NextEra Energy Inc (NYSE:NEE) EVP Miguel Arechabala sold 5,448 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $188.61, for a total value of $1,027,547.28. Following the completion of the transaction, the executive vice president now owns 6,348 shares in the company, valued at approximately $1,197,296.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
NYSE:NEE opened at $190.98 on Friday. The company has a market cap of $91.32 billion, a P/E ratio of 24.80, a PEG ratio of 2.93 and a beta of 0.29. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 0.72. NextEra Energy Inc has a 52-week low of $155.06 and a 52-week high of $192.16.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 25th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). The firm had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.84 billion. NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 EPS. On average, research analysts expect that NextEra Energy Inc will post 8.4 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.62%. This is a boost from NextEra Energy’s previous quarterly dividend of $1.11. The ex-dividend date is Wednesday, February 27th. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.
NEE has been the topic of a number of recent analyst reports. Barclays increased their price objective on NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a report on Monday, November 19th. Credit Suisse Group increased their price objective on NextEra Energy from $186.00 to $193.00 and gave the company an “outperform” rating in a report on Wednesday, December 12th. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $204.00 price objective on the stock in a report on Monday, December 17th. Guggenheim reiterated a “buy” rating and issued a $205.00 price objective on shares of NextEra Energy in a report on Monday, January 7th. Finally, Morgan Stanley increased their price objective on NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 12th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. NextEra Energy currently has an average rating of “Buy” and a consensus price target of $178.75.
Institutional investors have recently bought and sold shares of the business. Acima Private Wealth LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $39,000. Westside Investment Management Inc. lifted its holdings in shares of NextEra Energy by 62.9% in the 4th quarter. Westside Investment Management Inc. now owns 259 shares of the utilities provider’s stock valued at $45,000 after buying an additional 100 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $46,000. PRW Wealth Management LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $49,000. Finally, Contravisory Investment Management Inc. lifted its holdings in shares of NextEra Energy by 161.8% in the 4th quarter. Contravisory Investment Management Inc. now owns 288 shares of the utilities provider’s stock valued at $50,000 after buying an additional 178 shares during the period. 75.98% of the stock is owned by institutional investors.
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About NextEra Energy
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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