Armando Pimentel, Jr. Sells 4,920 Shares of NextEra Energy Inc (NEE) Stock

NextEra Energy Inc (NYSE:NEE) CEO Armando Pimentel, Jr. sold 4,920 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $170.11, for a total transaction of $836,941.20. Following the completion of the sale, the chief executive officer now directly owns 59,969 shares of the company’s stock, valued at $10,201,326.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NYSE:NEE traded up $2.07 during midday trading on Wednesday, hitting $173.53. 130,669 shares of the stock traded hands, compared to its average volume of 1,846,710. The company has a market cap of $80.37 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 2.59 and a beta of 0.13. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 0.72. NextEra Energy Inc has a one year low of $145.10 and a one year high of $176.82.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, October 23rd. The utilities provider reported $2.18 EPS for the quarter, beating the consensus estimate of $2.15 by $0.03. The firm had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.92 billion. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.85 earnings per share. As a group, research analysts forecast that NextEra Energy Inc will post 7.76 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be paid a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Thursday, November 29th. NextEra Energy’s dividend payout ratio (DPR) is 66.27%.

Several large investors have recently modified their holdings of the company. Philadelphia Trust Co. raised its stake in shares of NextEra Energy by 8.0% during the second quarter. Philadelphia Trust Co. now owns 4,047 shares of the utilities provider’s stock valued at $676,000 after acquiring an additional 300 shares during the last quarter. Monetary Management Group Inc. raised its stake in shares of NextEra Energy by 11.4% during the second quarter. Monetary Management Group Inc. now owns 2,935 shares of the utilities provider’s stock valued at $490,000 after acquiring an additional 300 shares during the last quarter. Burns J W & Co. Inc. NY raised its stake in shares of NextEra Energy by 18.1% during the third quarter. Burns J W & Co. Inc. NY now owns 1,954 shares of the utilities provider’s stock valued at $327,000 after acquiring an additional 300 shares during the last quarter. Gilman Hill Asset Management LLC increased its position in shares of NextEra Energy by 12.4% during the third quarter. Gilman Hill Asset Management LLC now owns 2,720 shares of the utilities provider’s stock valued at $456,000 after buying an additional 300 shares during the period. Finally, SignalPoint Asset Management LLC increased its position in shares of NextEra Energy by 23.0% during the third quarter. SignalPoint Asset Management LLC now owns 1,603 shares of the utilities provider’s stock valued at $268,000 after buying an additional 300 shares during the period. 75.46% of the stock is owned by hedge funds and other institutional investors.

NEE has been the subject of several recent research reports. Barclays initiated coverage on shares of NextEra Energy in a research note on Tuesday, July 10th. They issued an “equal weight” rating and a $182.00 price target for the company. KeyCorp boosted their price target on shares of NextEra Energy from $168.00 to $178.00 and gave the stock an “overweight” rating in a research note on Thursday, July 19th. Howard Weil initiated coverage on shares of NextEra Energy in a research note on Tuesday, July 24th. They issued a “sector perform” rating for the company. Scotiabank initiated coverage on shares of NextEra Energy in a research note on Tuesday, July 24th. They issued a “hold” rating and a $70.00 price target for the company. Finally, ValuEngine raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $174.62.

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About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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