Ronald R. Reagan Sells 9,307 Shares of NextEra Energy, Inc. (NYSE:NEE) Stock

NextEra Energy, Inc. (NYSE:NEEGet Rating) EVP Ronald R. Reagan sold 9,307 shares of the firm’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $88.79, for a total value of $826,368.53. Following the transaction, the executive vice president now owns 18,176 shares in the company, valued at approximately $1,613,847.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

NextEra Energy Trading Down 1.4 %

NYSE NEE opened at $84.79 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.53 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a twelve month low of $67.22 and a twelve month high of $93.73. The company has a market cap of $166.59 billion, a price-to-earnings ratio of 65.66, a price-to-earnings-growth ratio of 3.19 and a beta of 0.46. The business’s fifty day moving average is $85.69 and its 200 day moving average is $80.56.

NextEra Energy (NYSE:NEEGet Rating) last released its quarterly earnings data on Friday, July 22nd. The utilities provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.08. NextEra Energy had a return on equity of 11.97% and a net margin of 14.75%. The company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter last year, the business posted $0.71 EPS. NextEra Energy’s revenue for the quarter was up 32.0% on a year-over-year basis. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 2.89 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, August 30th were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.00%. The ex-dividend date was Monday, August 29th. NextEra Energy’s payout ratio is presently 129.77%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in NextEra Energy by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 182,355,161 shares of the utilities provider’s stock worth $15,447,306,000 after buying an additional 3,505,846 shares during the period. Geode Capital Management LLC lifted its holdings in NextEra Energy by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 31,922,835 shares of the utilities provider’s stock worth $2,971,390,000 after buying an additional 796,968 shares during the period. Norges Bank bought a new position in shares of NextEra Energy in the 4th quarter worth about $2,724,059,000. Legal & General Group Plc raised its position in shares of NextEra Energy by 0.8% in the 2nd quarter. Legal & General Group Plc now owns 16,099,565 shares of the utilities provider’s stock worth $1,247,074,000 after acquiring an additional 124,572 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of NextEra Energy by 3.9% in the 1st quarter. Fisher Asset Management LLC now owns 15,664,058 shares of the utilities provider’s stock worth $1,326,902,000 after acquiring an additional 586,815 shares in the last quarter. 76.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NEE. Seaport Res Ptn downgraded NextEra Energy from a “buy” rating to a “neutral” rating in a report on Tuesday, July 26th. KeyCorp reduced their target price on NextEra Energy from $89.00 to $88.00 and set an “overweight” rating on the stock in a report on Tuesday, July 19th. Wells Fargo & Company raised their target price on NextEra Energy from $107.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, August 9th. Guggenheim raised their target price on NextEra Energy from $91.00 to $108.00 and gave the company a “buy” rating in a report on Monday, September 12th. Finally, Credit Suisse Group raised their target price on NextEra Energy from $79.00 to $98.00 in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $97.40.

NextEra Energy Company Profile

(Get Rating)

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, coal, and natural gas facilities. 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.

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Insider Buying and Selling by Quarter for NextEra Energy (NYSE:NEE)

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