NEE

NextEra Energy Inc

Energy, Utilities


Presented:04/14/2020
Price:$60.60
Cap:$118.63B
Current Price:$82.79
Cap:$170.16B

Presented

Date04/14/2020
Price$60.60
Market Cap$118.63B
Ent Value$166.17B
P/E Ratio31.22x
Book Value$19.00
Div Yield2.12%
Shares O/S1,957.73M
Ave Daily Vol13,673,740
Short Int1.30%

Current

Price$82.79
Market Cap$170.16B
NextEra Energy, Inc. is an electric power and energy infrastructure company. It operates through the following segments: FPL & NEER. The FPL segment engages primarily in the generation, transmission, distribution and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar. It provides full energy and capacity requirements services; engages in power and gas marketing and trading activities; participates in natural gas production and pipeline infrastructure development; and owns a retail electricity provider. The company was founded in 1984 and is headquartered in Juno Beach, FL.

Please note, this stock split on 10/27/2020 at a ratio of 4/1. The presented data has been updated to account for the change, however, the text of the note may refer to data based on the original presented price of $242.38.

Publicly traded companies mentioned herein: NextEra Energy Inc (NEE)

Highlights

The presenter is long shares of NextEra Energy Inc (NEE) after the recent sharp sell off, thinking that once the COVID-19 situation has normalized, investors will be attracted to high dividend yielding, safe, and easy to own businesses. In his opinion, NEE will be a beneficiary of that rotation. If the stock were to trade where it has historically versus the U.S.10-Year, that would equate to $400+/share. Looking at the valuation from a slightly different perspective, NEE has had a 2%+ dividend yield and if it trades at a slightly tighter spread to the 10-Year, the stock could trade up to ~$310/share or ~30% upside from the current share price of $240.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.