NextEra Energy, Inc. (NYSE:NEE) CAO James Michael May Sells 2,383 Shares of Stock

NextEra Energy, Inc. (NYSE:NEE) CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the sale, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $70.12 on Friday. The firm has a market cap of $144.23 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 2.41 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The business has a 50-day simple moving average of $70.56 and a two-hundred day simple moving average of $76.59.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.23%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. NextEra Energy’s dividend payout ratio is currently 61.13%.

Institutional Trading of NextEra Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Howard Capital Management Group LLC raised its position in NextEra Energy by 1.8% in the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after purchasing an additional 5,409 shares during the period. Foundations Investment Advisors LLC raised its holdings in shares of NextEra Energy by 1.9% in the third quarter. Foundations Investment Advisors LLC now owns 7,317 shares of the utilities provider’s stock worth $619,000 after buying an additional 138 shares during the period. Calton & Associates Inc. bought a new stake in shares of NextEra Energy during the 3rd quarter worth approximately $399,000. Pictet North America Advisors SA boosted its holdings in NextEra Energy by 8.9% during the 3rd quarter. Pictet North America Advisors SA now owns 11,250 shares of the utilities provider’s stock valued at $951,000 after acquiring an additional 923 shares during the period. Finally, Private Advisor Group LLC grew its position in NextEra Energy by 1.9% in the 3rd quarter. Private Advisor Group LLC now owns 228,202 shares of the utilities provider’s stock valued at $19,290,000 after acquiring an additional 4,220 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. JPMorgan Chase & Co. cut their price objective on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Guggenheim increased their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Scotiabank increased their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley boosted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Company Profile

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.