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Wednesday, March 22, 2023

There’s No Getting Around NextEra Energy Inc. (NYSE: NEE) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for NextEra Energy Inc. (NEE) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.03, or -0.04%, to $73.26. The NextEra Energy Inc. has recorded 175,362 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted State regulators approve FPL April bill adjustment; decrease proposed in May.


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Stocks Info

NEE belongs to the Utilities sector of the NYSE while operating in the Utilities – Regulated Electric industry. At the end of the last regular session, the stock closed at $73.29 and fluctuated between $75.18 as its day high and $73.00 as its day low. The current market capitalization of NextEra Energy Inc. is $147.16B. A total of 8.39 million shares were traded on the day, compared to an average of 8.79M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, NEE has seen 36 BUY and 18 SELL insider trades, representing the acquisition of 271,591 and the disposition of 71,075 shares. Over the last 12 months, there were 45 BUYs and 32 SELLs from insiders. Insiders purchased 329,036 shares during that period but sold 138,682.

In the most recent transaction, HACHIGIAN KIRK S bought 10,000 shares of NEE for 70.00 per share on Mar 01. After the transaction, the Director now owns 10,000 company shares. In a previous transaction on Feb 21, Pimentel Armando Jr bought 13,200 shares at 75.44 per share. NEE shares that Director, Pres & CEO of Sub owns now total 129,230.

Among the insiders who bought shares, PORGES DAVID L acquired of 7,000 shares on Feb 09 at a per-share price of $73.27. This resulted in the Director holding 42,524 shares of NEE after the transaction. In another insider transaction, CAMAREN JAMES LAWRENCE bought 2,000 shares at $73.50 per share on Feb 09. Company shares held by the Director now total 147,930.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. NextEra Energy Inc. pays an annual dividend of $1.87, resulting in a dividend yield of 2.55%, and it has a price to earnings (P/E) ratio of 35.07. NEE’s most recent ex-dividend date was 2/27/2023 when it declared a $0.4675 quarterly dividend that was paid in cash on 3/15/2023. Previously, the company paid the dividend on 12/15/2022 with an ex-dividend date of 11/23/2022. The NEE stock dividend was $0.4250 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for NEE in the last 3 months, the mean price target is $93.86 with high estimates of $108.00 and low estimates of $80.00. In terms of 52-week highs and lows, NEE has a high of $91.35 and a low of $67.22.

As of this writing, NEE has an earnings estimate of $0.68 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.98 per share and a lower estimate of $0.4. The company reported an EPS of $0.85 in the last quarter, which was 6.20% higher than expectations of $0.8.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 19 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NEE is Underweight with a score of 4.36. A total of 14 analysts rated the stock as Buy while 1 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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