NextEra Energy Inc (NYSE:NEE) insider Manoochehr K. Nazar sold 13,890 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $155.64, for a total value of $2,161,839.60. Following the completion of the sale, the insider now directly owns 142,429 shares of the company’s stock, valued at approximately $22,167,649.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of NextEra Energy Inc (NEE) opened at $151.68 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 1.07. NextEra Energy Inc has a twelve month low of $127.09 and a twelve month high of $159.64. The company has a market capitalization of $72,808.29, a PE ratio of 23.05, a P/E/G ratio of 2.54 and a beta of 0.28.
NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 26th. The utilities provider reported $1.25 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period last year, the firm earned $1.21 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. analysts expect that NextEra Energy Inc will post 7.73 EPS for the current fiscal year.
Several brokerages have weighed in on NEE. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Morgan Stanley lowered their price target on NextEra Energy from $172.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, February 13th. Argus reissued a “buy” rating and issued a $173.00 price target on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. UBS Group began coverage on NextEra Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $177.00 price target for the company. Finally, Guggenheim reissued a “buy” rating and issued a $182.00 price target on shares of NextEra Energy in a report on Friday, January 26th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. NextEra Energy presently has an average rating of “Buy” and a consensus price target of $161.56.
Several institutional investors have recently added to or reduced their stakes in NEE. Taylor Hoffman Wealth Management purchased a new position in NextEra Energy during the fourth quarter valued at approximately $106,000. D Orazio & Associates Inc. purchased a new position in NextEra Energy during the fourth quarter valued at approximately $113,000. Risk Paradigm Group LLC raised its position in NextEra Energy by 108.1% during the third quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 442 shares in the last quarter. Archford Capital Strategies LLC raised its position in NextEra Energy by 76.9% during the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock valued at $128,000 after acquiring an additional 4,347 shares in the last quarter. Finally, Cerebellum GP LLC purchased a new position in NextEra Energy during the fourth quarter valued at approximately $128,000. 75.50% of the stock is owned by hedge funds and other institutional investors.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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