Investors Buy NextEra Energy (NEE) on Weakness
Traders purchased shares of NextEra Energy Inc (NYSE:NEE) on weakness during trading hours on Wednesday. $96.87 million flowed into the stock on the tick-up and $62.25 million flowed out of the stock on the tick-down, for a money net flow of $34.62 million into the stock. Of all equities tracked, NextEra Energy had the 15th highest net in-flow for the day. NextEra Energy traded down ($0.75) for the day and closed at $172.79
Several equities research analysts have issued reports on the company. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $204.00 price target for the company in a research note on Monday, December 17th. Guggenheim reaffirmed a “buy” rating and set a $205.00 price target on shares of NextEra Energy in a research note on Monday. Argus lifted their price target on NextEra Energy from $184.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Wells Fargo & Co lifted their price target on NextEra Energy from $191.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 10th. Finally, Barclays lifted their price target on NextEra Energy from $182.00 to $187.00 and gave the stock a “hold” rating in a research note on Monday, November 19th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $179.15.
The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 0.72. The company has a market cap of $82.58 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 2.38 and a beta of 0.22.
In related news, CEO Armando Pimentel, Jr. sold 35,347 shares of the business’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $180.81, for a total transaction of $6,391,091.07. Following the transaction, the chief executive officer now owns 94,596 shares in the company, valued at approximately $17,103,902.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $170.23, for a total value of $272,368.00. Following the transaction, the director now owns 20,100 shares in the company, valued at approximately $3,421,623. The disclosure for this sale can be found here. In the last three months, insiders sold 79,598 shares of company stock valued at $14,306,013. 0.55% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in NEE. Hexavest Inc. purchased a new position in shares of NextEra Energy during the 4th quarter worth approximately $68,255,000. State of Alaska Department of Revenue boosted its position in shares of NextEra Energy by 3.5% in the 4th quarter. State of Alaska Department of Revenue now owns 124,264 shares of the utilities provider’s stock worth $21,597,000 after purchasing an additional 4,149 shares in the last quarter. Vision Capital Management Inc. boosted its position in shares of NextEra Energy by 1.6% in the 4th quarter. Vision Capital Management Inc. now owns 35,796 shares of the utilities provider’s stock worth $6,222,000 after purchasing an additional 571 shares in the last quarter. United Capital Management of KS Inc. bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $232,000. Finally, Lynch & Associates IN boosted its position in shares of NextEra Energy by 1.2% in the 4th quarter. Lynch & Associates IN now owns 15,624 shares of the utilities provider’s stock worth $2,716,000 after purchasing an additional 178 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.
NextEra Energy Company Profile (NYSE:NEE)
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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