Traders Sell Shares of NextEra Energy (NEE) on Strength (NEE)

Investors sold shares of NextEra Energy (NYSE:NEE) on strength during trading hours on Thursday. $46.57 million flowed into the stock on the tick-up and $82.58 million flowed out of the stock on the tick-down, for a money net flow of $36.01 million out of the stock. Of all equities tracked, NextEra Energy had the 0th highest net out-flow for the day. NextEra Energy traded up $1.67 for the day and closed at $164.00

NEE has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 target price on the stock in a research note on Tuesday, December 12th. ValuEngine upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Guggenheim restated a “buy” rating and set a $177.00 price target on shares of NextEra Energy in a research note on Wednesday, January 3rd. Finally, UBS started coverage on shares of NextEra Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $177.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. NextEra Energy currently has a consensus rating of “Buy” and an average target price of $163.80.

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The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.52 and a current ratio of 0.64. The company has a market cap of $77,210.21, a P/E ratio of 24.29, a P/E/G ratio of 2.69 and a beta of 0.24.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the prior year, the company earned $1.21 earnings per share. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. analysts forecast that NextEra Energy will post 7.73 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th were paid a $1.11 dividend. The ex-dividend date was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.98. This represents a $4.44 annualized dividend and a yield of 2.73%. NextEra Energy’s dividend payout ratio is currently 66.27%.

In other NextEra Energy news, Director James L. Robo sold 18,000 shares of the stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $160.89, for a total value of $2,896,020.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total transaction of $1,404,427.50. The disclosure for this sale can be found here. Insiders sold a total of 62,245 shares of company stock worth $9,783,623 over the last quarter. Corporate insiders own 0.53% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of NEE. Millennium Management LLC lifted its stake in NextEra Energy by 243.4% in the 4th quarter. Millennium Management LLC now owns 1,465,988 shares of the utilities provider’s stock worth $228,973,000 after purchasing an additional 1,039,072 shares in the last quarter. Standard Life Aberdeen plc increased its holdings in shares of NextEra Energy by 104.7% in the 4th quarter. Standard Life Aberdeen plc now owns 1,666,351 shares of the utilities provider’s stock worth $260,326,000 after buying an additional 852,434 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of NextEra Energy by 26.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock worth $548,102,000 after buying an additional 777,351 shares during the last quarter. Patten Group Inc. increased its holdings in shares of NextEra Energy by 7,613.6% in the 3rd quarter. Patten Group Inc. now owns 686,048 shares of the utilities provider’s stock worth $1,326,000 after buying an additional 677,154 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of NextEra Energy by 19.4% in the 3rd quarter. Janus Henderson Group PLC now owns 2,148,989 shares of the utilities provider’s stock worth $314,932,000 after buying an additional 348,613 shares during the last quarter. Institutional investors and hedge funds own 76.38% of the company’s stock.

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About NextEra Energy

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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