NextEra Energy (NYSE:NEE) to Sell Stake in Hydroelectric Plants to Brookfield Renewable Energy – NEE, EXC, SO, EE

NextEra Energy, Inc (NYSE:NEE) has decided to sell its stake in Maine hydroelectric facilities and storage reservoirs to Brookfield Renewable Engy (PINK:BRPFF).

The Juno Beach, Florida based company reported that the pact worth at $760 million comprising almost $700 million in debt.

The deal consists of 19 hydroelectric plants and 8 storage reservoir dams, with a full capacity of 351 megawatts, with anticipated medina yearly generation of almost 1.6 million megawatt hours.

The production from the plants, comprising the two biggest hydroelectric facilities in Maine, is sold into the New England wholesale power market.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Exelon Corporation (NYSE:EXC) fell -0.23% to settle at $29.88, The Southern Company (NYSE:SO) moved down -0.44% to end at $43.32 while El Paso Electric Company (NYSE:EE) jumped +0.81% to finish at $32.37 on Friday.

NextEra Energy, Inc. (NYSE:NEE) last session’s volume of 3.20 million shares was higher than its average volume of 1.63 million shares. The stock after opening at $70.09 hit high price of $70.47 and then closed at $69.96 by scoring -0.89%.

NEE generated revenue of $14.75 billion in the previous twelve months and earned $2.15 billion. The Company showed a positive 14.58% in the net profit margin as well as in its operating margin which remained at 25.36%. Company’s annual sales growth for the past five years was -0.47%.

The NEE’s past twelve months’ price to sales ratio was 2.01 and price to cash ratio remained 120.36. As far as the returns are concerned, NEE’s return on equity was recorded as 13.97% and return on investment increased 4.16% while its return on asset stayed at 3.62%.

The stock showed weekly upbeat performance of 0.71% which was maintained for the month at 4.95%. Likewise the positive performance for the quarter was recorded as 3.72% and for the year was 23.58% while the YTD performance remained at 19.24%.

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