Traders Buy NextEra Energy (NEE) on Weakness After Insider Selling

Investors bought shares of NextEra Energy Inc (NYSE:NEE) on weakness during trading hours on Wednesday following insider selling activity. $105.44 million flowed into the stock on the tick-up and $55.30 million flowed out of the stock on the tick-down, for a money net flow of $50.14 million into the stock. Of all equities tracked, NextEra Energy had the 19th highest net in-flow for the day. NextEra Energy traded down ($2.05) for the day and closed at $151.76Specifically, CEO Armando Pimentel, Jr. sold 42,372 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total value of $6,671,471.40. Following the transaction, the chief executive officer now owns 121,958 shares in the company, valued at approximately $19,202,287.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 have sold a total of 54,466 shares of company stock worth $8,515,780 in the last 90 days. Company insiders own 0.53% of the company’s stock.

NEE has been the topic of several recent research reports. Bank of America initiated coverage on shares of NextEra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price objective on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $156.00 price objective on shares of NextEra Energy in a research note on Tuesday, November 7th. Argus reiterated a “buy” rating and issued a $173.00 price objective on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Credit Suisse Group initiated coverage on shares of NextEra Energy in a research note on Thursday, December 7th. They issued an “outperform” rating and a $173.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price objective on the stock in a research note on Tuesday, December 12th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $161.56.

The company has a market cap of $71,450.00, a price-to-earnings ratio of 20.73, a PEG ratio of 2.58 and a beta of 0.28. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.52.

NextEra Energy (NYSE:NEE) last released 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). The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.18 billion. NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.21 earnings per share. equities research analysts predict that NextEra Energy Inc will post 7.68 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be issued a $1.11 dividend. This represents a $4.44 annualized dividend and a yield of 2.93%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Monday, February 26th. NextEra Energy’s dividend payout ratio is currently 53.69%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its holdings in NextEra Energy by 2,832.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock valued at $252,287,000 after buying an additional 1,738,989 shares in the last quarter. Vanguard Group Inc. grew its holdings in NextEra Energy by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after buying an additional 1,503,907 shares in the last quarter. Millennium Management LLC grew its holdings in NextEra Energy by 243.4% during the 4th quarter. Millennium Management LLC now owns 1,465,988 shares of the utilities provider’s stock valued at $228,973,000 after buying an additional 1,039,072 shares in the last quarter. Standard Life Aberdeen plc grew its holdings in NextEra Energy by 104.7% during the 4th quarter. Standard Life Aberdeen plc now owns 1,666,351 shares of the utilities provider’s stock valued at $260,326,000 after buying an additional 852,434 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in NextEra Energy by 26.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock valued at $548,102,000 after buying an additional 777,351 shares in the last quarter. 75.50% of the stock is 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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