NextEra Energy Inc. (NYSE:NEE) Projected To Shrink By -26.89% Or More

In recent trading session, NextEra Energy Inc. (NYSE:NEE) saw 1.56 million shares changing hands at last check today with its beta currently measuring 0.47. Company’s recent per share price level of $90.63 trading at $0.85 or 0.95% at last check today assigns it a market valuation of $176.40B. That most recent trading price of NEE’s stock is at a discount of -3.42% from its 52-week high price of $93.73 and is indicating a premium of 25.83% from its 52-week low price of $67.22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.28 million shares which gives us an average trading volume of 9.21 million if we extend that period to 3-months.

For NextEra Energy Inc. (NEE), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.10. Splitting up the data highlights that, out of 19 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 8 suggested the stock as a Hold whereas 11 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.79 in the current quarter.

Upright in the green today for gaining 0.95%, in the last five days NEE remained trading in the green while hitting it’s week-highest on Thursday, 08/11/22 when the stock touched $90.63 price level, adding 0.4% to its value on the day. NextEra Energy Inc.’s shares saw a change of -3.83% in year-to-date performance and have moved 3.84% in past 5-day. NextEra Energy Inc. (NYSE:NEE) showed a performance of 12.30% in past 30-days. Number of shares sold short was 23.52 million shares which calculate 3.01 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $92.19 to the stock, which implies a rise of 1.69% to its recent value today. Analysts have been projecting $79.00 as a low price target for the stock while placing it at a high target of $115.00. It follows that stock’s current price would drop -26.89% in reaching the projected high whereas dropping to the targeted low would mean a gain of 12.83% for stock’s current value.

NextEra Energy Inc. (NEE) estimates and forecasts

Statistics highlight that NextEra Energy Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 18.98% of value to its shares in past 6 months, showing an annual growth rate of 12.55% while that of industry is 6.20. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 5.30% in the current quarter and calculating 34.10% increase in the next quarter. This year revenue growth is estimated to rise 23.70% from the last financial year’s standing.

9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $5.66 billion for the same. And 9 analysts are in estimates of company making revenue of $6.62 billion in the next quarter that will end on Dec 2022. Company posted $5.42 billion and $5.05 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 4.50% while estimating it to be 31.10% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 3.00% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 18.70% while estimates for its earnings growth in next 5 years are of 9.07%.

NEE Dividends

NextEra Energy Inc. is more likely to be releasing its next quarterly report between October 18 and October 24 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

NextEra Energy Inc. (NYSE:NEE)’s Major holders

Insiders are in possession of 0.26% of company’s total shares while institution are holding 80.06 percent of that, with stock having share float percentage of 80.27%. Investors also watch the number of corporate investors in a company very closely, which is 80.06% institutions for NextEra Energy Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at NEE for having 182.36 million shares of worth $16.55 billion. And as of Mar 30, 2022, it was holding 9.28% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 147.83 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 7.52% of outstanding shares, having a total worth of $13.42 billion.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 56.64 million shares of worth $5.14 billion or 2.88% of the total outstanding shares. The later fund manager was in possession of 42.94 million shares on Mar 30, 2022, making its stake of worth around $3.9 billion in the company or a holder of 2.19% of company’s stock.

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