Charles E. Sieving Sells 16,446 Shares of NextEra Energy Inc (NEE) Stock

NextEra Energy Inc (NYSE:NEE) EVP Charles E. Sieving sold 16,446 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.08, for a total transaction of $3,290,515.68. Following the completion of the sale, the executive vice president now owns 67,900 shares in the company, valued at $13,585,432. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NEE traded down $0.45 on Tuesday, hitting $198.90. 997,599 shares of the stock traded hands, compared to its average volume of 2,050,912. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.38 and a current ratio of 0.46. The company has a market capitalization of $95.48 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 3.02 and a beta of 0.28. NextEra Energy Inc has a 1 year low of $155.06 and a 1 year high of $200.99.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.19. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. NextEra Energy had a net margin of 17.13% and a return on equity of 10.26%. During the same quarter in the prior year, the firm posted $1.94 earnings per share. Equities analysts expect that NextEra Energy Inc will post 8.41 EPS for the current fiscal year.

NEE has been the topic of several research reports. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Morgan Stanley increased their price target on shares of NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a research report on Tuesday, February 12th. Goldman Sachs Group lowered shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price target on the stock. in a research report on Monday, April 8th. Credit Suisse Group set a $199.00 price target on shares of NextEra Energy and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, Barclays upgraded shares of NextEra Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $187.00 to $207.00 in a research report on Wednesday, March 20th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $196.83.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ellis Investment Partners LLC purchased a new position in shares of NextEra Energy in the 1st quarter valued at $32,000. Acima Private Wealth LLC acquired a new stake in NextEra Energy during the 4th quarter valued at $39,000. Massey Quick Simon & CO. LLC acquired a new stake in NextEra Energy during the 1st quarter valued at $39,000. RPG Investment Advisory LLC acquired a new stake in NextEra Energy during the 1st quarter valued at $42,000. Finally, Altshuler Shaham Ltd grew its holdings in 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 in the last quarter. 77.00% of the stock is currently owned by institutional investors and hedge funds.

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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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