Investors Buy Shares of NextEra Energy Inc. (NEE) on Weakness
Investors purchased shares of NextEra Energy Inc. (NYSE:NEE) on weakness during trading on Thursday. $75.77 million flowed into the stock on the tick-up and $38.40 million flowed out of the stock on the tick-down, for a money net flow of $37.37 million into the stock. Of all companies tracked, NextEra Energy had the 4th highest net in-flow for the day. NextEra Energy traded down ($0.64) for the day and closed at $127.45
A number of research analysts have recently commented on NEE shares. Argus reissued a “buy” rating and set a $134.00 target price (up from $128.00) on shares of NextEra Energy in a research report on Tuesday, June 7th. Zacks Investment Research cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Friday, July 22nd. KeyCorp reissued an “outperform” rating and set a $134.00 target price (up from $126.00) on shares of NextEra Energy in a research report on Tuesday, July 5th. Goldman Sachs Group Inc. reissued a “conviction-buy” rating on shares of NextEra Energy in a research report on Wednesday, June 8th. Finally, BMO Capital Markets restated a “buy” rating and issued a $135.00 price target on shares of NextEra Energy in a research note on Thursday, July 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. NextEra Energy presently has an average rating of “Buy” and a consensus target price of C$128.36.
The firm has a 50 day moving average of $127.66 and a 200-day moving average of $119.21. The company has a market capitalization of $58.88 billion and a price-to-earnings ratio of 22.81.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.10. During the same period in the prior year, the company posted $1.56 earnings per share. The business earned $3.82 billion during the quarter, compared to the consensus estimate of $4.33 billion. The firm’s revenue was down 12.4% compared to the same quarter last year. On average, analysts forecast that NextEra Energy Inc. will post $6.20 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th will be given a $0.87 dividend. The ex-dividend date is Friday, August 26th. This represents a $3.48 annualized dividend and a dividend yield of 2.73%.
In other news, Director James L. Robo sold 43,773 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 388,057 shares of the company’s stock, valued at C$45,507,444.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Treasurer Paul I. Cutler sold 4,796 shares of the stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of C$130.00, for a total value of C$623,480.00. Following the completion of the sale, the treasurer now directly owns 69,977 shares of the company’s stock, valued at C$9,097,010. The disclosure for this sale can be found here.
Several large investors have bought and sold shares of the stock. Suntrust Banks Inc. boosted its stake in NextEra Energy by 2.3% in the fourth quarter. Suntrust Banks Inc. now owns 372,684 shares of the company’s stock valued at $38,716,000 after buying an additional 8,459 shares in the last quarter. Agran Libbie raised its position in shares of NextEra Energy by 0.3% in the fourth quarter. Agran Libbie now owns 68,805 shares of the company’s stock worth $7,148,000 after buying an additional 215 shares during the last quarter. L & S Advisors Inc raised its position in shares of NextEra Energy by 6.3% in the fourth quarter. L & S Advisors Inc now owns 33,471 shares of the company’s stock worth $3,477,000 after buying an additional 1,973 shares during the last quarter. Alpine Woods Capital Investors LLC raised its position in shares of NextEra Energy by 369.7% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 200,488 shares of the company’s stock worth $20,829,000 after buying an additional 157,800 shares during the last quarter. Finally, Edge Asset Management Inc. raised its position in shares of NextEra Energy by 14.5% in the fourth quarter. Edge Asset Management Inc. now owns 698,214 shares of the company’s stock worth $72,538,000 after buying an additional 88,422 shares during the last quarter.
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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