NextEra Energy Inc (NYSE:NEE) shares, rose in value, with the stock price up by 0.54% to the previous day’s close as strong demand from buyers drove the stock to $66.56.
Actively observing the price movement in the last trading, the stock closed the session at $66.20. The PE ratio was 18.14 over 12-month period. Referring to stock’s 52-week performance, its high was $79.25, and the low was $47.15. On the whole, NEE has fluctuated by 6.31% over the past month.
The company’s Forward Dividend Ratio is 1.92, with its dividend yield at 2.88%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.95, which is expected to increase to $1.44 for fiscal year $3.4 and then to about $3.68 by fiscal year 2025. Data indicates that the EPS growth is expected to be 7.30% in 2025, while the next year’s EPS growth is forecast to be 8.20%.
Analysts have estimated the company’s revenue for the quarter at $7.16 billion, with a low estimate of $6.1 billion and a high estimate of $8 billion. According to the average forecast, sales growth in current quarter could jump down -2.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $27.87 billion, representing a decrease of -0.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that NEE’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.31, with the price of NEE currently trading nearly 4.39% and 10.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 68.08, while the 7-day volatility ratio is showing 2.50% which for the 30-day chart, stands at 2.24%. Furthermore, NextEra Energy Inc (NEE)’s beta value is 0.50, and its average true range (ATR) is 1.56.
A comparison of NextEra Energy Inc (NEE) with its peers suggests the former has fared considerably weaker in the market. NEE showed an intraday change of 0.54% in last session, and over the past year, it shrunk by -15.79%%.
Data on historical trading for NextEra Energy Inc (NYSE:NEE) indicates that the trading volumes over the past 3 months, they’ve averaged 12.33 million. According to company’s latest data on outstanding shares, there are 2.05 billion shares outstanding.
Nearly 0.40% of NextEra Energy Inc’s shares belong to company insiders and institutional investors own 80.08% of the company’s shares. The stock has risen by 9.58% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NEE stock heading into the next quarter.
