NextEra Energy, Inc. (NYSE:NEE – Get Free Report) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 25,029 call options on the company. This is an increase of 141% compared to the typical volume of 10,395 call options.
Insider Buying and Selling
In other NextEra Energy news, Director James Lawrence Camaren purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average cost of $67.85 per share, with a total value of $271,400.00. Following the purchase, the director now owns 8,000 shares of the company’s stock, valued at $542,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Kirk S. Hachigian bought 10,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average cost of $67.95 per share, with a total value of $679,500.00. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $1,019,250. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Lawrence Camaren bought 4,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average cost of $67.85 per share, with a total value of $271,400.00. Following the completion of the transaction, the director now owns 8,000 shares in the company, valued at $542,800. The disclosure for this purchase can be found here. In the last three months, insiders acquired 27,600 shares of company stock valued at $1,960,836. Insiders own 0.18% of the company’s stock.
Hedge Funds Weigh In On NextEra Energy
Several institutional investors and hedge funds have recently modified their holdings of NEE. Sageworth Trust Co raised its holdings in NextEra Energy by 1,794.1% in the 1st quarter. Sageworth Trust Co now owns 322 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 305 shares during the period. Alaska Permanent Fund Corp acquired a new position in NextEra Energy in the 2nd quarter worth about $26,000. Your Advocates Ltd. LLP acquired a new position in NextEra Energy in the 1st quarter worth about $31,000. Magellan Asset Management Ltd acquired a new position in NextEra Energy in the 1st quarter worth about $32,000. Finally, Coppell Advisory Solutions LLC acquired a new position in NextEra Energy in the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 76.48% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Report on NextEra Energy
NextEra Energy Stock Down 0.7 %
Shares of NEE stock opened at $65.72 on Thursday. NextEra Energy has a 1-year low of $65.36 and a 1-year high of $91.06. The stock’s fifty day moving average price is $70.60 and its 200 day moving average price is $73.66. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.53 and a quick ratio of 0.45. The company has a market cap of $133.00 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 2.57 and a beta of 0.47.
NextEra Energy (NYSE:NEE – Get Free Report) last posted its quarterly earnings results on Tuesday, July 25th. The utilities provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.07. The business had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $6.68 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 30.05%. During the same quarter in the previous year, the business earned $0.81 EPS. On average, research analysts expect that NextEra Energy will post 3.11 earnings per share for the current fiscal year.
NextEra Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, August 30th will be issued a $0.4675 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.87 annualized dividend and a dividend yield of 2.85%. NextEra Energy’s dividend payout ratio (DPR) is presently 46.29%.
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, 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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