Traders Buy NextEra Energy Inc. (NEE) on Weakness
Traders bought shares of NextEra Energy Inc. (NYSE:NEE) on weakness during trading on Wednesday. $51.86 million flowed into the stock on the tick-up and $30.59 million flowed out of the stock on the tick-down, for a money net flow of $21.27 million into the stock. Of all companies tracked, NextEra Energy had the 7th highest net in-flow for the day. NextEra Energy traded down ($0.88) for the day and closed at $127.21
A number of equities analysts have weighed in on NEE shares. KeyCorp restated an “outperform” rating and issued a $134.00 target price (up from $126.00) on shares of NextEra Energy in a research note on Tuesday, July 5th. Morgan Stanley began coverage on NextEra Energy in a research report on Wednesday, June 29th. They set a “hold” rating and a $146.00 price objective on the stock. Argus reiterated a “buy” rating and set a $134.00 price objective (up from $128.00) on shares of NextEra Energy in a research report on Tuesday, June 7th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of NextEra Energy in a research report on Wednesday, June 8th. Finally, Mizuho increased their price objective on NextEra Energy from $125.00 to $138.00 and gave the company a “buy” rating in a research report on Monday. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. NextEra Energy has an average rating of “Buy” and a consensus price target of C$127.32.
The firm has a 50 day moving average of $125.86 and a 200-day moving average of $117.45. The firm has a market capitalization of $58.70 billion and a price-to-earnings ratio of 21.28.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, April 28th. The company reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.16. During the same period in the previous year, the company earned $1.41 earnings per share. On average, equities analysts forecast that NextEra Energy Inc. will post $6.17 earnings per share for the current year.
In other news, 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 of the company’s stock, valued at C$45,507,444.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of C$618,850.00. Following the completion of the sale, the chief executive officer now directly owns 26,641 shares in the company, valued at C$3,297,356.57. The disclosure for this sale can be found here.
Several large investors have recently modified their holdings of NEE. Callahan Advisors LLC boosted its stake in shares of NextEra Energy by 5.2% in the fourth quarter. Callahan Advisors LLC now owns 56,858 shares of the company’s stock valued at $5,907,000 after buying an additional 2,822 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of NextEra Energy by 59.4% in the fourth quarter. Teacher Retirement System of Texas now owns 738,317 shares of the company’s stock valued at $76,704,000 after buying an additional 275,134 shares during the period. OppenheimerFunds Inc. boosted its stake in shares of NextEra Energy by 0.3% in the fourth quarter. OppenheimerFunds Inc. now owns 883,481 shares of the company’s stock valued at $91,795,000 after buying an additional 2,812 shares during the last quarter. Synovus Financial Corp boosted its stake in shares of NextEra Energy by 17.0% in the fourth quarter. Synovus Financial Corp now owns 10,416 shares of the company’s stock valued at $1,080,000 after buying an additional 1,512 shares during the last quarter. Finally, State of Wisconsin Investment Board boosted its stake in shares of NextEra Energy by 1.3% in the fourth quarter. State of Wisconsin Investment Board now owns 505,333 shares of the company’s stock valued at $52,499,000 after buying an additional 6,260 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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