NextEra Energy (NYSE:NEE) CEO Armando Pimentel, Jr. Sells 145,140 Shares

NextEra Energy, Inc. (NYSE:NEE) CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at $13,651,569.63. The trade was a 47.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

NextEra Energy Stock Down 1.2%

NEE stock opened at $84.74 on Wednesday. The company has a market cap of $176.48 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 2.76 and a beta of 0.69. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. The business’s 50-day moving average is $80.11 and its two-hundred day moving average is $74.96. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The firm had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be given a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is presently 71.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NEE shares. Argus set a $90.00 price objective on shares of NextEra Energy in a research report on Wednesday, October 29th. Mizuho boosted their price target on NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, October 27th. New Street Research set a $84.00 price target on NextEra Energy in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NextEra Energy in a research note on Monday. Finally, Melius started coverage on NextEra Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $77.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $90.53.

Hedge Funds Weigh In On NextEra Energy

A number of hedge funds have recently made changes to their positions in NEE. Tripletail Wealth Management LLC purchased a new stake in NextEra Energy during the 3rd quarter valued at approximately $25,000. Activest Wealth Management boosted its position in shares of NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 157 shares during the last quarter. Harbor Asset Planning Inc. bought a new position in shares of NextEra Energy during the second quarter worth $25,000. Goodman Advisory Group LLC purchased a new position in NextEra Energy during the second quarter valued at $25,000. Finally, 1 North Wealth Services LLC bought a new stake in NextEra Energy in the 1st quarter valued at $26,000. Institutional investors own 78.72% of the company’s stock.

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.