NextEra Energy Inc (NYSE:NEE) EVP Charles E. Sieving sold 2,844 shares of NextEra Energy stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $154.67, for a total transaction of $439,881.48. Following the transaction, the executive vice president now directly owns 48,966 shares of the company’s stock, valued at $7,573,571.22. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of NextEra Energy Inc (NYSE:NEE) opened at $153.81 on Wednesday. The company has a market cap of $72,350.00, a price-to-earnings ratio of 13.54, a P/E/G ratio of 2.58 and a beta of 0.28. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. NextEra Energy Inc has a 1-year low of $126.00 and a 1-year high of $159.64.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.06). The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.18 billion. NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. NextEra Energy’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 EPS. analysts expect that NextEra Energy Inc will post 7.68 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be issued a $1.11 dividend. This represents a $4.44 annualized dividend and a yield of 2.89%. The ex-dividend date is Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.98. NextEra Energy’s payout ratio is presently 34.60%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Beach Investment Management LLC. grew its holdings in shares of NextEra Energy by 1,572.6% during the second quarter. Beach Investment Management LLC. now owns 163,583 shares of the utilities provider’s stock worth $22,923,000 after buying an additional 153,803 shares in the last quarter. IFM Investors Pty Ltd purchased a new stake in shares of NextEra Energy during the second quarter worth $1,803,000. Aberdeen Asset Management PLC UK grew its holdings in shares of NextEra Energy by 17.2% during the second quarter. Aberdeen Asset Management PLC UK now owns 139,020 shares of the utilities provider’s stock worth $19,481,000 after buying an additional 20,435 shares in the last quarter. Pittenger & Anderson Inc. grew its holdings in shares of NextEra Energy by 1.1% during the second quarter. Pittenger & Anderson Inc. now owns 27,725 shares of the utilities provider’s stock worth $3,885,000 after buying an additional 295 shares in the last quarter. Finally, CI Investments Inc. grew its holdings in shares of NextEra Energy by 85.6% during the second quarter. CI Investments Inc. now owns 966,990 shares of the utilities provider’s stock worth $135,504,000 after buying an additional 446,100 shares in the last quarter. 75.50% of the stock is owned by institutional investors.
Several research firms have recently weighed in on NEE. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Morgan Stanley cut their target price on shares of NextEra Energy from $172.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, February 13th. Argus reaffirmed a “buy” rating and set a $173.00 target price on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. Guggenheim reaffirmed a “buy” rating and set a $182.00 target price on shares of NextEra Energy in a report on Friday, January 26th. Finally, UBS Group began coverage on shares of NextEra Energy in a report on Friday, February 2nd. They set a “buy” rating and a $177.00 target price for the company. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $161.38.
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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.
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