Insider Selling: NextEra Energy, Inc. (NYSE:NEE) EVP Sells $1,657,880.00 in Stock

NextEra Energy, Inc. (NYSE:NEE) EVP Charles E. Sieving sold 23,684 shares of the business’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the sale, the executive vice president now owns 196,817 shares of the company’s stock, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NextEra Energy Price Performance

NextEra Energy stock opened at $72.23 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The stock has a market capitalization of $148.69 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The stock has a fifty day moving average of $68.74 and a 200-day moving average of $71.40.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same quarter in the previous year, the firm earned $0.91 EPS. NextEra Energy’s revenue was up 9.0% on a year-over-year basis. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.14%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is 84.64%.

Hedge Funds Weigh In On NextEra Energy

A number of institutional investors have recently modified their holdings of NEE. Empowered Funds LLC increased its holdings in NextEra Energy by 14.7% in the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock worth $3,267,000 after purchasing an additional 5,831 shares in the last quarter. Empower Advisory Group LLC increased its holdings in NextEra Energy by 2.3% in the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock worth $130,714,000 after purchasing an additional 41,328 shares in the last quarter. Czech National Bank increased its holdings in NextEra Energy by 6.5% in the 4th quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock worth $31,964,000 after purchasing an additional 27,340 shares in the last quarter. True North Advisors LLC acquired a new position in NextEra Energy in the 4th quarter worth about $3,015,000. Finally, HB Wealth Management LLC increased its holdings in NextEra Energy by 3.1% in the 4th quarter. HB Wealth Management LLC now owns 170,426 shares of the utilities provider’s stock worth $12,218,000 after purchasing an additional 5,174 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NEE. Guggenheim reaffirmed a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Barclays dropped their price objective on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, April 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Erste Group Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company dropped their price objective on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $83.46.

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.