Insider Selling: NextEra Energy, Inc. (NYSE:NEE) EVP Sells 23,684 Shares of Stock

NextEra Energy, Inc. (NYSE:NEE) EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president now directly owns 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

NextEra Energy Stock Performance

NYSE:NEE opened at $72.12 on Wednesday. The firm’s 50-day moving average is $68.75 and its 200-day moving average is $71.39. 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 company has a market cap of $148.47 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 2.45 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The business had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same period in the previous year, the business posted $0.91 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

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

Analysts Set New Price Targets

NEE has been the topic of a number of research reports. Guggenheim reissued a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. BMO Capital Markets lowered their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Evercore ISI cut their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Finally, Erste Group Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Eight equities 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.com, the company currently has a consensus rating of “Hold” and a consensus target price of $83.46.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Sugar Maple Asset Management LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at $28,000. Bellwether Advisors LLC bought a new position in NextEra Energy in the fourth quarter valued at about $30,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy in the fourth quarter valued at about $33,000. IMA Advisory Services Inc. acquired a new stake in NextEra Energy in the first quarter worth about $35,000. Finally, Luken Investment Analytics LLC bought a new stake in NextEra Energy during the 4th quarter worth about $36,000. 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.