Insider Selling: NextEra Energy, Inc. (NYSE:NEE) EVP Sells $302,808.99 in Stock

NextEra Energy, Inc. (NYSE:NEE) EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NextEra Energy Trading Up 1.4 %

NextEra Energy stock opened at $76.33 on Friday. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The business’s fifty day simple moving average is $81.60 and its two-hundred day simple moving average is $77.35. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $156.97 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 2.68 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the previous year, the business earned $0.94 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s payout ratio is 60.95%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company boosted their target price on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Barclays boosted their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Morgan Stanley lifted their price target on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Finally, Jefferies Financial Group began coverage on NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price target on the stock. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $86.54.

Institutional Trading of NextEra Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Avantax Advisory Services Inc. boosted its stake in NextEra Energy by 11.4% during the first quarter. Avantax Advisory Services Inc. now owns 70,299 shares of the utilities provider’s stock valued at $4,493,000 after buying an additional 7,174 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of NextEra Energy by 2.2% in the 1st quarter. Bleakley Financial Group LLC now owns 43,342 shares of the utilities provider’s stock valued at $2,770,000 after purchasing an additional 925 shares during the last quarter. Koshinski Asset Management Inc. lifted its stake in shares of NextEra Energy by 305.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 26,546 shares of the utilities provider’s stock valued at $1,697,000 after purchasing an additional 20,004 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of NextEra Energy by 65.2% in the 1st quarter. TD Asset Management Inc now owns 3,274,868 shares of the utilities provider’s stock valued at $209,297,000 after purchasing an additional 1,292,215 shares during the last quarter. Finally, Angeles Wealth Management LLC bought a new stake in shares of NextEra Energy in the 1st quarter valued at approximately $206,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Company Profile

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,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.