NextEra Energy Inc (NEE) EVP Sells $1,392,465.50 in Stock

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NextEra Energy Inc (NYSE:NEE) EVP Joseph T. Kelliher sold 8,035 shares of the company’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $173.30, for a total transaction of $1,392,465.50. Following the completion of the sale, the executive vice president now owns 36,637 shares of the company’s stock, valued at approximately $6,349,192.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

NYSE NEE traded up $0.27 on Friday, reaching $169.36. The company had a trading volume of 1,731,015 shares, compared to its average volume of 1,965,221. The firm has a market cap of $79.04 billion, a PE ratio of 25.28, a PEG ratio of 2.58 and a beta of 0.20. The company has a current ratio of 0.58, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78. NextEra Energy Inc has a 1-year low of $145.10 and a 1-year high of $175.66.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 25th. The utilities provider reported $2.11 EPS for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.05. NextEra Energy had a net margin of 49.10% and a return on equity of 10.49%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.51 billion. During the same period in the prior year, the business posted $1.86 EPS. The company’s quarterly revenue was down 7.6% on a year-over-year basis. Equities research analysts forecast that NextEra Energy Inc will post 7.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be paid a dividend of $1.11 per share. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.62%. NextEra Energy’s dividend payout ratio is 66.27%.

NEE has been the subject of a number of recent analyst reports. Wells Fargo & Co upped their price objective on shares of NextEra Energy from $191.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday. ValuEngine upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Mizuho initiated coverage on shares of NextEra Energy in a research report on Monday, August 13th. They issued a “buy” rating and a $184.00 price objective for the company. KeyCorp upped their price objective on shares of NextEra Energy from $168.00 to $178.00 and gave the company an “overweight” rating in a research report on Thursday, July 19th. Finally, Morgan Stanley lowered their price objective on shares of NextEra Energy from $186.00 to $184.00 and set a “buy” rating for the company in a research report on Friday, September 21st. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $170.64.

Several institutional investors have recently bought and sold shares of the company. Philadelphia Trust Co. boosted its stake in shares of NextEra Energy by 8.0% during the 2nd quarter. Philadelphia Trust Co. now owns 4,047 shares of the utilities provider’s stock worth $676,000 after buying an additional 300 shares during the last quarter. Monetary Management Group Inc. raised its holdings in shares of NextEra Energy by 11.4% in the 2nd quarter. Monetary Management Group Inc. now owns 2,935 shares of the utilities provider’s stock valued at $490,000 after purchasing an additional 300 shares during the period. Burns J W & Co. Inc. NY raised its holdings in shares of NextEra Energy by 18.1% in the 3rd quarter. Burns J W & Co. Inc. NY now owns 1,954 shares of the utilities provider’s stock valued at $327,000 after purchasing an additional 300 shares during the period. Exchange Capital Management Inc. raised its holdings in shares of NextEra Energy by 8.1% in the 2nd quarter. Exchange Capital Management Inc. now owns 4,247 shares of the utilities provider’s stock valued at $709,000 after purchasing an additional 319 shares during the period. Finally, Ropes Wealth Advisors LLC raised its holdings in shares of NextEra Energy by 1.1% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 31,287 shares of the utilities provider’s stock valued at $5,226,000 after purchasing an additional 332 shares during the period. Institutional investors own 76.27% of the company’s stock.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Insider Buying and Selling by Quarter for NextEra Energy (NYSE:NEE)

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