NextEra Energy, Inc. (NYSE:NEE) Short Interest Up 29.7% in April

NextEra Energy, Inc. (NYSE:NEE) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 26,500,000 shares, a growth of 29.7% from the March 31st total of 20,430,000 shares. Based on an average trading volume of 9,010,000 shares, the days-to-cover ratio is presently 2.9 days.

NEE has been the topic of several research reports. Bank of America reiterated a “buy” rating and issued a $81.00 price objective on shares of NextEra Energy in a research note on Friday, January 15th. Morgan Stanley upped their price objective on shares of NextEra Energy from $66.00 to $72.00 and gave the company an “equal weight” rating in a research note on Monday, April 26th. Wells Fargo & Company upped their price objective on shares of NextEra Energy from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, January 27th. Barclays upped their price objective on shares of NextEra Energy from $78.00 to $82.00 and gave the company an “equal weight” rating in a research note on Monday, April 19th. Finally, Sanford C. Bernstein initiated coverage on shares of NextEra Energy in a research report on Tuesday, March 9th. They issued an “outperform” rating and a $88.00 target price for the company. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. NextEra Energy has a consensus rating of “Buy” and a consensus target price of $78.83.

In other news, EVP Ronald R. Reagan sold 3,750 shares of the business’s stock in a transaction that occurred on Thursday, April 15th. The shares were sold at an average price of $80.00, for a total transaction of $300,000.00. Following the sale, the executive vice president now owns 32,209 shares in the company, valued at $2,576,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO James Michael May sold 6,031 shares of the business’s stock in a transaction that occurred on Wednesday, March 17th. The shares were sold at an average price of $75.00, for a total transaction of $452,325.00. Following the sale, the chief accounting officer now owns 12,508 shares in the company, valued at approximately $938,100. The disclosure for this sale can be found here. Insiders have sold 192,680 shares of company stock worth $14,718,893 in the last 90 days. 0.40% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arlington Partners LLC boosted its holdings in NextEra Energy by 97.0% in the 4th quarter. Arlington Partners LLC now owns 329 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 162 shares during the period. Avion Wealth boosted its holdings in NextEra Energy by 300.0% in the 4th quarter. Avion Wealth now owns 336 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 252 shares during the period. Hoover Financial Advisors Inc. bought a new stake in NextEra Energy in the 4th quarter valued at $29,000. Safeguard Investment Advisory Group LLC bought a new stake in NextEra Energy in the 4th quarter valued at $29,000. Finally, Northwest Investment Counselors LLC bought a new stake in NextEra Energy in the 1st quarter valued at $29,000. 19.20% of the stock is owned by institutional investors and hedge funds.

NYSE NEE opened at $75.69 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 1.02. The company has a fifty day simple moving average of $76.43 and a 200 day simple moving average of $78.08. The company has a market cap of $148.46 billion, a P/E ratio of 38.13, a P/E/G ratio of 4.07 and a beta of 0.16. NextEra Energy has a 1 year low of $55.65 and a 1 year high of $87.69.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 20th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.08. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $5.01 billion. NextEra Energy had a net margin of 21.44% and a return on equity of 10.79%. NextEra Energy’s quarterly revenue was down 19.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. Equities research analysts forecast that NextEra Energy will post 2.3 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Friday, February 26th were issued a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Thursday, February 25th. NextEra Energy’s dividend payout ratio is currently 73.68%.

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 fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

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