NextEra Energy (NYSE:NEE) EVP Sells $920,210.00 in Stock

NextEra Energy, Inc. (NYSE:NEE) EVP Ronald Reagan sold 10,826 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $85.00, for a total value of $920,210.00. Following the completion of the transaction, the executive vice president directly owned 15,643 shares of the company’s stock, valued at approximately $1,329,655. The trade was a 40.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

NextEra Energy Price Performance

Shares of NYSE:NEE traded down $0.23 during trading on Friday, reaching $84.84. The stock had a trading volume of 13,300,148 shares, compared to its average volume of 9,364,562. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $87.53. The stock has a market capitalization of $176.69 billion, a PE ratio of 27.02, a P/E/G ratio of 2.60 and a beta of 0.74. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The business’s 50-day moving average price is $82.23 and its 200 day moving average price is $78.49.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NEE. Synergy Asset Management LLC increased its position in shares of NextEra Energy by 286.0% during the third quarter. Synergy Asset Management LLC now owns 22,028 shares of the utilities provider’s stock valued at $1,594,000 after acquiring an additional 16,322 shares in the last quarter. Daymark Wealth Partners LLC increased its position in shares of NextEra Energy by 6.5% during the 2nd quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock valued at $3,125,000 after purchasing an additional 2,767 shares during the last quarter. Hunter Perkins Capital Management LLC bought a new position in NextEra Energy in the third quarter worth approximately $3,966,000. Dillon & Associates Inc. lifted its position in NextEra Energy by 8.4% during the second quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock valued at $4,709,000 after purchasing an additional 5,261 shares in the last quarter. Finally, Soltis Investment Advisors LLC raised its stake in NextEra Energy by 171.1% during the 2nd quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock worth $841,000 after acquiring an additional 7,645 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NEE shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $104.00 target price on shares of NextEra Energy in a research note on Wednesday. New Street Research set a $84.00 target price on NextEra Energy in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of NextEra Energy in a research report on Monday, December 29th. Mizuho lifted their price objective on shares of NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Finally, Wolfe Research lifted their price target on shares of NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research note on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $91.94.

About NextEra Energy

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.