John Ketchum Sells 99,603 Shares of NextEra Energy (NYSE:NEE) Stock

NextEra Energy, Inc. (NYSE:NEE) CEO John Ketchum sold 99,603 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the transaction, the chief executive officer owned 305,933 shares in the company, valued at approximately $27,332,054.22. This represents a 24.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $91.44 on Thursday. The firm has a 50 day moving average of $83.23 and a 200 day moving average of $79.89. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $190.43 billion, a price-to-earnings ratio of 27.79, a price-to-earnings-growth ratio of 2.81 and a beta of 0.76. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $91.96.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The business’s revenue was up 20.7% compared to the same quarter last year. During the same period last year, the business posted $0.53 EPS. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Institutional Trading of NextEra Energy

A number of institutional investors and hedge funds have recently made changes to their positions in NEE. Activest Wealth Management lifted its holdings in NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares in the last quarter. Harbor Asset Planning Inc. acquired a new position in shares of NextEra Energy during the 2nd quarter worth about $25,000. Goodman Advisory Group LLC purchased a new position in NextEra Energy in the 2nd quarter valued at about $25,000. Tripletail Wealth Management LLC acquired a new stake in NextEra Energy in the 3rd quarter worth about $25,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in NextEra Energy during the 4th quarter worth approximately $25,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $104.00 price objective on shares of NextEra Energy in a research report on Wednesday, January 21st. Weiss Ratings restated a “buy (b-)” rating on shares of NextEra Energy in a research note on Monday, December 29th. Mizuho set a $90.00 price target on NextEra Energy and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Wells Fargo & Company increased their price objective on NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Finally, TD Cowen initiated coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $98.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $92.95.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.