NextEra Energy Inc. (NYSE:NEE) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 4,891,563 shares, a decrease of 45.4% from the August 31st total of 8,961,779 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average trading volume of 2,148,619 shares, the short-interest ratio is currently 2.3 days.
Shares of NextEra Energy (NYSE:NEE) opened at 122.32 on Friday. The firm has a market capitalization of $56.51 billion, a PE ratio of 21.89 and a beta of 0.33. NextEra Energy has a 12-month low of $96.19 and a 12-month high of $131.98. The firm has a 50-day moving average of $124.28 and a 200-day moving average of $122.60.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.10. NextEra Energy had a net margin of 15.36% and a return on equity of 11.82%. The company earned $3.82 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period in the prior year, the business posted $1.56 EPS. The firm’s revenue was down 12.4% compared to the same quarter last year. Equities analysts anticipate that NextEra Energy will post $6.20 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, August 30th were issued a dividend of $0.87 per share. The ex-dividend date was Friday, August 26th. This represents a $3.48 dividend on an annualized basis and a yield of 2.84%. NextEra Energy’s dividend payout ratio is currently 62.59%.
In other news, VP Chris N. Froggatt sold 16,467 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of C$127.61, for a total transaction of C$2,101,353.87. Following the completion of the sale, the vice president now owns 22,916 shares of the company’s stock, valued at approximately C$2,924,310.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.66% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Global X Management Co. LLC increased its position in shares of NextEra Energy by 242.3% in the second quarter. Global X Management Co. LLC now owns 818 shares of the company’s stock worth $107,000 after buying an additional 579 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its position in shares of NextEra Energy by 378.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 948 shares of the company’s stock worth $124,000 after buying an additional 750 shares during the last quarter. Blue Chip Partners Inc. bought a new position in shares of NextEra Energy during the second quarter worth about $140,000. Jackson Grant Investment Advisers Inc. increased its position in shares of NextEra Energy by 7.0% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,080 shares of the company’s stock worth $141,000 after buying an additional 71 shares during the last quarter. Finally, Cribstone Capital Management LLC bought a new position in shares of NextEra Energy during the second quarter worth about $149,000. Institutional investors own 74.51% of the company’s stock.
NEE has been the subject of a number of recent analyst reports. Deutsche Bank AG downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price target for the company. in a report on Friday, September 23rd. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Bank of America Corp. reaffirmed a “buy” rating and set a $149.00 price target on shares of NextEra Energy in a report on Tuesday, September 27th. KeyCorp reissued an “outperform” rating and issued a $134.00 price objective (up previously from $126.00) on shares of NextEra Energy in a research note on Tuesday, July 5th. Finally, Morgan Stanley reissued a “buy” rating on shares of NextEra Energy in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$129.26.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
Receive News & Ratings for NextEra Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.