Is It Time To Review Stock News? NextEra Energy (NYSE:NEE)

NextEra Energy (NYSE:NEE) stock identified change of 33.83% away from 52-week low price and recently located move of -2.72% off 52-week high price. It has market worth of $106291.32M and dividend yield of 2.27%. NEE stock has been recorded 3.28% away from 50 day moving average and 13.55% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.21% off 20-day moving average.

On Sept. 05, 2019, NextEra Energy (NYSE:NEE) declared that it has agreed to sell $1.5 billion of equity units to Barclays, Goldman Sachs & Co. LLC, and Credit Suisse. The transaction is expected to close on Sept. 9, 2019.

Each equity unit will be issued in a stated amount of $50. Each equity unit will consist of a contract to purchase NextEra Energy common stock in the future and a 5% undivided beneficial ownership interest in a NextEra Energy Capital Holdings debenture due Sept. 1, 2024, to be issued in the principal amount of $1,000. The debentures will be guaranteed by NextEra Energy Capital Holdings’ parent company, NextEra Energy Total annual distributions on the equity units will be at the rate of 4.872%, consisting of interest on the debentures and payments under the stock purchase contracts.

Each stock purchase contract will require the holder to purchase NextEra Energy common stock for cash, based on a per-share price range of $224.12 to $280.15. The higher end of this price range reflects a premium of 25% over the New York Stock Exchange closing price of NextEra Energy common stock on Sept. 4, 2019, which was $224.12. The holders must complete the stock purchase by no later than Sept. 1, 2022, and their purchase obligations may be satisfied with proceeds raised from remarketing the debentures that comprise part of their equity units.

The net proceeds from the sale of the equity units, which are expected to be $1.45 billion (after deducting the underwriting discount and other offering expenses), will be added to the general funds of NextEra Energy Capital Holdings. NextEra Energy Capital Holdings expects to use its general funds to fund investments in energy and power projects and for other general corporate purposes, including the repayment of all or a portion of NextEra Energy Capital Holdings’ outstanding commercial paper obligations.

 The Utilities sector company, NextEra Energy noticed change of -1.92% to $219.81 along volume of 4214264 shares in recent session compared to an average volume of 1800.63K. The stock observed return of -0.62% in 5 days trading activity. The stock was at 3.98% over one month performance. NEE’s shares are at 6.83% for the quarter and driving a 29.28% return over the course of the past year and is now at 26.46% since this point in 2018. 

 The average volatility for the week at 1.74% and for month was at 1.48%. There are 483.56M shares outstanding and 478.39M shares are floated in market. Right now the stock beta is 0.18. 

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