NextEra Energy, Inc. (NYSE:NEE) Sees Large Decline in Short Interest


NextEra Energy, Inc. (NYSE:NEE – Get Rating) saw a significant drop in short interest in June. As of June 15th, there was short interest totalling 20,230,000 shares, a drop of 26.9% from the May 31st total of 27,690,000 shares. Based on an average trading volume of 10,150,000 shares, the short-interest ratio is presently 2.0 days. Currently, 4.2% of the company’s stock are sold short.

Shares of NextEra Energy stock traded up $3.10 on Friday, hitting $80.56. 7,718,439 shares of the company’s stock were exchanged, compared to its average volume of 9,361,352. The company has a 50-day simple moving average of $74.03 and a 200-day simple moving average of $79.28. The stock has a market capitalization of $158.26 billion, a PE ratio of 108.86, a PEG ratio of 3.09 and a beta of 0.45. NextEra Energy has a 1 year low of $67.22 and a 1 year high of $93.73. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.42 and a current ratio of 0.49.

NextEra Energy (NYSE:NEE – Get Rating) last issued its quarterly earnings results on Thursday, April 21st. The utilities provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $5.16 billion. NextEra Energy had a net margin of 8.97% and a return on equity of 11.49%. During the same quarter last year, the company posted $0.67 EPS. On average, analysts expect that NextEra Energy will post 2.84 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Friday, May 27th. NextEra Energy’s dividend payout ratio is presently 229.73%.

In other news, Director Kirk S. Hachigian purchased 10,000 shares of NextEra Energy stock in a transaction that occurred on Tuesday, May 3rd. The stock was bought at an average price of $70.19 per share, with a total value of $701,900.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $350,950. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at $31,000. Contravisory Investment Management Inc. lifted its stake in shares of NextEra Energy by 295.5% during the 1st quarter. Contravisory Investment Management Inc. now owns 348 shares of the utilities provider’s stock valued at $29,000 after buying an additional 260 shares in the last quarter. Evolution Advisers Inc. purchased a new position in shares of NextEra Energy during the 1st quarter valued at $33,000. PYA Waltman Capital LLC purchased a new position in shares of NextEra Energy during the 1st quarter valued at $36,000. Finally, Comprehensive Financial Consultants Institutional Inc. bought a new stake in NextEra Energy in the 4th quarter valued at $34,000. Institutional investors own 77.89% of the company’s stock.

A number of research firms have commented on NEE. Wells Fargo & Company lifted their target price on shares of NextEra Energy from $102.00 to $107.00 and gave the stock an “overweight” rating in a research report on Monday, April 18th. KeyCorp lifted their target price on shares of NextEra Energy from $87.00 to $89.00 and gave the stock an “overweight” rating in a research report on Thursday, April 7th. StockNews.com began coverage on shares of NextEra Energy in a research report on Thursday, March 31st. They issued a “hold” rating for the company. BMO Capital Markets cut their target price on shares of NextEra Energy from $105.00 to $93.00 in a research report on Monday, June 13th. Finally, Credit Suisse Group set a $76.00 target price on shares of NextEra Energy in a research report on Monday, June 20th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.86.

NextEra Energy Company Profile (Get Rating)

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, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

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