Investors sold shares of NextEra Energy Inc (NYSE:NEE) on strength during trading hours on Tuesday after an insider sold shares in the company. $50.87 million flowed into the stock on the tick-up and $88.72 million flowed out of the stock on the tick-down, for a money net flow of $37.85 million out of the stock. Of all stocks tracked, NextEra Energy had the 0th highest net out-flow for the day. NextEra Energy traded up $0.49 for the day and closed at $160.42Specifically, CEO Armando Pimentel, Jr. sold 9,250 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total transaction of $1,404,427.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James L. Robo sold 18,000 shares of the company’s stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $160.89, for a total transaction of $2,896,020.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,245 shares of company stock worth $9,783,623. Insiders own 0.53% of the company’s stock.
Several research firms have commented on NEE. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Morgan Stanley dropped their price objective on shares of NextEra Energy from $170.00 to $168.00 and set an “overweight” rating on the stock in a report on Thursday, March 8th. UBS began coverage on shares of NextEra Energy in a report on Friday, February 2nd. They set a “buy” rating and a $177.00 price objective on the stock. Finally, Guggenheim reaffirmed a “buy” rating and set a $182.00 price objective on shares of NextEra Energy in a report on Friday, January 26th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $163.13.
The stock has a market capitalization of $75,294.08, a price-to-earnings ratio of 14.05, a PEG ratio of 2.63 and a beta of 0.32. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the company posted $1.21 earnings per share. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. sell-side analysts expect that NextEra Energy Inc will post 7.73 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, February 27th were given a $1.11 dividend. This represents a $4.44 annualized dividend and a dividend yield of 2.77%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.98. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio is 38.98%.
Hedge funds have recently bought and sold shares of the stock. Achmea Investment Management B.V. increased its position in shares of NextEra Energy by 61.5% in the third quarter. Achmea Investment Management B.V. now owns 52,613 shares of the utilities provider’s stock worth $7,708,000 after purchasing an additional 20,028 shares during the last quarter. AXA increased its position in shares of NextEra Energy by 5.2% in the third quarter. AXA now owns 383,033 shares of the utilities provider’s stock worth $56,133,000 after purchasing an additional 19,060 shares during the last quarter. South Dakota Investment Council bought a new position in shares of NextEra Energy in the third quarter worth approximately $2,535,000. Ninepoint Partners LP bought a new position in shares of NextEra Energy in the third quarter worth approximately $449,000. Finally, Belpointe Asset Management LLC bought a new position in shares of NextEra Energy in the third quarter worth approximately $286,000. Institutional investors own 76.36% of the company’s stock.
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About NextEra Energy
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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