NextEra Energy Inc (NYSE:NEE) insider Manoochehr K. Nazar sold 13,168 shares of the stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $157.79, for a total transaction of $2,077,778.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of NextEra Energy stock opened at $161.04 on Monday. NextEra Energy Inc has a fifty-two week low of $127.09 and a fifty-two week high of $161.68. The stock has a market cap of $75,816.66, a PE ratio of 14.14, a PEG ratio of 2.64 and a beta of 0.32. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.52.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the previous year, the company posted $1.21 earnings per share. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. research analysts predict that NextEra Energy Inc will post 7.73 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $1.11 dividend. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.76%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.98. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio is presently 38.98%.
A number of equities analysts have weighed in on NEE shares. Morgan Stanley increased their target price on shares of NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 target price for the company in a research report on Tuesday, December 12th. Guggenheim reiterated a “buy” rating and set a $177.00 target price on shares of NextEra Energy in a research report on Wednesday, January 3rd. Argus reiterated a “buy” rating and set a $173.00 target price on shares of NextEra Energy in a research report on Tuesday, December 5th. They noted that the move was a valuation call. Finally, Credit Suisse Group started coverage on shares of NextEra Energy in a research report on Thursday, December 7th. They set an “outperform” rating and a $173.00 target price for the company. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. NextEra Energy currently has a consensus rating of “Buy” and an average target price of $161.75.
Institutional investors have recently made changes to their positions in the company. Taylor Hoffman Wealth Management purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $106,000. D Orazio & Associates Inc. purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $113,000. Risk Paradigm Group LLC raised its stake in NextEra Energy by 108.1% in the third quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 442 shares in the last quarter. Archford Capital Strategies LLC raised its stake in NextEra Energy by 76.9% in the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 4,347 shares in the last quarter. Finally, Cerebellum GP LLC purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $128,000. 76.50% of the stock is currently owned by hedge funds and other institutional investors.
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About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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