Traders purchased shares of NextEra Energy (NYSE:NEE) on weakness during trading on Thursday. $55.28 million flowed into the stock on the tick-up and $36.08 million flowed out of the stock on the tick-down, for a money net flow of $19.20 million into the stock. Of all companies tracked, NextEra Energy had the 33rd highest net in-flow for the day. NextEra Energy traded down ($0.75) for the day and closed at $156.42
A number of brokerages have issued reports on NEE. ValuEngine cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase lifted their price objective on NextEra Energy from $170.00 to $171.00 and gave the company an “overweight” rating in a research note on Thursday, April 26th. KeyCorp boosted their price target on NextEra Energy from $165.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 18th. Morgan Stanley boosted their price target on NextEra Energy from $168.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, April 16th. Finally, Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating and set a $182.00 price target for the company. in a research note on Wednesday, April 11th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $168.92.
The company has a debt-to-equity ratio of 0.78, a current ratio of 0.59 and a quick ratio of 0.46. The company has a market capitalization of $74.79 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 2.34 and a beta of 0.23.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 24th. The utilities provider reported $1.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.16. The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $4.15 billion. NextEra Energy had a return on equity of 10.91% and a net margin of 48.13%. The company’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.75 earnings per share. analysts forecast that NextEra Energy will post 7.74 earnings per share for the current fiscal year.
In related news, Director James L. Robo sold 18,000 shares of the company’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $160.89, for a total transaction of $2,896,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric E. Silagy sold 11,114 shares of the company’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $160.82, for a total value of $1,787,353.48. Following the sale, the director now owns 25,898 shares of the company’s stock, valued at approximately $4,164,916.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,109 shares of company stock valued at $10,166,549. 0.55% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Gables Capital Management Inc. bought a new stake in NextEra Energy during the first quarter valued at about $105,000. Taylor Hoffman Wealth Management bought a new stake in NextEra Energy during the fourth quarter valued at about $106,000. D Orazio & Associates Inc. bought a new stake in NextEra Energy during the fourth quarter valued at about $113,000. Cerebellum GP LLC bought a new stake in NextEra Energy during the fourth quarter valued at about $128,000. Finally, Keeler Thomas Management LLC bought a new stake in NextEra Energy during the fourth quarter valued at about $129,000. Institutional investors own 76.38% of the company’s stock.
About NextEra Energy
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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