NextEra Energy Inc. (NEE) Sees Strong Trading Volume
NextEra Energy Inc. (NYSE:NEE) shares saw strong trading volume on Wednesday . 5,070,602 shares were traded 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.
A number of equities analysts recently commented on the company. Wells Fargo & Co. reaffirmed a “buy” rating on shares of NextEra Energy in a research note on Monday, May 23rd. Deutsche Bank AG reaffirmed a “buy” rating and issued a $121.00 price objective on shares of NextEra Energy in a research note on Tuesday, April 19th. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Morgan Stanley assumed 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. Finally, Bank of America Corp. reissued a “buy” rating and issued a $144.00 price target on shares of NextEra Energy in a research note on Tuesday, May 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$128.36.
The firm has a market capitalization of $59.17 billion and a PE ratio of 22.92. The stock’s 50-day moving average price is $127.56 and its 200 day moving average price is $119.14.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.10. The business earned $3.82 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the prior year, the business posted $1.56 earnings per share. NextEra Energy’s quarterly revenue was down 12.4% compared to the same quarter last year. Analysts expect that NextEra Energy Inc. will post $6.19 earnings per share 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 of this dividend is Friday, August 26th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.72%.
In other news, Director James L. Robo sold 43,773 shares of NextEra Energy 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 sale, the director now directly owns 388,057 shares in the company, valued at approximately C$45,507,444.39. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Treasurer Paul I. Cutler sold 4,796 shares of NextEra Energy stock in a transaction that occurred on Thursday, June 30th. The stock was 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 owns 69,977 shares in the company, valued at C$9,097,010. The disclosure for this sale can be found here.
Several large investors have modified their holdings of the company. 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. boosted its position in 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 during the last quarter. Sawtooth Asset Management Inc. boosted its position in 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 during the last quarter. Stephens Inc. AR boosted its position in 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 during the last quarter. Finally, FineMark National Bank & Trust boosted its position in 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 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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