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

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

NextEra Energy Price Performance

Shares of NEE traded down $0.44 during trading hours on Tuesday, hitting $91.57. The stock had a trading volume of 7,481,843 shares, compared to its average volume of 10,098,194. The company’s fifty day moving average is $87.51 and its two-hundred day moving average is $82.48. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $95.91. The stock 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 announced its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period last year, the firm posted $0.53 EPS. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Mizuho set a $90.00 price target on shares of NextEra Energy and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. 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 note on Thursday, March 5th. BTIG Research reiterated a “buy” rating and set a $103.00 target price on shares of NextEra Energy in a research report on Wednesday, January 28th. The Goldman Sachs Group increased their price target on shares of NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Jefferies Financial Group set a $87.00 price target on shares of NextEra Energy in a report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $94.16.

Hedge Funds Weigh In On NextEra Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goodman Advisory Group LLC acquired a new stake in NextEra Energy in the second quarter worth $25,000. Tripletail Wealth Management LLC acquired a new position in shares of NextEra Energy in the 3rd quarter valued at $25,000. Laurel Wealth Advisors LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at $25,000. Anfield Capital Management LLC increased its position 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 valued at $25,000 after buying an additional 270 shares in the last quarter. Finally, Wealth Watch Advisors INC raised its stake in 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. Institutional investors own 78.72% of the company’s stock.

About NextEra Energy

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.