Rep. Marjorie Taylor Greene Buys NextEra Energy, Inc. (NYSE:NEE) Shares

Posted by Jeff Wilder on Nov 12th, 2024

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of NextEra Energy, Inc. (NYSE:NEE). In a filing disclosed on November 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in NextEra Energy stock on November 7th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 11/7/2024.
Purchased $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 11/7/2024.
Purchased $1,001 – $15,000 in shares of Dell Technologies (NYSE:DELL) on 11/7/2024.
Purchased $1,001 – $15,000 in shares of Southern (NYSE:SO) on 11/7/2024.
Purchased $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 11/7/2024.
Purchased $1,001 – $15,000 in shares of Tractor Supply (NASDAQ:TSCO) on 11/7/2024.
Purchased $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 11/7/2024.
Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 11/7/2024.
Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 11/7/2024.
Purchased $1,001 – $15,000 in shares of Palo Alto Networks (NASDAQ:PANW) on 11/7/2024.

NextEra Energy Price Performance

NEE stock opened at $75.91 on Tuesday. The stock has a market capitalization of $156.10 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 2.78 and a beta of 0.57. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 52-week low of $53.81 and a 52-week high of $86.10. The stock’s fifty day simple moving average is $81.95 and its 200-day simple moving average is $77.33.

NextEra Energy (NYSE:NEE – Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period last year, the company earned $0.94 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.71%. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NEE shares. Scotiabank lifted their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Guggenheim lifted their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company boosted their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and an average price target of $86.54.

Get Our Latest Report on NEE

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NEE. M&G Plc purchased a new position in shares of NextEra Energy during the 1st quarter valued at approximately $303,065,000. International Assets Investment Management LLC raised its holdings in NextEra Energy by 8,641.5% in the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock valued at $326,388,000 after acquiring an additional 3,817,037 shares in the last quarter. Zimmer Partners LP raised its holdings in NextEra Energy by 8,447.5% in the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock valued at $174,807,000 after acquiring an additional 2,703,200 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in NextEra Energy by 4,058.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock valued at $200,065,000 after acquiring an additional 2,309,876 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in NextEra Energy by 57.0% during the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after acquiring an additional 2,163,437 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

NextEra Energy Company Profile

(Get Free Report)

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,natural gas, and other clean energy. 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.