Investors Buy Shares of NextEra Energy (NEE) on Weakness
Investors purchased shares of NextEra Energy Inc (NYSE:NEE) on weakness during trading hours on Friday. $93.40 million flowed into the stock on the tick-up and $40.28 million flowed out of the stock on the tick-down, for a money net flow of $53.12 million into the stock. Of all companies tracked, NextEra Energy had the 18th highest net in-flow for the day. NextEra Energy traded down ($0.95) for the day and closed at $173.65
A number of research firms recently commented on NEE. ValuEngine cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, May 17th. Barclays began coverage on shares of NextEra Energy in a research report on Tuesday, July 10th. They issued an “equal weight” rating and a $182.00 price objective for the company. Morgan Stanley upped their price objective on shares of NextEra Energy from $181.00 to $186.00 and gave the company a “buy” rating in a research report on Tuesday. Scotiabank began coverage on shares of NextEra Energy in a research report on Tuesday, July 24th. They issued a “hold” rating and a $70.00 price objective for the company. Finally, Howard Weil began coverage on shares of NextEra Energy in a research report on Tuesday, July 24th. They issued a “sector perform” rating for the company. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and an average price target of $168.38.
The company has a market capitalization of $81.35 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 2.65 and a beta of 0.18. The company has a current ratio of 0.58, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Thursday, August 30th will be paid a $1.11 dividend. This represents a $4.44 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Wednesday, August 29th. NextEra Energy’s payout ratio is presently 66.27%.
In other news, Director James L. Robo sold 18,000 shares of the stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $170.69, for a total transaction of $3,072,420.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric E. Silagy sold 17,000 shares of the stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $171.91, for a total transaction of $2,922,470.00. Following the transaction, the chief executive officer now owns 42,898 shares of the company’s stock, valued at $7,374,595.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,734 shares of company stock valued at $7,830,189. Company insiders own 0.55% of the company’s stock.
Several institutional investors have recently bought and sold shares of NEE. Gables Capital Management Inc. acquired a new position in shares of NextEra Energy during the 1st quarter worth about $105,000. Braun Bostich & Associates Inc. boosted its stake in shares of NextEra Energy by 492.5% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock worth $144,000 after buying an additional 719 shares during the last quarter. Stelac Advisory Services LLC acquired a new position in shares of NextEra Energy during the 1st quarter worth about $151,000. Howe & Rusling Inc. boosted its stake in shares of NextEra Energy by 70.5% during the 2nd quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock worth $151,000 after buying an additional 373 shares during the last quarter. Finally, Aristotle Capital Management LLC acquired a new position in shares of NextEra Energy during the 1st quarter worth about $152,000. Institutional investors own 76.29% of the company’s stock.
About NextEra Energy (NYSE:NEE)
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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