buy?

NextEra Energy Inc [NYSE: NEE] closed the trading session at $62.92 on 01/08/24. The day’s price range saw the stock hit a low of $61.5916, while the highest price level was $63.055. The company report on December 28, 2023 at 4:05 PM that NextEra Energy Partners, LP completes sale of Texas natural gas pipeline portfolio.

NextEra Energy Partners, LP (NYSE: NEP) today announced it has closed on its previously disclosed agreement with Kinder Morgan, Inc. (NYSE: KMI) to sell its Texas natural gas pipeline portfolio for $1.815 billion.

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“The completion of this sale is an important step in NextEra Energy Partners’ transition plans,” said John Ketchum, chairman and chief executive officer. “With the Texas natural gas pipeline portfolio sale complete, the partnership has sufficient proceeds available to address the equity buyouts of the STX Midstream and NEP Renewables II convertible equity portfolio financings.”.

The stocks have a year to date performance of 3.59 percent and weekly performance of 3.59 percent. The stock has been moved at -12.26 percent over the last six months. The stock has performed 4.52 percent around the most recent 30 days and changed 25.24 percent over the most recent 3-months.

If compared to the average trading volume of 13.37M shares, NEE reached to a volume of 7766362 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $68.91 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 1.59. 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.

Citigroup have made an estimate for NextEra Energy Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 08, 2023.

The Average True Range (ATR) for NextEra Energy Inc is set at 1.42, with the Price to Sales ratio for NEE stock in the period of the last 12 months amounting to 5.71. The Price to Book ratio for the last quarter was 2.74, with the Price to Cash per share for the same quarter was set at 0.77.

NEE stock trade performance evaluation

NextEra Energy Inc [NEE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.59. With this latest performance, NEE shares gained by 4.52% in over the last four-week period, additionally sinking by -12.26% over the last 6 months – not to mention a drop of -23.85% 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 65.47, with the RSI for the last a single of trading hit 70.80, and the three-weeks RSI is set at 61.39 for NextEra Energy Inc [NEE]. The present Moving Average for the last 50 days of trading for this stock 59.09, while it was recorded at 62.07 for the last single week of trading, and 67.43 for the last 200 days.

NextEra Energy Inc [NEE]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and NextEra Energy Inc [NEE] shares currently have an operating margin of +34.59 and a Gross Margin at +42.40. NextEra Energy Inc’s Net Margin is presently recorded at +15.59.

Return on Total Capital for NEE is now 8.52, given the latest momentum, and Return on Invested Capital for the company is 4.52. Return on Equity for this stock inclined to 10.85, with Return on Assets sitting at 2.77. When it comes to the capital structure of this company, NextEra Energy Inc [NEE] has a Total Debt to Total Equity ratio set at 166.63. Additionally, NEE Total Debt to Total Capital is recorded at 62.49, with Total Debt to Total Assets ending up at 41.13. Long-Term Debt to Equity for the company is recorded at 141.87, with the Long-Term Debt to Total Capital now at 53.21.

Reflecting on the efficiency of the workforce at the company, NextEra Energy Inc [NEE] managed to generate an average of $271,046 per employee. Receivables Turnover for the company is 5.78 with a Total Asset Turnover recorded at a value of 0.18.NextEra Energy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.43 and a Current Ratio set at 0.50.

Earnings per share (EPS) analysis for NextEra Energy Inc [NEE] stock

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 8.15%.

NextEra Energy Inc [NEE]: Institutional Ownership

The top three institutional holders of NEE stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in NEE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in NEE stock with ownership which is approximately 5.8325%.