Traders Sell NextEra Energy Inc. (NEE) on Strength (NEE)
Traders sold shares of NextEra Energy Inc. (NYSE:NEE) on strength during trading hours on Monday. $40.49 million flowed into the stock on the tick-up and $61.35 million flowed out of the stock on the tick-down, for a money net flow of $20.86 million out of the stock. Of all companies tracked, NextEra Energy had the 0th highest net out-flow for the day. NextEra Energy traded up $0.67 for the day and closed at $128.25
Several research firms recently commented on NEE. Mizuho boosted their price target on NextEra Energy from $125.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research note on Monday, May 2nd. Morgan Stanley began coverage on NextEra Energy in a research note on Wednesday, June 29th. They issued a “hold” rating and a $146.00 price target on the stock. Deutsche Bank AG reiterated a “buy” rating and issued a $123.00 price target on shares of NextEra Energy in a research note on Wednesday, June 1st. Finally, Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of NextEra Energy in a research note on Wednesday, June 8th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of C$127.32.
The stock has a 50-day moving average price of $125.59 and a 200 day moving average price of $117.30. The firm has a market capitalization of $59.18 billion and a price-to-earnings ratio of 21.46.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, April 28th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.16. During the same period last year, the company earned $1.41 earnings per share. On average, equities research analysts anticipate that NextEra Energy Inc. will post $6.17 earnings per share for the current fiscal year.
In related news, CEO Eric E. Silagy sold 5,000 shares of NextEra Energy stock in a transaction dated Monday, June 13th. The stock was sold at an average price of C$123.77, for a total transaction of C$618,850.00. Following the sale, the chief executive officer now directly owns 26,641 shares of the company’s stock, valued at C$3,297,356.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James L. Robo sold 43,773 shares of NextEra Energy stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of C$117.27, for a total value of C$5,133,259.71. Following the sale, the director now directly owns 388,057 shares in the company, valued at C$45,507,444.39. The disclosure for this sale can be found here.
A number of large investors have recently added to or reduced their stakes in NEE. Vanguard Group Inc. increased its stake in NextEra Energy by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 30,478,440 shares of the company’s stock worth $3,166,405,000 after buying an additional 635,559 shares during the period. Eaton Vance Management increased its stake in NextEra Energy by 14.6% in the fourth quarter. Eaton Vance Management now owns 3,408,573 shares of the company’s stock worth $354,117,000 after buying an additional 435,350 shares during the period. Jennison Associates LLC increased its stake in NextEra Energy by 0.4% in the fourth quarter. Jennison Associates LLC now owns 1,396,491 shares of the company’s stock worth $145,081,000 after buying an additional 5,932 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in NextEra Energy by 3.4% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,253,483 shares of the company’s stock worth $131,503,000 after buying an additional 40,700 shares during the period. Finally, OppenheimerFunds Inc. increased its stake in NextEra Energy by 0.3% in the fourth quarter. OppenheimerFunds Inc. now owns 883,481 shares of the company’s stock worth $91,795,000 after buying an additional 2,812 shares during the period.
NextEra Energy, Inc (NEE) is a holding company. The Company operates through its wholly owned subsidiaries, Florida Power & Light Company (FPL) and NextEra Energy Resources, LLC (NEER). It is an electric power company in North America with electric generating facilities located in 27 states in the United States and four provinces in Canada.
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