Momentum Is Strong For NextEra Energy Inc (NYSE: NEE)

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed NextEra Energy and NextEra Energy Partners to meet with investors in early to mid-March.

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Stocks Info

This NYSE-listed company operates within the Utilities – Regulated Electric industry segment, falling under the Utilities sector. At the end of the last regular session, the stock closed at $57.81 and fluctuated between $58.16 as its day high and $56.31 as its day low. The current market capitalization of NextEra Energy Inc is $118.65B. A total of 12.71 million shares were traded on the day, compared to an average of 11.23M shares.

In the most recent transaction, HACHIGIAN KIRK S bought 20,000 shares of NEE for 55.84 per share on Feb 07 ’24. After the transaction, the Director now owns 25,000 company shares. In a previous transaction on Dec 14 ’23, Pimentel Armando Jr sold 91,160 shares at 63.52 per share. NEE shares that Director, Pres & CEO of Sub owns now total 129,230.

Among the insiders who bought shares, Arnaboldi Nicole S acquired of 8,500 shares on Dec 08 ’23 at a per-share price of $59.59. This resulted in the Director holding 11,523 shares of NEE after the transaction. In another insider transaction, NEXTERA ENERGY INC bought 3,097,524 shares at $24.21 per share on Oct 06 ’23. Company shares held by the 10% Owner now total 4,097,524.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. NextEra Energy Inc pays an annual dividend of $1.92, resulting in a dividend yield of 3.32%, and it has a price to earnings (P/E) ratio of 16.03. NEE’s most recent ex-dividend date was 2/26/2024 when it declared a $0.5150 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/22/2023. The NEE stock dividend was $0.4675 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, NEE has a high of $79.78 and a low of $47.15.

As of this writing, NEE has an earnings estimate of $0.72 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.91 per share and a lower estimate of $0.38. The company reported an EPS of $0.94 in the last quarter, which was 8.00% higher than expectations of $0.87.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. NEE’s latest balance sheet shows that the firm has $639.00M in Cash & Short Term Investments as of fiscal 2021. There were $54.83B in debt and $17.44B in liabilities at the time. Its Book Value Per Share was $23.13, while its Total Shareholder’s Equity was $45.42B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 4.31.

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