Why NextEra Energy, Inc. (NYSE:NEE) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $128.930 on NextEra Energy, Inc. (NYSE:NEE) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $6.170 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of NextEra Energy, Inc. (NYSE:NEE) stands at 20.893. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For NextEra Energy, Inc. Common Sto, the PEG ratio for coming 3-5 years is 2.710. Technical Analysis The technical analysis highlights that NextEra Energy, Inc. Common Sto current price is trading $4.044 points away +3.347% from $120.831, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $113.608 and, for now, the stock price is trading $11.267 or +9.917% away from that point. The 52-week high of NextEra Energy, Inc. (NYSE:NEE) was $125.230 while lowest point recorded in 52-week was $93.740. It implies if stock price makes a movement of over $-0.355, it will record a new 52-week high. In the case of $+33.214% points drop, it will touch a new 52-week low.

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