Investors Sell NextEra Energy (NEE) on Strength After Earnings Miss

Investors sold shares of NextEra Energy (NYSE:NEE) on strength during trading on Tuesday following a dissappointing earnings announcement. $108.48 million flowed into the stock on the tick-up and $123.80 million flowed out of the stock on the tick-down, for a money net flow of $15.32 million out of the stock. Of all companies tracked, NextEra Energy had the 0th highest net out-flow for the day. NextEra Energy traded up $1.04 for the day and closed at $162.17The utilities provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.16. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $4.15 billion. NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. NextEra Energy’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.75 EPS.

Several analysts recently weighed in on the company. KeyCorp raised their price objective on NextEra Energy from $165.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, April 18th. Morgan Stanley raised their price objective on NextEra Energy from $168.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, April 16th. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating and set a $182.00 price objective on the stock. in a research note on Wednesday, April 11th. JPMorgan Chase raised their price objective on NextEra Energy from $167.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 10th. Finally, ValuEngine raised NextEra Energy from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $168.85.

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In other news, Director James L. Robo sold 18,000 shares of NextEra Energy stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $160.89, for a total transaction of $2,896,020.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of NextEra Energy stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total value of $1,404,427.50. The disclosure for this sale can be found here. Insiders have sold 62,245 shares of company stock worth $9,783,623 over the last three months. Insiders own 0.55% of the company’s stock.



Several institutional investors and hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its position in shares of NextEra Energy by 11.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 46,013 shares of the utilities provider’s stock worth $7,187,000 after acquiring an additional 4,883 shares during the last quarter. Certified Advisory Corp bought a new position in shares of NextEra Energy during the fourth quarter worth about $208,000. Ackerman Capital Advisors LLC bought a new position in shares of NextEra Energy during the fourth quarter worth about $210,000. Fairfield Bush & CO. raised its position in shares of NextEra Energy by 96.6% during the fourth quarter. Fairfield Bush & CO. now owns 2,850 shares of the utilities provider’s stock worth $445,000 after acquiring an additional 1,400 shares during the last quarter. Finally, KCM Investment Advisors LLC raised its position in shares of NextEra Energy by 0.7% during the fourth quarter. KCM Investment Advisors LLC now owns 112,974 shares of the utilities provider’s stock worth $17,645,000 after acquiring an additional 805 shares during the last quarter. Institutional investors own 76.35% of the company’s stock.

The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.52. The stock has a market capitalization of $75,859.04, a PE ratio of 23.93, a PEG ratio of 2.55 and a beta of 0.24.

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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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