How to Buy Nextera Energy Stock
Nextera Energy Inc
Nextera Energy is a regulated electric utility company located in Florida, United States, which is part of the Utilities sector, and is traded under the ticker NEE on the NYSE exchange.
Nextera Energy stock last closed at $75.42, up 1.13% from the previous day, and has decreased 2.73% in one year. It has underperformed other stocks in the Utilities - Regulated Electric industry by 0.05 percentage points. Nextera Energy stock is currently +59.97% from its 52-week low of $47.15, and -2.68% from its 52-week high of $77.50.
There are currently 2.05B NEE shares outstanding. The market value of NEE is $154.95B. In the past 24 hours, 8.1M NEE shares were traded.
How to Buy Nextera Energy Stock
Wondering how to invest in Nextera Energy stock? Here's how.
- Figure out where to buy Nextera Energy stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Nextera Energy stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Select your payment method and add your details.
- Research Nextera Energy stock: The Nextera Energy ticker symbol is NEE. Is Nextera Energy stock a good investment? Should you buy shares of NEE? How do NEE's underlying business fundamentals look? Do top analysts think Nextera Energy is a good buy? Why has NEE's stock price moved recently? (Hint: Our stock research website can help you decide if NEE is a good stock to buy).
- Make your NEE buy order: Decide if you will purchase NEE shares at the current market price or use a limit order to buy NEE stock at a specific price.
- Watch your NEE investment: Create a watchlist to get the latest news on your investment in Nextera Energy shares.
Step 1: Figure out where to buy Nextera Energy stock
You need an online brokerage account to access the NYSE market and buy NEE shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen your brokerage, the next step is to fill out some personal information so you are able to invest in NEE today.
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Step 3: Fund your investment account
Now that you've finished signing up on the best stock app for beginners, your next step is to transfer the money for your investment:
Check out the video below for more details depositing money into your investment account.
Step 4: Research Nextera Energy stock
Once you have figured out the best place to buy Nextera Energy stock, it's very important to analyze their stock prior to investing, so you actually comprehend the risk as well as the opportunity.
Nextera Energy Metrics
Nextera Energy Fundamentals
WallStreetZen was created to help part-time investors do more accurate fundamental analysis quickly.
You can view all of the due diligence checks on NEE's stock page.
How is NEE stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge NEE's intrinsic value.
Using relative valuations measures:
- NEE could be overvalued based on its P/E ratio of 20.49x, relative to Utilities - Regulated Electric industry P/E ratio of 18.51x
- NEE could be overvalued based on its P/B ratio of 3.19x, relative to Utilities - Regulated Electric industry P/B ratio of 1.81x
- NEE may be overvalued based on its PEG ratio of 13.51x
You can access additional valuation research on NEE's stock here.
NEE Financial Health
Positive Health Checks:
- NEE profit margin has gone up from 27% to 27.6% in the past year.
Negative Health Checks:
- There are more long-term liabilities than short-term assets on the NEE balance sheet.
- NEE has a relatively high debt to equity ratio of 2.48.
- NEE earnings of $10.80B is not sufficient to cover its interest payments.
- NEE's operating cash flow of $12.71B allows it to safely service it's debt of $79.94B.
- Total NEE debt is higher than 5 years ago, relative to shareholder equity.
- There are more short-term liabilities than short-term assets on the NEE balance sheet.
Is it a good time to buy Nextera Energy stock, according to Wall Street analysts?
Out of 11 sell side analysts who give ratings on NEE, the consensus analyst rating on Nextera Energy is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Latest NEE Analyst Upgrades/Downgrades
Betty Jiang, a bottom 10% analyst from Barclays initiates coverage on NEE with a hold rating and announces their NEE price target of $66.00, on Apr 10, 2024.
Michael Blum, a top 12% analyst from Wells Fargo maintains NEE with a strong buy rating and raises their NEE price target from $84.00 to $85.00, on Mar 19, 2024.
Wells Fargo's Michael Blum raised their price target on Nextera Energy (NYSE: NEE) by 1.2% from $84 to $85 on 2024/03/19. The analyst maintained their Strong Buy rating on the stock.
In support of their price target hike, Blum noted FP&L's (Florida Power & Light Company) higher anticipated P/E ratio.
The analyst believes investors are avoiding Nextera Energy's "capital-intensive business strategy" because of the high interest rate environment.
Even so, NextEra Energy is currently one of Wells Fargo's "best ideas," the analyst told investors.
Blum maintained their bullish stance that NextEra Energy's top renewables franchise will capitalize on robust demand trends.
Footnotes
FP&L is the principal subsidiary of Nextera Energy Inc.
Shelby Tucker, a top 15% analyst from RBC Capital reiterates NEE with a buy rating and maintains their NEE price target from $74.00 to $74.00, on Jan 30, 2024.
Shahriar Pourreza, a top 22% analyst from Guggenheim maintains NEE with a strong buy rating and raises their NEE price target from $70.00 to $80.00, on Jan 22, 2024.
Ryan Levine, a bottom 7% analyst from Citigroup initiates coverage on NEE with a strong buy rating and announces their NEE price target of $69.00, on Dec 8, 2023.
You can dig deeper into what analysts are saying on the Nextera Energy stock forecast page.
NEE Technical Indicators
How are NEE Revenues/Earnings doing?
Last year, NEE earnings were $7.49B. Over the last five year, NEE's earnings have grown by 19.42% per year. This was slower than the Utilities - Regulated Electric industry average of 38.53%.
Last year, NEE revenue was $27.13B. In the past 5 year, NEE's revenue has gone up by 9.87% per year. This was faster than the Utilities - Regulated Electric industry average of 4.41%.
Find out more about NEE's earnings and revenue performance here.
Are NEE executives and large shareholders buying or selling the stock?
In the past year, executives and large shareholders at NEE have sold more shares than they have bought.
James Michael May, VP Controller and CAO of NEE, was the latest NEE insider to sell. They sold $114,342.00 worth of NEE shares on Mar 13, 2024.
Get more info about who owns NEE stock here.
Can I rely on NEE as an income stream?
Nextera Energy pays a dividend of 2.54%, compared to the Utilities - Regulated Electric industry's average dividend yield of 3.68%. If you owned $1,000 worth of NEE stock, you would have received $25.42 in the past 12 months.
Nextera Energy dividend payments have consistently grown over the past decade and have remained stable.
Find more analysis about Nextera Energy dividend yield and history here.
What others are saying about NEE
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Make your NEE buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount, use a limit order.
Hit the Open Trade button and your broker will place the order.
If you need more help with buying stocks on eToro, watch the helpful video below:
Step 6: Watch your NEE investment
Now that you own some shares in NEE, you'll want to keep up with your new company.
Start a watchlist to keep track of your NEE stock.
NEE Feed
How to Buy Stock in Nextera Energy
To reiterate, here are the 6 steps you need to take to buy Nextera Energy stock right now:
- Figure out where to buy Nextera Energy stock
- Open your brokerage account
- Fund your investment account
- Research Nextera Energy stock
- Make your NEE buy order
- Watch your NEE investment
If you are looking for a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Nextera Energy, add NEE to your watchlist below.
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