Traders Buy Shares of NextEra Energy (NEE) on Weakness

Investors purchased shares of NextEra Energy Inc (NYSE:NEE) on weakness during trading hours on Thursday. $151.75 million flowed into the stock on the tick-up and $72.49 million flowed out of the stock on the tick-down, for a money net flow of $79.26 million into the stock. Of all companies tracked, NextEra Energy had the 3rd highest net in-flow for the day. NextEra Energy traded down ($0.02) for the day and closed at $168.54

A number of research firms recently commented on NEE. ValuEngine downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. Morgan Stanley boosted their price target on NextEra Energy from $168.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, April 16th. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $167.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 10th. KeyCorp boosted their target price on NextEra Energy from $165.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 18th. Finally, Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 29th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $170.64.

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The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $79.36 billion, a P/E ratio of 25.02, a PEG ratio of 2.53 and a beta of 0.29.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 24th. The utilities provider reported $1.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.16. NextEra Energy had a return on equity of 10.91% and a net margin of 48.13%. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the previous year, the firm earned $1.75 earnings per share. The business’s quarterly revenue was down 2.7% on a year-over-year basis. equities research analysts anticipate that NextEra Energy Inc will post 7.73 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Tuesday, June 5th were paid a $1.11 dividend. This represents a $4.44 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Monday, June 4th. NextEra Energy’s dividend payout ratio is currently 66.27%.

In other news, CEO Armando Pimentel, Jr. sold 8,336 shares of the company’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $157.15, for a total value of $1,310,002.40. Following the completion of the transaction, the chief executive officer now owns 77,139 shares of the company’s stock, valued at $12,122,393.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James L. Robo sold 81,489 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $156.81, for a total value of $12,778,290.09. The disclosure for this sale can be found here. Insiders sold 118,939 shares of company stock valued at $18,698,946 in the last ninety days. 0.55% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in NEE. Gables Capital Management Inc. bought a new stake in NextEra Energy in the first quarter valued at approximately $105,000. Centersquare Investment Management LLC bought a new stake in NextEra Energy in the first quarter valued at approximately $150,000. Stelac Advisory Services LLC bought a new stake in NextEra Energy in the first quarter valued at approximately $151,000. Aristotle Capital Management LLC bought a new stake in NextEra Energy in the first quarter valued at approximately $152,000. Finally, Bray Capital Advisors bought a new stake in NextEra Energy in the first quarter valued at approximately $184,000. 75.92% of the stock is owned by institutional investors.

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.