James L. Robo Sells 44,537 Shares of NextEra Energy Inc (NEE) Stock

NextEra Energy Inc (NYSE:NEE) Director James L. Robo sold 44,537 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $195.20, for a total transaction of $8,693,622.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

James L. Robo also recently made the following trade(s):

  • On Friday, March 15th, James L. Robo sold 111,864 shares of NextEra Energy stock. The shares were sold at an average price of $191.27, for a total transaction of $21,396,227.28.
  • On Thursday, March 7th, James L. Robo sold 15,000 shares of NextEra Energy stock. The shares were sold at an average price of $187.87, for a total transaction of $2,818,050.00.

Shares of NYSE NEE traded up $2.45 during midday trading on Thursday, hitting $197.31. 64,360 shares of the stock traded hands, compared to its average volume of 2,067,046. The company has a market cap of $93.36 billion, a price-to-earnings ratio of 25.60, a P/E/G ratio of 2.96 and a beta of 0.28. NextEra Energy Inc has a one year low of $155.06 and a one year high of $196.71. The company has a quick ratio of 0.38, a current ratio of 0.46 and a debt-to-equity ratio of 0.79.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $2.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.19. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.11 billion. NextEra Energy had a return on equity of 10.26% and a net margin of 17.13%. During the same quarter in the previous year, the company posted $1.94 earnings per share. On average, equities research analysts anticipate that NextEra Energy Inc will post 8.41 earnings per share for the current year.

A number of brokerages have weighed in on NEE. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $213.00 target price for the company in a report on Thursday, April 25th. Goldman Sachs Group downgraded NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 target price for the company. in a report on Monday, April 8th. Credit Suisse Group set a $199.00 target price on NextEra Energy and gave the stock a “buy” rating in a report on Monday, April 22nd. Wells Fargo & Co lifted their target price on NextEra Energy from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Scotiabank upgraded NextEra Energy from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $187.00 to $202.00 in a report on Wednesday, May 8th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $196.83.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ellis Investment Partners LLC bought a new position in NextEra Energy in the 1st quarter worth about $32,000. Acima Private Wealth LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at about $39,000. Massey Quick Simon & CO. LLC bought a new position in shares of NextEra Energy during the 1st quarter valued at about $39,000. RPG Investment Advisory LLC bought a new position in shares of NextEra Energy during the 1st quarter valued at about $42,000. Finally, Altshuler Shaham Ltd increased its position in shares of NextEra Energy by 50.0% during the 1st quarter. Altshuler Shaham Ltd now owns 228 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 77.00% of the company’s stock.

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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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