NextEra Energy (NYSE:NEE) EVP Ronald Reagan Sells 18,620 Shares

NextEra Energy, Inc. (NYSE:NEEGet Free Report) EVP Ronald Reagan sold 18,620 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $1,675,800.00. Following the sale, the executive vice president owned 9,643 shares in the company, valued at approximately $867,870. The trade was a 65.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

NextEra Energy Trading Down 0.9%

Shares of NYSE:NEE opened at $89.17 on Friday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $90.69. The stock has a market cap of $185.71 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 2.78 and a beta of 0.76. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The business has a 50-day moving average price of $82.81 and a 200-day moving average price of $79.40.

NextEra Energy (NYSE:NEEGet Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the prior year, the company earned $0.53 EPS. NextEra Energy’s quarterly revenue was up 20.7% on a year-over-year basis. Equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy News Summary

Here are the key news stories impacting NextEra Energy this week:

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NEE. Barclays lifted their price objective on NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. The Goldman Sachs Group lifted their price target on NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. BTIG Research reaffirmed a “buy” rating and set a $103.00 price objective on shares of NextEra Energy in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of NextEra Energy in a report on Monday, December 29th. Finally, Wolfe Research increased their price target on shares of NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.95.

View Our Latest Analysis on NextEra Energy

Hedge Funds Weigh In On NextEra Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Activest Wealth Management increased its position in shares of NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares in the last quarter. Harbor Asset Planning Inc. acquired a new stake in NextEra Energy during the 2nd quarter worth $25,000. Goodman Advisory Group LLC purchased a new stake in shares of NextEra Energy during the second quarter worth $25,000. Tripletail Wealth Management LLC purchased a new stake in shares of NextEra Energy during the third quarter worth $25,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $25,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Company Profile

(Get Free Report)

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.

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