NextEra Energy Inc (NEE) Insider Sells $2,077,778.72 in Stock

NextEra Energy Inc (NYSE:NEE) insider Manoochehr K. Nazar sold 13,168 shares of NextEra Energy stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $157.79, for a total value of $2,077,778.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NextEra Energy Inc (NYSE NEE) traded up $2.90 during midday trading on Friday, reaching $161.04. The company’s stock had a trading volume of 7,927,157 shares, compared to its average volume of 2,354,078. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.52 and a current ratio of 0.64. The firm has a market capitalization of $75,040.00, a P/E ratio of 22.00, a PEG ratio of 2.59 and a beta of 0.32. NextEra Energy Inc has a fifty-two week low of $127.09 and a fifty-two week high of $161.68.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the business posted $1.21 EPS. NextEra Energy’s revenue was up 8.4% compared to the same quarter last year. analysts expect that NextEra Energy Inc will post 7.73 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, February 27th were issued a dividend of $1.11 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Monday, February 26th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.76%. NextEra Energy’s payout ratio is 60.66%.

Institutional investors have recently added to or reduced their stakes in the stock. Achmea Investment Management B.V. lifted its holdings in shares of NextEra Energy by 61.5% during the third quarter. Achmea Investment Management B.V. now owns 52,613 shares of the utilities provider’s stock worth $7,708,000 after purchasing an additional 20,028 shares during the period. AXA lifted its holdings in NextEra Energy by 5.2% in the third quarter. AXA now owns 383,033 shares of the utilities provider’s stock valued at $56,133,000 after acquiring an additional 19,060 shares during the period. Colony Group LLC lifted its holdings in NextEra Energy by 806.4% in the second quarter. Colony Group LLC now owns 15,517 shares of the utilities provider’s stock valued at $2,174,000 after acquiring an additional 13,805 shares during the period. South Dakota Investment Council acquired a new position in NextEra Energy in the third quarter valued at approximately $2,535,000. Finally, Cookson Peirce & Co. Inc. acquired a new position in NextEra Energy in the second quarter valued at approximately $9,809,000. 76.50% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on NEE shares. Morgan Stanley cut their target price on NextEra Energy from $170.00 to $168.00 and set an “overweight” rating on the stock in a research note on Thursday, March 8th. Credit Suisse Group started coverage on NextEra Energy in a research note on Thursday, December 7th. They issued an “outperform” rating and a $173.00 target price on the stock. Zacks Investment Research upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, January 18th. Guggenheim reissued a “buy” rating and issued a $177.00 price target on shares of NextEra Energy in a report on Wednesday, January 3rd. Finally, UBS started coverage on NextEra Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $177.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $161.75.

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NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

Insider Buying and Selling by Quarter for NextEra Energy (NYSE:NEE)

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