Traders Buy Shares of NextEra Energy, Inc. (NEE) on Weakness

Investors bought shares of NextEra Energy, Inc. (NYSE:NEE) on weakness during trading hours on Tuesday. $64.68 million flowed into the stock on the tick-up and $30.91 million flowed out of the stock on the tick-down, for a money net flow of $33.77 million into the stock. Of all equities tracked, NextEra Energy had the 20th highest net in-flow for the day. NextEra Energy traded down ($0.29) for the day and closed at $155.07

NEE has been the topic of several recent analyst reports. KeyCorp restated a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a report on Friday, September 1st. Morgan Stanley boosted their price objective on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. BidaskClub downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Finally, J P Morgan Chase & Co initiated coverage on NextEra Energy in a report on Thursday, September 7th. They set an “overweight” rating and a $173.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $154.69.

The firm has a market cap of $72.76 billion, a P/E ratio of 17.76 and a beta of 0.31. The firm’s 50-day moving average price is $149.89 and its 200 day moving average price is $143.87.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.08. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. NextEra Energy’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.74 earnings per share. Analysts forecast that NextEra Energy, Inc. will post $6.77 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is currently 44.16%.

In other 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 transaction of $4,467,881.60. Following the sale, the executive vice president now owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Joseph T. Kelliher sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,385 shares of company stock worth $9,614,382. 0.53% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in NEE. Waldron LP raised its position in NextEra Energy by 1.6% in the 1st quarter. Waldron LP now owns 5,510 shares of the utilities provider’s stock valued at $707,000 after buying an additional 87 shares during the last quarter. Summit Asset Management LLC raised its position in NextEra Energy by 8.8% in the 1st quarter. Summit Asset Management LLC now owns 3,715 shares of the utilities provider’s stock valued at $477,000 after buying an additional 300 shares during the last quarter. CIBC World Markets Inc. raised its position in NextEra Energy by 95.2% in the 1st quarter. CIBC World Markets Inc. now owns 16,750 shares of the utilities provider’s stock valued at $2,150,000 after buying an additional 8,169 shares during the last quarter. Blue Chip Partners Inc. raised its position in NextEra Energy by 22.1% in the 1st quarter. Blue Chip Partners Inc. now owns 13,793 shares of the utilities provider’s stock valued at $1,771,000 after buying an additional 2,500 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its position in NextEra Energy by 8.5% in the 1st quarter. State of Wisconsin Investment Board now owns 461,184 shares of the utilities provider’s stock valued at $59,202,000 after buying an additional 35,959 shares during the last quarter. 75.30% of the stock is currently owned by institutional investors and hedge funds.

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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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