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

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Investors sold shares of NextEra Energy Inc (NYSE:NEE) on strength during trading hours on Friday. $31.13 million flowed into the stock on the tick-up and $58.42 million flowed out of the stock on the tick-down, for a money net flow of $27.29 million out of the stock. Of all companies tracked, NextEra Energy had the 0th highest net out-flow for the day. NextEra Energy traded up $0.08 for the day and closed at $170.93

A number of analysts have recently weighed in on NEE shares. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 price objective on the stock in a research note on Wednesday. ValuEngine upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Barclays started coverage on shares of NextEra Energy in a research note on Tuesday, July 10th. They issued an “equal weight” rating and a $182.00 price objective on the stock. Scotiabank started coverage on shares of NextEra Energy in a research note on Tuesday, July 24th. They issued a “hold” rating and a $70.00 price objective on the stock. Finally, KeyCorp increased their price objective on shares of NextEra Energy from $168.00 to $178.00 and gave the stock an “overweight” rating in a research note on Thursday, July 19th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $165.67.

The stock has a market cap of $80.57 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 2.63 and a beta of 0.24. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.46 and a current ratio of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 25th. The utilities provider reported $2.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.05. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.51 billion. NextEra Energy had a net margin of 49.10% and a return on equity of 10.49%. The firm’s revenue was down 7.6% on a year-over-year basis. During the same quarter last year, the business earned $1.86 earnings per share. research analysts forecast that NextEra Energy Inc will post 7.74 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Thursday, August 30th will be given a dividend of $1.11 per share. The ex-dividend date is Wednesday, August 29th. This represents a $4.44 annualized dividend and a yield of 2.60%. NextEra Energy’s dividend payout ratio is presently 66.27%.

In other news, CEO Armando Pimentel, Jr. sold 8,336 shares of NextEra Energy stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $157.15, for a total value of $1,310,002.40. Following the sale, the chief executive officer now owns 77,139 shares in the company, valued at $12,122,393.85. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James L. Robo sold 81,489 shares of NextEra Energy stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $156.81, for a total transaction of $12,778,290.09. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,673 shares of company stock worth $20,534,245. 0.55% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Gables Capital Management Inc. acquired a new stake in shares of NextEra Energy during the first quarter worth approximately $105,000. Braun Bostich & Associates Inc. grew its position in shares of NextEra Energy by 492.5% during the second quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock worth $144,000 after buying an additional 719 shares in the last quarter. Centersquare Investment Management LLC acquired a new stake in shares of NextEra Energy during the first quarter worth approximately $150,000. Stelac Advisory Services LLC acquired a new stake in shares of NextEra Energy during the first quarter worth approximately $151,000. Finally, Howe & Rusling Inc. boosted its holdings in NextEra Energy by 70.5% in the second quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock worth $151,000 after purchasing an additional 373 shares during the period. Institutional investors and hedge funds own 75.78% of the company’s stock.

NextEra Energy Company Profile

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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