Short Interest in NextEra Energy Inc. (NEE) Grows By 111.9%
NextEra Energy Inc. (NYSE:NEE) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 14,167,395 shares, an increase of 111.9% from the October 31st total of 6,686,183 shares. Based on an average daily volume of 4,269,954 shares, the days-to-cover ratio is presently 3.3 days. Approximately 3.1% of the company’s shares are short sold.
A number of research analysts have issued reports on the stock. Deutsche Bank AG downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price objective on the stock. in a research report on Friday, September 23rd. Bank of America Corp. reissued a “buy” rating and set a $149.00 price objective on shares of NextEra Energy in a research report on Tuesday, September 27th. Mizuho restated a “buy” rating and set a $138.00 target price on shares of NextEra Energy in a report on Tuesday, August 30th. Finally, Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a report on Tuesday, November 22nd. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $129.08.
NextEra Energy (NYSE:NEE) opened at 117.27 on Wednesday. The company has a market cap of $54.80 billion, a PE ratio of 22.16 and a beta of 0.26. The firm’s 50-day moving average is $120.80 and its 200 day moving average is $123.64. NextEra Energy has a 1-year low of $96.19 and a 1-year high of $131.98.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Monday, October 31st. The company reported $1.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.07. NextEra Energy had a return on equity of 11.90% and a net margin of 14.74%. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.87 billion. During the same quarter in the prior year, the company posted $1.60 EPS. Analysts predict that NextEra Energy will post $6.21 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 25th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Tuesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 66.29%.
In other NextEra Energy news, EVP Charles E. Sieving sold 24,927 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $123.55, for a total transaction of $3,079,730.85. Following the transaction, the executive vice president now directly owns 47,189 shares of the company’s stock, valued at approximately $5,830,200.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Armando Pimentel, Jr. sold 5,022 shares of the business’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $123.70, for a total transaction of $621,221.40. Following the transaction, the chief executive officer now directly owns 72,165 shares in the company, valued at $8,926,810.50. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Global X Management Co. LLC raised its position in shares of NextEra Energy by 242.3% in the second quarter. Global X Management Co. LLC now owns 818 shares of the company’s stock valued at $107,000 after buying an additional 579 shares during the period. Riggs Asset Managment Co. Inc. raised its position in NextEra Energy by 378.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 948 shares of the company’s stock valued at $124,000 after buying an additional 750 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in NextEra Energy during the third quarter valued at about $129,000. James Investment Research Inc. raised its position in NextEra Energy by 47.2% in the third quarter. James Investment Research Inc. now owns 1,073 shares of the company’s stock valued at $131,000 after buying an additional 344 shares during the last quarter. Finally, Woodmont Investment Counsel LLC purchased a new position in NextEra Energy during the third quarter valued at about $138,000. 72.53% of the stock is currently owned by institutional investors and hedge funds.
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NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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