NextEra Energy Inc (NYSE:NEE) CEO Armando Pimentel, Jr. sold 5,680 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $133.11, for a total value of $756,064.80. Following the transaction, the chief executive officer now directly owns 79,586 shares in the company, valued at $10,593,692.46. The sale was disclosed in a filing with the SEC, which is available through this link.
NextEra Energy Inc (NYSE:NEE) traded up 0.26% during trading on Friday, reaching $137.29. The company had a trading volume of 1,728,715 shares. NextEra Energy Inc has a 1-year low of $110.49 and a 1-year high of $137.73. The stock has a market capitalization of $64.27 billion, a price-to-earnings ratio of 16.70 and a beta of 0.23. The firm has a 50-day moving average of $132.71 and a 200-day moving average of $125.02.
NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, April 21st. The utilities provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.24. The business had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.99 billion. NextEra Energy had a net margin of 17.92% and a return on equity of 11.74%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.55 EPS. On average, analysts anticipate that NextEra Energy Inc will post $6.68 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Tuesday, May 30th will be paid a $0.9825 dividend. The ex-dividend date of this dividend is Thursday, May 25th. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.87%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.04%.
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Several analysts have weighed in on NEE shares. BMO Capital Markets reiterated a “buy” rating and set a $135.00 price target on shares of NextEra Energy in a research note on Friday, March 31st. Mizuho boosted their price target on NextEra Energy from $138.00 to $141.00 and gave the company a “buy” rating in a research note on Monday, March 20th. Royal Bank of Canada reiterated a “buy” rating and set a $143.00 price target on shares of NextEra Energy in a research note on Tuesday, March 14th. Barclays PLC reiterated a “buy” rating and set a $139.00 price target on shares of NextEra Energy in a research note on Sunday, February 19th. Finally, Deutsche Bank AG upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research note on Monday, January 30th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. NextEra Energy presently has a consensus rating of “Buy” and an average target price of $141.30.
Several large investors have recently modified their holdings of NEE. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after buying an additional 71 shares during the period. Flow Traders U.S. LLC acquired a new stake in NextEra Energy during the third quarter valued at $129,000. James Investment Research Inc. raised its stake in NextEra Energy by 47.2% in the third quarter. James Investment Research Inc. now owns 1,073 shares of the utilities provider’s stock valued at $131,000 after buying an additional 344 shares during the period. Woodmont Investment Counsel LLC acquired a new stake in NextEra Energy during the third quarter valued at $138,000. Finally, Pacific Center for Financial Services acquired a new stake in NextEra Energy during the fourth quarter valued at $136,000. Institutional investors and hedge funds own 73.69% of the company’s stock.
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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