NextEra Energy, Inc. (NYSE:NEE) EVP Nicole J. Daggs Sells 4,007 Shares

NextEra Energy, Inc. (NYSE:NEE) EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

NextEra Energy Trading Down 0.0 %

Shares of NextEra Energy stock opened at $74.24 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The firm has a fifty day moving average price of $81.84 and a 200 day moving average price of $77.39. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The stock has a market cap of $152.67 billion, a PE ratio of 21.96, 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 analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. NextEra Energy’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 earnings per share. Equities research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.77%. NextEra Energy’s dividend payout ratio is presently 60.95%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NEE shares. Morgan Stanley boosted their target price on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. BMO Capital Markets upped their target price on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Wells Fargo & Company increased their price objective on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Scotiabank boosted their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $86.54.

Institutional Investors Weigh In On NextEra Energy

Several hedge funds have recently modified their holdings of NEE. Hantz Financial Services Inc. grew its position in shares of NextEra Energy by 1.0% during the third quarter. Hantz Financial Services Inc. now owns 30,417 shares of the utilities provider’s stock worth $2,571,000 after buying an additional 296 shares in the last quarter. Vinva Investment Management Ltd raised its position in NextEra Energy by 15.7% in the third quarter. Vinva Investment Management Ltd now owns 50,992 shares of the utilities provider’s stock worth $4,311,000 after acquiring an additional 6,938 shares in the last quarter. Financial Counselors Inc. raised its holdings in NextEra Energy by 10.6% during the 3rd quarter. Financial Counselors Inc. now owns 124,525 shares of the utilities provider’s stock worth $10,526,000 after buying an additional 11,945 shares during the period. Noesis Capital Mangement Corp grew its stake in NextEra Energy by 0.4% during the 3rd quarter. Noesis Capital Mangement Corp now owns 154,352 shares of the utilities provider’s stock valued at $13,047,000 after acquiring an additional 606 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its stake in shares of NextEra Energy by 2.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 358,640 shares of the utilities provider’s stock valued at $30,316,000 after buying an additional 10,200 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

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,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.