NextEra Energy, Inc. (NYSE:NEE) Sees Significant Drop in Short Interest

NextEra Energy, Inc. (NYSE:NEE - Get Free Report) saw a large decrease in short interest in October. As of October 15th, there was short interest totalling 27,990,000 shares, a decrease of 18.3% from the September 30th total of 34,270,000 shares. Based on an average daily trading volume, of 8,610,000 shares, the days-to-cover ratio is presently 3.3 days.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Mirador Capital Partners LP boosted its position in shares of NextEra Energy by 35.2% in the 1st quarter. Mirador Capital Partners LP now owns 5,379 shares of the utilities provider's stock worth $344,000 after buying an additional 1,400 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of NextEra Energy by 3.5% in the 1st quarter. Miracle Mile Advisors LLC now owns 12,519 shares of the utilities provider's stock valued at $800,000 after buying an additional 420 shares during the period. Congress Wealth Management LLC DE raised its position in shares of NextEra Energy by 1.1% during the 1st quarter. Congress Wealth Management LLC DE now owns 178,765 shares of the utilities provider's stock worth $11,425,000 after purchasing an additional 1,867 shares during the period. Farmers & Merchants Investments Inc. lifted its stake in NextEra Energy by 62.7% in the first quarter. Farmers & Merchants Investments Inc. now owns 80,611 shares of the utilities provider's stock valued at $5,152,000 after buying an additional 31,061 shares during the last quarter. Finally, MV Capital Management Inc. grew its holdings in NextEra Energy by 7.3% in the 1st quarter. MV Capital Management Inc. now owns 5,158 shares of the utilities provider's stock worth $330,000 after buying an additional 349 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Trading Up 1.8 %

Shares of NextEra Energy stock traded up $1.44 on Monday, reaching $82.87. The company had a trading volume of 8,672,775 shares, compared to its average volume of 10,722,962. NextEra Energy has a 1 year low of $53.81 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The firm's 50-day moving average price is $82.43 and its two-hundred day moving average price is $76.41. The firm has a market cap of $170.26 billion, a price-to-earnings ratio of 22.58, a P/E/G ratio of 3.03 and a beta of 0.56.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 earnings per share. As a group, research analysts predict that NextEra Energy will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy's dividend payout ratio (DPR) is presently 56.13%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Scotiabank upped their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 20th. Bank of America raised their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a "neutral" rating in a research note on Thursday, August 29th. Royal Bank of Canada cut shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley boosted their price target on NextEra Energy from $87.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of "Hold" and a consensus price target of $86.54.

About NextEra Energy

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,natural gas, and other clean energy. 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.