NextEra Energy (NYSE:NEE) EVP Nicole Daggs Sells 4,934 Shares

NextEra Energy, Inc. (NYSE:NEE) EVP Nicole Daggs sold 4,934 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $93.00, for a total value of $458,862.00. Following the sale, the executive vice president owned 16,905 shares of the company’s stock, valued at approximately $1,572,165. This represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

NextEra Energy Stock Performance

Shares of NYSE NEE traded up $0.09 during trading hours on Monday, reaching $92.87. 7,910,644 shares of the stock were exchanged, compared to its average volume of 9,916,867. The firm has a market capitalization of $193.49 billion, a price-to-earnings ratio of 28.23 and a beta of 0.75. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $95.91. The stock’s fifty day simple moving average is $88.42 and its 200 day simple moving average is $82.95.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $6.50 billion during 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 firm’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a $0.6232 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, February 27th. This represents a $2.49 annualized dividend and a yield of 2.7%. NextEra Energy’s dividend payout ratio is presently 75.68%.

Hedge Funds Weigh In On NextEra Energy

Several hedge funds and other institutional investors have recently made changes to their positions in NEE. Tripletail Wealth Management LLC acquired a new position in NextEra Energy during the third quarter valued at approximately $25,000. Anfield Capital Management LLC boosted its holdings in shares of NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 270 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at $25,000. Wealth Watch Advisors INC increased its stake in shares of NextEra Energy by 223.8% in the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 226 shares during the last quarter. Finally, Osbon Capital Management LLC bought a new position in shares of NextEra Energy in the 4th quarter valued at $27,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on NEE. BTIG Research restated a “buy” rating and set a $103.00 target price on shares of NextEra Energy in a research report on Wednesday, January 28th. UBS Group lifted their price target on shares of NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Erste Group Bank raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, December 11th. Finally, Jefferies Financial Group set a $87.00 price objective on NextEra Energy in a report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $94.16.

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.