Charles E. Sieving Sells 30,485 Shares of NextEra Energy, Inc. (NEE) Stock
NextEra Energy, Inc. (NYSE:NEE) EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the sale, the executive vice president now directly owns 78,167 shares in the company, valued at $11,456,155.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NextEra Energy, Inc. (NYSE:NEE) traded up 0.29% on Monday, hitting $146.79. 1,008,202 shares of the company’s stock were exchanged. The stock has a market cap of $68.88 billion, a price-to-earnings ratio of 16.81 and a beta of 0.33. The company’s 50-day moving average price is $148.97 and its 200 day moving average price is $139.72. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $151.60.
NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.10. The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 earnings per share. On average, equities analysts predict that NextEra Energy, Inc. will post $6.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were issued a $0.9825 dividend. This represents a $3.93 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Wednesday, August 23rd. NextEra Energy’s payout ratio is 45.02%.
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Several equities research analysts have commented on the stock. BidaskClub lowered shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $158.00 price target (up from $150.00) on shares of NextEra Energy in a report on Monday, June 19th. BMO Capital Markets reaffirmed a “buy” rating and issued a $156.00 price target (up from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $147.00 price target (up from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. Finally, Goldman Sachs Group Inc assumed coverage on shares of NextEra Energy in a report on Monday, July 24th. They issued a “buy” rating and a $160.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. NextEra Energy has an average rating of “Buy” and an average target price of $151.15.
Several large investors have recently modified their holdings of the company. Perigon Wealth Management LLC boosted its holdings in shares of NextEra Energy by 9.2% in the second quarter. Perigon Wealth Management LLC now owns 5,901 shares of the utilities provider’s stock valued at $827,000 after acquiring an additional 496 shares in the last quarter. W. E. Donoghue & Co. LLC purchased a new stake in shares of NextEra Energy in the second quarter valued at about $2,206,000. Intl Fcstone Inc. purchased a new stake in shares of NextEra Energy in the second quarter valued at about $2,519,000. M Holdings Securities Inc. boosted its holdings in shares of NextEra Energy by 31.8% in the second quarter. M Holdings Securities Inc. now owns 3,290 shares of the utilities provider’s stock valued at $461,000 after acquiring an additional 793 shares in the last quarter. Finally, Griffin Asset Management Inc. purchased a new stake in shares of NextEra Energy in the second quarter valued at about $13,249,000. 75.41% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy Company Profile
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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