NextEra Energy Inc [NEE] Revenue clocked in at $22.63 billion, down -5.73% YTD: What’s Next?

NextEra Energy Inc [NYSE: NEE] loss -0.68% or -0.39 points to close at $57.26 with a heavy trading volume of 12712548 shares. The company report on January 11, 2024 at 6:30 AM that NextEra Energy announces date for release of fourth-quarter and full-year 2023 financial results.

NextEra Energy, Inc. (NYSE: NEE) today announced that it plans to report fourth-quarter and full-year 2023 financial results before the opening of the New York Stock Exchange on Thursday, Jan. 25, 2024, in a news release to be posted on the company’s website at www.NextEraEnergy.com/FinancialResults. The company will issue an advisory news release over PR Newswire the morning of Jan. 25, with a link to the financial results news release on the company’s website. As previously communicated, the company will make available its financial results only on its website.

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John Ketchum, chairman, president and chief executive officer of NextEra Energy, Kirk Crews, executive vice president, finance and chief financial officer of NextEra Energy, and other members of the company’s senior management team will discuss the company’s fourth-quarter and full-year 2023 financial results during an investor presentation to be webcast live, beginning at 9 a.m. ET on Jan. 25. Results for NextEra Energy Partners, LP (NYSE: NEP) also will be discussed during the same investor presentation.

The daily chart for NEE points out that the company has recorded -22.73% loss over the past six months.

If we look at the average trading volume of 11.79M shares, NEE reached to a volume of 12712548 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 $69.68 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 1.37, with the Price to Sales ratio for NEE stock in the period of the last 12 months amounting to 5.19. The Price to Book ratio for the last quarter was 2.49, with the Price to Cash per share for the same quarter was set at 0.77.

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 -5.70. With this latest performance, NEE shares dropped by -6.13% in over the last four-week period, additionally sinking by -22.73% over the last 6 months – not to mention a drop of -31.67% 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 34.65, with the RSI for the last a single of trading hit 25.83, and the three-weeks RSI is set at 40.18 for NextEra Energy Inc [NEE]. The present Moving Average for the last 50 days of trading for this stock 59.36, while it was recorded at 58.91 for the last single week of trading, and 66.79 for the last 200 days.

NextEra Energy Inc [NEE]: A deeper dive into fundamental analysis

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.

NextEra Energy Inc [NEE]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, NextEra Energy Inc posted 0.51/share EPS, while the average EPS was predicted by analysts to be reported at 0.49/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.10%. 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%.

An analysis of Institutional ownership at NextEra Energy Inc [NEE]

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%.