Traders Buy Shares of NextEra Energy, Inc. (NEE) on Weakness
Investors purchased shares of NextEra Energy, Inc. (NYSE:NEE) on weakness during trading on Thursday. $83.63 million flowed into the stock on the tick-up and $34.50 million flowed out of the stock on the tick-down, for a money net flow of $49.13 million into the stock. Of all stocks tracked, NextEra Energy had the 7th highest net in-flow for the day. NextEra Energy traded down ($0.11) for the day and closed at $150.51
A number of analysts recently issued reports on the company. KeyCorp reissued a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a research note on Friday. Morgan Stanley increased their target price on NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. Wells Fargo & Company reissued an “outperform” rating and set a $158.00 target price (up from $150.00) on shares of NextEra Energy in a research note on Monday, June 19th. Royal Bank Of Canada reissued an “outperform” rating and set a $147.00 target price (up from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. Finally, BidaskClub cut NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $149.17.
The company’s 50 day moving average is $147.07 and its 200-day moving average is $137.95. The company has a market capitalization of $70.46 billion, a P/E ratio of 17.20 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. NextEra Energy’s revenue was up 15.4% compared to the same quarter last year. On average, analysts forecast that NextEra Energy, Inc. will post $6.73 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a dividend of $0.9825 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a yield of 2.62%. NextEra Energy’s dividend payout ratio (DPR) is currently 45.02%.
In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wade G W & Inc. increased its position in shares of NextEra Energy by 1.2% in the first quarter. Wade G W & Inc. now owns 10,628 shares of the utilities provider’s stock worth $1,364,000 after buying an additional 130 shares during the period. BlackRock Inc. boosted its position in shares of NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after buying an additional 36,747,599 shares in the last quarter. Moody Lynn & Lieberson LLC boosted its position in shares of NextEra Energy by 48.7% in the first quarter. Moody Lynn & Lieberson LLC now owns 2,948 shares of the utilities provider’s stock worth $378,000 after buying an additional 965 shares in the last quarter. Clinton Group Inc. boosted its position in shares of NextEra Energy by 76.2% in the first quarter. Clinton Group Inc. now owns 5,678 shares of the utilities provider’s stock worth $729,000 after buying an additional 2,456 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of NextEra Energy by 80.6% in the second quarter. Assenagon Asset Management S.A. now owns 20,240 shares of the utilities provider’s stock worth $2,836,000 after buying an additional 9,033 shares in the last quarter. Hedge funds and other institutional investors own 75.64% of the company’s stock.
NextEra Energy Company Profile
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.