Traders Sell NextEra Energy, Inc. (NYSE:NEE) on Strength (NYSE:NEE)
Traders sold shares of NextEra Energy, Inc. (NYSE:NEE) on strength during trading hours on Thursday. $32.97 million flowed into the stock on the tick-up and $57.09 million flowed out of the stock on the tick-down, for a money net flow of $24.12 million out of the stock. Of all stocks tracked, NextEra Energy had the 8th highest net out-flow for the day. NextEra Energy traded up $0.48 for the day and closed at $147.72
Several research analysts have commented on NEE shares. BidaskClub lowered NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) started coverage on NextEra Energy in a research note on Monday, July 24th. They issued a “buy” rating and a $160.00 target price on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $144.00 target price on shares of NextEra Energy in a research note on Tuesday, May 2nd. BMO Capital Markets reiterated a “buy” rating and issued a $156.00 target price (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. Finally, Morgan Stanley lifted their target price on NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, May 8th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and a consensus target price of $148.64.
The firm’s 50 day moving average price is $143.21 and its 200-day moving average price is $134.86. The firm has a market cap of $69.32 billion, a PE ratio of 16.92 and a beta of 0.32.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.10. The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.67 EPS. Analysts anticipate that NextEra Energy, Inc. will post $6.72 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s payout ratio is 45.02%.
In related news, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total value of $4,411,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Eric E. Silagy sold 8,111 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total value of $1,140,244.38. Following the completion of the sale, the director now owns 26,884 shares in the company, valued at $3,779,352.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,431 shares of company stock worth $12,692,378. 0.53% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock valued at $4,856,682,000 after buying an additional 36,747,599 shares in the last quarter. APG Asset Management N.V. boosted its stake in NextEra Energy by 75.0% in the first quarter. APG Asset Management N.V. now owns 1,971,565 shares of the utilities provider’s stock valued at $253,090,000 after buying an additional 844,862 shares in the last quarter. Principal Financial Group Inc. boosted its stake in NextEra Energy by 122.5% in the second quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock valued at $207,281,000 after buying an additional 814,478 shares in the last quarter. Bank of Montreal Can acquired a new stake in NextEra Energy during the second quarter valued at approximately $83,603,000. Finally, CI Investments Inc. boosted its stake in NextEra Energy by 85.6% in the second quarter. CI Investments Inc. now owns 966,990 shares of the utilities provider’s stock valued at $135,504,000 after buying an additional 446,100 shares in the last quarter. Hedge funds and other institutional investors own 76.72% of the company’s stock.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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