Traders Buy Shares of NextEra Energy (NEE) on Weakness

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Traders purchased shares of NextEra Energy Inc (NYSE:NEE) on weakness during trading on Monday. $131.38 million flowed into the stock on the tick-up and $40.02 million flowed out of the stock on the tick-down, for a money net flow of $91.36 million into the stock. Of all stocks tracked, NextEra Energy had the 18th highest net in-flow for the day. NextEra Energy traded down ($0.73) for the day and closed at $170.10

A number of research analysts have issued reports on the company. Mizuho assumed coverage on NextEra Energy in a research note on Monday, August 13th. They issued a “buy” rating and a $184.00 price objective for the company. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. ValuEngine upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Scotiabank assumed coverage on NextEra Energy in a research note on Tuesday, July 24th. They issued a “hold” rating and a $70.00 price objective for the company. Finally, Howard Weil assumed coverage on NextEra Energy in a research note on Tuesday, July 24th. They issued a “sector perform” rating for the company. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $167.08.

The company has a debt-to-equity ratio of 0.78, a current ratio of 0.58 and a quick ratio of 0.46. The stock has a market cap of $80.22 billion, a P/E ratio of 25.38, a price-to-earnings-growth ratio of 2.62 and a beta of 0.18.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 25th. The utilities provider reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.05. NextEra Energy had a return on equity of 10.49% and a net margin of 49.10%. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.51 billion. During the same quarter in the prior year, the firm earned $1.86 EPS. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. analysts predict that NextEra Energy Inc will post 7.76 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Thursday, August 30th will be given a dividend of $1.11 per share. The ex-dividend date is Wednesday, August 29th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.61%. NextEra Energy’s dividend payout ratio is presently 66.27%.

In other news, CEO Armando Pimentel, Jr. sold 8,336 shares of the company’s stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $157.15, for a total transaction of $1,310,002.40. Following the transaction, the chief executive officer now owns 77,139 shares of the company’s stock, valued at approximately $12,122,393.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric E. Silagy sold 17,000 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $171.91, for a total value of $2,922,470.00. Following the transaction, the chief executive officer now directly owns 42,898 shares in the company, valued at approximately $7,374,595.18. The disclosure for this sale can be found here. Insiders have sold a total of 36,070 shares of company stock worth $6,067,772 in the last ninety days. Insiders own 0.55% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of NEE. Gables Capital Management Inc. purchased a new stake in NextEra Energy during the 1st quarter worth about $105,000. Braun Bostich & Associates Inc. raised its holdings in shares of NextEra Energy by 492.5% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock valued at $144,000 after acquiring an additional 719 shares in the last quarter. Centersquare Investment Management LLC purchased a new stake in shares of NextEra Energy in the 1st quarter valued at about $150,000. Stelac Advisory Services LLC purchased a new stake in shares of NextEra Energy in the 1st quarter valued at about $151,000. Finally, Howe & Rusling Inc. raised its holdings in shares of NextEra Energy by 70.5% in the 2nd quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock valued at $151,000 after acquiring an additional 373 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Company Profile (NYSE:NEE)

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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