NextEra Energy Inc [NEE] Stock trading around $57.55 per share: What’s Next?

NextEra Energy Inc [NYSE: NEE] stock went on an upward path that rose over 1.71% on Monday, amounting to a one-week price increase of more than 2.82%. The company report on January 25, 2024 at 7:30 AM that NextEra Energy fourth-quarter and full-year 2023 financial results available on company’s website.

NextEra Energy, Inc. (NYSE: NEE) has posted its fourth-quarter and full-year 2023 financial results in a news release available on the company’s website by accessing the following link: www.NextEraEnergy.com/FinancialResults.

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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 today. The listen-only webcast will be available on NextEra Energy’s website by accessing the following link: www.NextEraEnergy.com/FinancialResults. Also discussed during the investor presentation will be financial results for NextEra Energy Partners, LP (NYSE: NEP). A replay will be available for 90 days by accessing the same link as listed above.

Over the last 12 months, NEE stock dropped by -21.45%. The one-year NextEra Energy Inc stock forecast points to a potential upside of 18.3. The average equity rating for NEE stock is currently 1.59, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $118.08 billion, with 2.05 billion shares outstanding and 2.04 billion shares in the current float. Compared to the average trading volume of 0.88 shares, NEE stock reached a trading volume of 9620856 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $70.44 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 1.36, with the Price to Sales ratio for NEE stock in the period of the last 12 months amounting to 4.84. The Price to Book ratio for the last quarter was 2.51, with the Price to Cash per share for the same quarter was set at 1.31. Price to Free Cash Flow for NEE in the course of the last twelve months was 67.36 with Quick ratio for the last quarter at 0.47.

NEE Stock Performance Analysis:

NextEra Energy Inc [NEE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.82. With this latest performance, NEE shares dropped by -5.22% in over the last four-week period, additionally sinking by -16.50% over the last 6 months – not to mention a drop of -21.45% 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 46.07, with the RSI for the last a single of trading hit 47.94, and the three-weeks RSI is set at 46.17 for NextEra Energy Inc [NEE]. The present Moving Average for the last 50 days of trading for this stock 59.53, while it was recorded at 56.61 for the last single week of trading, and 65.15 for the last 200 days.

Insight into NextEra Energy Inc Fundamentals:

NextEra Energy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.47 and a Current Ratio set at 0.55.

NEE Stock EPS

With the latest financial reports released by the company, NextEra Energy Inc posted 0.84/share EPS, while the average EPS was predicted by analysts to be reported at 0.72/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 16.70%. 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 7.81%.

NextEra Energy Inc [NEE] Institutonal Ownership Details

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%.