NextEra Energy Inc. (NEE) Sees Large Volume Increase
NextEra Energy Inc. (NYSE:NEE) shares saw unusually-high trading volume on Wednesday . Approximately 5,070,602 shares traded hands during mid-day trading, an increase of 150% from the previous session’s volume of 2,028,565 shares.The stock last traded at $128.09 and had previously closed at $127.63.
NEE has been the subject of several research reports. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $121.00 price target on shares of NextEra Energy in a report on Tuesday, April 19th. KeyCorp reiterated an “outperform” rating and issued a $134.00 price objective (up from $126.00) on shares of NextEra Energy in a research report on Tuesday, July 5th. Bank of America Corp. reiterated a “buy” rating and issued a $144.00 price objective on shares of NextEra Energy in a research report on Tuesday, May 24th. Finally, Wells Fargo & Co. reiterated a “buy” rating on shares of NextEra Energy in a research report on Monday, May 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$128.36.
The stock has a market cap of $59.17 billion and a price-to-earnings ratio of 22.92. The firm has a 50-day moving average of $127.56 and a 200-day moving average of $119.14.
NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 27th. The company reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. The firm earned $3.82 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the company posted $1.56 EPS. The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year. On average, analysts predict that NextEra Energy Inc. will post $6.19 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Friday, August 26th.
In other NextEra Energy news, Treasurer Paul I. Cutler sold 4,796 shares of the stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of C$130.00, for a total transaction of C$623,480.00. Following the sale, the treasurer now owns 69,977 shares of the company’s stock, valued at approximately C$9,097,010. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Chris N. Froggatt sold 16,467 shares of the stock in a transaction dated Friday, July 29th. The stock was sold at an average price of C$127.61, for a total transaction of C$2,101,353.87. Following the sale, the vice president now directly owns 22,916 shares in the company, valued at approximately C$2,924,310.76. The disclosure for this sale can be found here.
A number of large investors recently modified their holdings of NEE. Mark Sheptoff Financial Planning LLC raised its stake in shares of NextEra Energy by 13.4% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 16,947 shares of the company’s stock worth $1,761,000 after buying an additional 2,002 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of NextEra Energy by 0.3% in the fourth quarter. Ameritas Investment Partners Inc. now owns 20,045 shares of the company’s stock worth $2,082,000 after buying an additional 56 shares in the last quarter. Sawtooth Asset Management Inc. raised its stake in shares of NextEra Energy by 55,927.8% in the fourth quarter. Sawtooth Asset Management Inc. now owns 20,170 shares of the company’s stock worth $2,095,000 after buying an additional 20,134 shares in the last quarter. Stephens Inc. AR raised its stake in shares of NextEra Energy by 15.6% in the fourth quarter. Stephens Inc. AR now owns 26,057 shares of the company’s stock worth $2,707,000 after buying an additional 3,523 shares in the last quarter. Finally, FineMark National Bank & Trust raised its stake in shares of NextEra Energy by 3.0% in the fourth quarter. FineMark National Bank & Trust now owns 26,572 shares of the company’s stock worth $2,760,000 after buying an additional 773 shares in 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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