Consider This Before Taking a Position in NextEra Energy (NEE)

By Blake Campbell • Thursday, December 21 11:36 • Permanent Link

Join us for a quick overview of NextEra Energy, a Electric Utilities company whose shares moved 0.0% today. Here are some facts about the stock that should help you see the bigger picture:

NextEra Energy has moved -28.2% over the last year, and the S&P 500 logged a change of 22.9%
NEE has an average analyst rating of buy and is -16.67% away from its mean target price of $71.81 per share
Its trailing earnings per share (EPS) is $3.79
NextEra Energy has a trailing 12 month Price to Earnings (P/E) ratio of 15.8 while the S&P 500 average is 15.97
Its forward earnings per share (EPS) is $3.4 and its forward P/E ratio is 17.6
The company has a Price to Book (P/B) ratio of 2.61 in contrast to the S&P 500's average ratio of 2.95
NextEra Energy is part of the Utilities sector, which has an average P/E ratio of 17.53 and an average P/B of 1.71
NEE has reported YOY quarterly earnings growth of -30.2% and gross profit margins of 0.6%
The company has a free cash flow of $-19472750592, which refers to the total sum of all its inflows and outflows of cash over the last quarter
NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets. As of December 31, 2022, the company had approximately 32,100 megawatts of net generating capacity; approximately 88,000 circuit miles of transmission and distribution lines; and 871 substations. It serves approximately 12 million people through approximately 5.8 million customer accounts in the east and lower west coasts of Florida. The company was formerly known as FPL Group, Inc. and changed its name to NextEra Energy, Inc. in 2010. NextEra Energy, Inc. was founded in 1925 and is headquartered in Juno Beach, Florida.

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