NextEra Energy Inc (NEE) Insider Manoochehr K. Nazar Sells 23,674 Shares of Stock
NextEra Energy Inc (NYSE:NEE) insider Manoochehr K. Nazar sold 23,674 shares of NextEra Energy stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $130.86, for a total transaction of $3,097,979.64. Following the completion of the sale, the insider now owns 114,721 shares of the company’s stock, valued at approximately $15,012,390.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of NextEra Energy Inc (NYSE:NEE) traded down 0.35% during trading on Monday, hitting $129.77. 627,434 shares of the company were exchanged. NextEra Energy Inc has a 12 month low of $110.49 and a 12 month high of $132.62. The company’s 50-day moving average price is $127.55 and its 200 day moving average price is $122.26. The stock has a market cap of $60.68 billion, a P/E ratio of 20.76 and a beta of 0.23.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 27th. The company reported $1.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.31 by $0.10. The company had revenue of $3.70 billion for the quarter. NextEra Energy had a return on equity of 11.74% and a net margin of 17.92%. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.17 earnings per share. On average, equities analysts predict that NextEra Energy Inc will post $6.63 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th were paid a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Friday, February 24th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.87. NextEra Energy’s dividend payout ratio (DPR) is currently 56.04%.
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Institutional investors have recently modified their holdings of the stock. Dodge & Cox acquired a new position in shares of NextEra Energy during the fourth quarter worth approximately $1,164,000. Israel Discount Bank of New York GFN acquired a new position in shares of NextEra Energy during the fourth quarter worth approximately $236,000. Norges Bank acquired a new position in shares of NextEra Energy during the fourth quarter worth approximately $678,763,000. Assenagon Asset Management S.A. acquired a new position in shares of NextEra Energy during the fourth quarter worth approximately $305,000. Finally, Almanack Investment Partners LLC. acquired a new position in shares of NextEra Energy during the fourth quarter worth approximately $215,000. 73.69% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently weighed in on NEE shares. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a report on Tuesday, November 22nd. Royal Bank of Canada reiterated a “buy” rating and issued a $142.00 target price on shares of NextEra Energy in a report on Wednesday, January 4th. Deutsche Bank AG upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Monday, January 30th. Barclays PLC restated a “buy” rating and issued a $139.00 price target on shares of NextEra Energy in a research note on Sunday, February 19th. Finally, Mizuho boosted their price target on shares of NextEra Energy from $138.00 to $141.00 and gave the stock a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. NextEra Energy presently has an average rating of “Buy” and an average price target of $134.27.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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