Insider Selling: NextEra Energy (NYSE:NEE) EVP Sells 11,336 Shares of Stock

NextEra Energy, Inc. (NYSE:NEE) EVP Charles Sieving sold 11,336 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $82.13 on Tuesday. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $169.13 billion, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 2.76 and a beta of 0.66. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.00. The company has a 50-day simple moving average of $73.20 and a two-hundred day simple moving average of $71.36.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same period last year, the firm earned $0.96 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio is presently 79.37%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. HSBC reduced their target price on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, July 11th. BMO Capital Markets increased their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Morgan Stanley restated an “overweight” rating and issued a $95.00 target price (down from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Barclays increased their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Finally, Evercore ISI set a $92.00 price objective on shares of NextEra Energy and gave the company an “outperform” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $85.08.

Institutional Investors Weigh In On NextEra Energy

A number of institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC lifted its position in shares of NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC lifted its holdings in NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after buying an additional 298 shares during the period. Procyon Advisors LLC lifted its holdings in NextEra Energy by 6.3% in the first quarter. Procyon Advisors LLC now owns 13,409 shares of the utilities provider’s stock valued at $951,000 after buying an additional 792 shares during the period. Congress Asset Management Co. boosted its position in NextEra Energy by 1.7% during the first quarter. Congress Asset Management Co. now owns 206,481 shares of the utilities provider’s stock valued at $14,637,000 after acquiring an additional 3,527 shares during the last quarter. Finally, Eagle Wealth Strategies LLC raised its position in shares of NextEra Energy by 1.6% in the 1st quarter. Eagle Wealth Strategies LLC now owns 11,005 shares of the utilities provider’s stock worth $780,000 after acquiring an additional 174 shares in the last quarter. 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.