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

Tuesday, September 15, 2020 | MarketBeat

NextEra Energy Inc (NYSE:NEE) was the target of some unusual options trading on Tuesday. Stock investors purchased 6,116 put options on the company. This represents an increase of 981% compared to the average volume of 566 put options.

In other news, EVP Ronald R. Reagan sold 172 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $290.00, for a total value of $49,880.00. Following the sale, the executive vice president now directly owns 8,366 shares in the company, valued at $2,426,140. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO James L. Robo sold 41,466 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $276.59, for a total value of $11,469,080.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,331 shares of company stock worth $14,782,720. Company insiders own 0.40% of the company's stock.

Hedge funds have recently modified their holdings of the stock. Redpoint Investment Management Pty Ltd raised its stake in NextEra Energy by 7.0% in the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 39,431 shares of the utilities provider's stock worth $9,470,000 after acquiring an additional 2,567 shares during the last quarter. Rafferty Asset Management LLC increased its stake in NextEra Energy by 73.5% during the 1st quarter. Rafferty Asset Management LLC now owns 8,323 shares of the utilities provider's stock worth $2,003,000 after buying an additional 3,525 shares during the period. Acorn Financial Advisory Services Inc. ADV increased its stake in NextEra Energy by 14.1% during the 2nd quarter. Acorn Financial Advisory Services Inc. ADV now owns 1,373 shares of the utilities provider's stock worth $330,000 after buying an additional 170 shares during the period. Moody Lynn & Lieberson LLC increased its stake in NextEra Energy by 3.2% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 3,602 shares of the utilities provider's stock worth $865,000 after buying an additional 110 shares during the period. Finally, American International Group Inc. grew its holdings in NextEra Energy by 0.9% during the 2nd quarter. American International Group Inc. now owns 161,569 shares of the utilities provider's stock worth $38,804,000 after acquiring an additional 1,428 shares in the last quarter. Institutional investors own 75.97% of the company's stock.

NYSE NEE traded down $12.70 during midday trading on Wednesday, hitting $283.00. 77,153 shares of the company traded hands, compared to its average volume of 2,491,151. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.61 and a quick ratio of 0.50. The company has a market cap of $144.79 billion, a PE ratio of 40.79, a price-to-earnings-growth ratio of 3.82 and a beta of 0.20. The company's 50-day simple moving average is $280.97 and its 200-day simple moving average is $252.24. NextEra Energy has a 52 week low of $174.80 and a 52 week high of $299.30.

Shares of NextEra Energy are set to split on Tuesday, October 27th. The 4-1 split was announced on Monday, September 14th. The newly minted shares will be payable to shareholders after the market closes on Monday, October 26th.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, July 24th. The utilities provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.50 by $0.11. NextEra Energy had a return on equity of 10.55% and a net margin of 18.71%. The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same quarter in the prior year, the business posted $2.35 EPS. The business's revenue for the quarter was down 15.4% compared to the same quarter last year. On average, research analysts predict that NextEra Energy will post 9.13 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 28th were paid a $1.40 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $5.60 dividend on an annualized basis and a yield of 1.98%. NextEra Energy's dividend payout ratio (DPR) is 66.91%.

NEE has been the topic of several recent analyst reports. Atlantic Securities initiated coverage on NextEra Energy in a report on Friday, September 4th. They issued an "overweight" rating and a $330.00 price target on the stock. Wells Fargo & Company upgraded NextEra Energy from an "equal weight" rating to an "overweight" rating in a report on Tuesday. UBS Group dropped their price objective on NextEra Energy from $296.00 to $290.00 and set a "buy" rating on the stock in a research note on Monday, June 22nd. BMO Capital Markets increased their price objective on NextEra Energy from $286.00 to $293.00 in a research note on Tuesday. Finally, Argus increased their price objective on NextEra Energy from $295.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, August 12th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. NextEra Energy currently has a consensus rating of "Buy" and an average target price of $270.63.

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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