There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on February 24,
In trading on Monday, bargain hunters could buy shares of NextEra Energy Inc (NYSE: NEE) and achieve a cost basis 3.7% cheaper than Lane, with shares changing hands as low as $102.39 per share. It should be noted that Lane has collected $0.77/share in dividends since the time of their purchase, so they are currently down 3.0% on their purchase from a total return basis. NextEra Energy Inc shares are currently trading off about 1% on the day. The chart below shows the one year performance of NEE shares, versus its 200 day moving average:
Looking at the chart above, NEE's low point in its 52 week range is $89.81 per share, with $112.64 as the 52 week high point — that compares with a last trade of $102.54. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
Purchased | Insider | Title | Shares | Price/Share | Value |
---|---|---|---|---|---|
02/24/2015 | Amy B. Lane | Director | 940 | $106.36 | $99,977.37 |
The current annualized dividend paid by NextEra Energy Inc is $3.08/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/25/2015. Below is a long-term dividend history chart for NEE, which can be of good help in judging whether the most recent dividend with approx. 3.0% annualized yield is likely to continue.
NEE makes up 8.25% of the Uranium+Nuclear Energy ETF (AMEX: NLR)
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