Investors Buy Large Volume of Put Options on NextEra Energy (NYSE:NEE)

NextEra Energy, Inc. (NYSE:NEE) was the target of unusually large options trading on Monday. Traders bought 18,055 put options on the company. This represents an increase of 979% compared to the typical volume of 1,673 put options.

A number of brokerages have commented on NEE. Barclays lifted their target price on NextEra Energy from $78.00 to $82.00 and gave the company an “equal weight” rating in a research note on Monday, April 19th. Credit Suisse Group upgraded NextEra Energy from a “neutral” rating to an “outperform” rating and decreased their target price for the company from $87.00 to $85.00 in a research note on Monday, March 15th. Sanford C. Bernstein initiated coverage on NextEra Energy in a research note on Tuesday, March 9th. They issued an “outperform” rating and a $88.00 target price for the company. Morgan Stanley boosted their price objective on NextEra Energy from $66.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Monday, April 26th. Finally, Wells Fargo & Company boosted their price objective on NextEra Energy from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 27th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $78.83.

In other NextEra Energy news, CEO Eric E. Silagy sold 9,268 shares of NextEra Energy stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $80.00, for a total value of $741,440.00. Following the completion of the transaction, the chief executive officer now directly owns 144,977 shares in the company, valued at $11,598,160. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James L. Robo sold 118,000 shares of NextEra Energy stock in a transaction that occurred on Tuesday, May 11th. The shares were sold at an average price of $73.55, for a total value of $8,678,900.00. The disclosure for this sale can be found here. Insiders sold 350,316 shares of company stock valued at $26,377,231 over the last quarter. Insiders own 0.40% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NEE. Avion Wealth lifted its position in NextEra Energy by 300.0% in the fourth quarter. Avion Wealth now owns 336 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 252 shares during the period. Hoover Financial Advisors Inc. acquired a new stake in shares of NextEra Energy during the 4th quarter valued at $29,000. Safeguard Investment Advisory Group LLC acquired a new stake in shares of NextEra Energy during the 4th quarter valued at $29,000. Northwest Investment Counselors LLC acquired a new stake in shares of NextEra Energy during the 1st quarter valued at $29,000. Finally, Abundance Wealth Counselors acquired a new stake in shares of NextEra Energy during the 1st quarter valued at $29,000. Hedge funds and other institutional investors own 19.20% of the company’s stock.

NEE opened at $71.90 on Tuesday. The company has a market capitalization of $141.03 billion, a price-to-earnings ratio of 36.22, a price-to-earnings-growth ratio of 4.07 and a beta of 0.16. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.57 and a quick ratio of 0.48. NextEra Energy has a 1-year low of $56.79 and a 1-year high of $87.69. The business has a 50 day moving average price of $76.67 and a two-hundred day moving average price of $76.83.

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

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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