NextEra Energy Inc (NYSE:NEE) Short Interest Update

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NextEra Energy Inc (NYSE:NEE) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 4,150,000 shares, a decline of 9.6% from the August 31st total of 4,590,000 shares. Based on an average trading volume of 1,780,000 shares, the days-to-cover ratio is currently 2.3 days.

In other NextEra Energy news, EVP Ronald R. Reagan sold 172 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $290.00, for a total transaction of $49,880.00. Following the sale, the executive vice president now owns 8,366 shares of the company’s stock, valued at $2,426,140. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sherry S. Barrat sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, July 14th. The stock was sold at an average price of $256.24, for a total transaction of $563,728.00. The disclosure for this sale can be found here. Insiders sold 53,331 shares of company stock valued at $14,782,720 in the last quarter. 0.40% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in NEE. HWG Holdings LP grew its position in NextEra Energy by 31.9% during the third quarter. HWG Holdings LP now owns 1,244 shares of the utilities provider’s stock valued at $345,000 after buying an additional 301 shares during the period. Trust Co. of Toledo NA OH grew its position in NextEra Energy by 0.7% during the third quarter. Trust Co. of Toledo NA OH now owns 22,439 shares of the utilities provider’s stock valued at $6,228,000 after buying an additional 157 shares during the period. Private Trust Co. NA grew its position in NextEra Energy by 0.4% during the third quarter. Private Trust Co. NA now owns 13,009 shares of the utilities provider’s stock valued at $3,610,000 after buying an additional 49 shares during the period. Axel Capital Management LLC acquired a new stake in NextEra Energy during the third quarter valued at $2,776,000. Finally, Demars Financial Group LLC acquired a new stake in NextEra Energy during the second quarter valued at $30,000. 75.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:NEE traded down $1.59 during mid-day trading on Friday, reaching $281.17. 2,067,954 shares of the stock were exchanged, compared to its average volume of 2,494,963. The company has a quick ratio of 0.50, a current ratio of 0.61 and a debt-to-equity ratio of 1.03. The company has a market cap of $137.67 billion, a P/E ratio of 38.78, a P/E/G ratio of 3.87 and a beta of 0.20. NextEra Energy has a one year low of $174.80 and a one year high of $299.30. The stock’s 50 day simple moving average is $280.35 and its 200-day simple moving average is $254.17.

NextEra Energy’s stock is going to split on the morning of Tuesday, October 27th. The 4-1 split was announced on Monday, September 14th. The newly minted shares will be issued to shareholders after the closing bell on Monday, October 26th.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, July 24th. The utilities provider reported $2.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.11. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $5.32 billion. NextEra Energy had a return on equity of 10.55% and a net margin of 18.71%. The business’s revenue was down 15.4% compared to the same quarter last year. During the same period last year, the company earned $2.35 earnings per share. Analysts anticipate that NextEra Energy will post 9.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were paid a dividend of $1.40 per share. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.99%. NextEra Energy’s dividend payout ratio (DPR) is currently 66.91%.

A number of analysts have weighed in on the stock. Atlantic Securities assumed coverage on shares of NextEra Energy in a report on Friday, September 4th. They set an “overweight” rating and a $330.00 price objective on the stock. Argus raised their price objective on shares of NextEra Energy from $295.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. They noted that the move was a valuation call. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $289.00 to $297.00 and gave the stock an “overweight” rating in a report on Tuesday, September 22nd. Seaport Global Securities assumed coverage on shares of NextEra Energy in a report on Tuesday, September 22nd. They set a “buy” rating and a $229.00 price objective on the stock. Finally, Credit Suisse Group raised their price objective on shares of NextEra Energy from $252.00 to $265.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $270.94.

NextEra Energy Company Profile

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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