Investors Buy NextEra Energy, Inc. (NEE) on Weakness

Traders purchased shares of NextEra Energy, Inc. (NYSE:NEE) on weakness during trading on Friday. $74.08 million flowed into the stock on the tick-up and $34.93 million flowed out of the stock on the tick-down, for a money net flow of $39.15 million into the stock. Of all stocks tracked, NextEra Energy had the 22nd highest net in-flow for the day. NextEra Energy traded down ($0.29) for the day and closed at $147.47

Several equities research analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) assumed coverage on NextEra Energy in a report on Monday, July 24th. They issued a “buy” rating and a $160.00 price objective on the stock. BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $147.00 price objective (up previously from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. Morgan Stanley boosted their price objective on NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $158.00 price objective (up previously from $150.00) on shares of NextEra Energy in a report on Monday, June 19th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. NextEra Energy presently has an average rating of “Buy” and an average price target of $153.09.

The company has a 50-day moving average of $148.73 and a 200-day moving average of $141.14. The company has a market capitalization of $69.20 billion, a PE ratio of 16.89 and a beta of 0.31.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, beating the consensus estimate of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period last year, the company posted $1.67 earnings per share. The firm’s revenue was up 15.4% compared to the same quarter last year. Equities analysts anticipate that NextEra Energy, Inc. will post $6.73 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were given a $0.9825 dividend. This represents a $3.93 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Wednesday, August 23rd. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.

In other NextEra Energy news, EVP Charles E. Sieving sold 30,485 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $146.56, for a total value of $4,467,881.60. Following the transaction, the executive vice president now directly owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John W. Ketchum sold 2,900 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $150.00, for a total value of $435,000.00. Following the completion of the transaction, the executive vice president now directly owns 18,786 shares in the company, valued at $2,817,900. The disclosure for this sale can be found here. Insiders sold 63,385 shares of company stock worth $9,314,382 over the last three months. 0.53% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Hanson McClain Inc. raised its position in NextEra Energy by 6.0% in the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 43 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 71 shares during the period. Highstreet Asset Management Inc. purchased a new position in NextEra Energy in the second quarter valued at about $134,000. Atlantic Trust LLC purchased a new position in NextEra Energy in the second quarter valued at about $154,000. Finally, Pacific Center for Financial Services raised its position in NextEra Energy by 50.1% in the second quarter. Pacific Center for Financial Services now owns 1,139 shares of the utilities provider’s stock valued at $160,000 after purchasing an additional 380 shares during the period. 75.41% of the stock is currently owned by institutional investors.

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NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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