James Michael May Sells 7,161 Shares of NextEra Energy (NYSE:NEE) Stock

NextEra Energy, Inc. (NYSE:NEE) Treasurer James Michael May sold 7,161 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $646,423.47. Following the sale, the treasurer directly owned 26,719 shares of the company’s stock, valued at $2,411,924.13. The trade was a 21.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded down $0.44 during trading on Tuesday, reaching $91.57. The stock had a trading volume of 7,481,843 shares, compared to its average volume of 10,098,194. The stock has a fifty day simple moving average of $87.51 and a two-hundred day simple moving average of $82.48. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $95.91. The firm has a market capitalization of $190.79 billion, a price-to-earnings ratio of 27.83 and a beta of 0.75.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. NextEra Energy’s revenue was up 20.7% compared to the same quarter last year. During the same period last year, the business posted $0.53 EPS. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a $0.6232 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, February 27th. NextEra Energy’s dividend payout ratio (DPR) is 75.68%.

Analysts Set New Price Targets

NEE has been the subject of several recent analyst reports. Morgan Stanley restated an “overweight” rating and set a $106.00 target price on shares of NextEra Energy in a research note on Friday, February 20th. Mizuho set a $90.00 price target on NextEra Energy and gave the stock a “neutral” rating in a report on Wednesday, January 28th. HSBC increased their price objective on NextEra Energy from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. BTIG Research restated a “buy” rating and issued a $103.00 price objective on shares of NextEra Energy in a research note on Wednesday, January 28th. Finally, UBS Group boosted their target price on shares of NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.16.

Institutional Trading of NextEra Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NEE. Tripletail Wealth Management LLC acquired a new stake in NextEra Energy during the third quarter valued at approximately $25,000. Anfield Capital Management LLC raised its holdings in shares of NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after buying an additional 270 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $25,000. Wealth Watch Advisors INC lifted its position in shares of NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after buying an additional 226 shares during the period. Finally, Goodman Advisory Group LLC bought a new position in shares of NextEra Energy during the 2nd quarter worth approximately $25,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Company Profile

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.