Investors Sell NextEra Energy, Inc. (NEE) on Strength on Insider Selling

Investors sold shares of NextEra Energy, Inc. (NYSE:NEE) on strength during trading hours on Monday after an insider sold shares in the company. $27.13 million flowed into the stock on the tick-up and $44.72 million flowed out of the stock on the tick-down, for a money net flow of $17.59 million out of the stock. Of all equities tracked, NextEra Energy had the 0th highest net out-flow for the day. NextEra Energy traded up $0.34 for the day and closed at $147.09Specifically, Director James L. Robo sold 30,000 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total transaction of $4,411,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Eric E. Silagy sold 8,111 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the transaction, the director now directly owns 26,884 shares in the company, valued at $3,779,352.72. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

NEE has been the topic of several research reports. Royal Bank Of Canada reissued a “buy” rating and issued a $144.00 price target on shares of NextEra Energy in a research note on Tuesday, May 2nd. BMO Capital Markets reissued a “buy” rating and issued a $156.00 price target (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. BidaskClub cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Barclays PLC restated an “overweight” rating and set a $150.00 price objective (up from $139.00) on shares of NextEra Energy in a research report on Sunday, April 23rd. Finally, Wells Fargo & Company restated an “outperform” rating and set a $158.00 price objective (up from $150.00) on shares of NextEra Energy in a research report on Monday, June 19th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $148.64.

The company has a market capitalization of $70.35 billion, a price-to-earnings ratio of 17.17 and a beta of 0.32. The firm has a 50 day moving average of $144.37 and a 200 day moving average of $136.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the business posted $1.67 earnings per share. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. Analysts expect that NextEra Energy, Inc. will post $6.72 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a yield of 2.62%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.

A number of institutional investors have recently made changes to their positions in NEE. Cribstone Capital Management LLC boosted its stake in NextEra Energy by 54.6% in the first quarter. Cribstone Capital Management LLC now owns 1,939 shares of the utilities provider’s stock worth $250,000 after buying an additional 685 shares during the last quarter. Doyle Wealth Management bought a new stake in NextEra Energy during the first quarter worth about $3,786,000. Berkshire Asset Management LLC PA boosted its stake in NextEra Energy by 12.6% in the first quarter. Berkshire Asset Management LLC PA now owns 1,982 shares of the utilities provider’s stock worth $254,000 after buying an additional 222 shares during the last quarter. Pinnacle Bank bought a new stake in NextEra Energy during the first quarter worth about $161,000. Finally, Beese Fulmer Investment Management Inc. boosted its stake in NextEra Energy by 0.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 2,199 shares of the utilities provider’s stock worth $282,000 after buying an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 76.84% 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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