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 $82.91, up 1.28% from the previous day, and has increased 52.46% in one year. It has overperformed other stocks in the Utilities - Regulated Electric industry by 0.32 percentage points. Nextera Energy stock is currently +62.73% from its 52-week low of $50.95, and -3.7% from its 52-week high of $86.10.
There are currently 2.06B NEE shares outstanding. The market value of NEE is $170.41B. In the past 24 hours, 5.81M 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 26.83x, relative to Utilities - Regulated Electric industry P/E ratio of 16.75x
- NEE could be overvalued based on its P/B ratio of 3.47x, relative to Utilities - Regulated Electric industry P/B ratio of 1.89x
- NEE may be overvalued based on its PEG ratio of 3.13x
You can access additional valuation research on NEE's stock here.
NEE Financial Health
Negative Health Checks:
- NEE has a relatively high debt to equity ratio of 2.55.
- Total NEE debt is higher than 5 years ago, relative to shareholder equity.
- NEE's operating cash flow of $13.55B allows it to safely service it's debt of $82.63B.
- NEE profit margin has gone down from 30.1% to 24.4% in the past year.
- NEE earnings of $9.75B is not sufficient to cover its interest payments.
- There are more short-term liabilities than short-term assets on the NEE balance sheet.
- There are more long-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 13 sell side analysts who give ratings on NEE, the consensus analyst rating on Nextera Energy is a 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
Jeremy Tonet, a top 13% analyst from JP Morgan maintains NEE with a strong buy rating and raises their NEE price target from $91.00 to $94.00, on Aug 2, 2024.
James Thalacker, a top 6% analyst from BMO Capital maintains NEE with a buy rating and raises their NEE price target from $79.00 to $83.00, on Jul 15, 2024.
Nicholas Campanella, a top 12% analyst from Barclays maintains NEE with a hold rating and lowers their NEE price target from $73.00 to $72.00, on Jul 9, 2024.
Ryan Levine, a bottom 6% analyst from Citigroup maintains NEE with a strong buy rating and raises their NEE price target from $69.00 to $84.00, on Jun 27, 2024.
Christopher Turnure, a top 30% analyst from JP Morgan maintains NEE with a strong buy rating and raises their NEE price target from $76.00 to $90.00, on Jun 20, 2024.
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 $6.32B. Over the last five year, NEE's earnings have grown by 12.11% per year. This was faster than the Utilities - Regulated Electric industry average of 8.12%.
Last year, NEE revenue was $25.85B. In the past 5 year, NEE's revenue has gone up by 7.69% per year. This was faster than the Utilities - Regulated Electric industry average of 3.92%.
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.
Charles E. Sieving, EVP Chief Legal of NEE, was the latest NEE insider to sell. They sold $3,194,980.00 worth of NEE shares on Sep 16, 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 1.81%, compared to the Utilities - Regulated Electric industry's average dividend yield of 3.27%. If you owned $1,000 worth of NEE stock, you would have received $18.06 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
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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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