NextEra Energy Inc (NYSE:NEE) Director James L. Robo sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $170.69, for a total transaction of $3,072,420.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
NYSE:NEE traded up $2.21 on Thursday, reaching $173.83. 183,192 shares of the stock traded hands, compared to its average volume of 1,270,350. The firm has a market cap of $80.22 billion, a P/E ratio of 25.81, a P/E/G ratio of 2.62 and a beta of 0.18. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.46 and a current ratio of 0.58. NextEra Energy Inc has a 12 month low of $144.70 and a 12 month high of $175.65.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 25th. The utilities provider reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.05. NextEra Energy had a net margin of 49.10% and a return on equity of 10.49%. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.51 billion. During the same period last year, the business earned $1.86 EPS. NextEra Energy’s revenue was down 7.6% compared to the same quarter last year. equities research analysts predict that NextEra Energy Inc will post 7.76 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Thursday, August 30th will be paid a $1.11 dividend. The ex-dividend date is Wednesday, August 29th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.55%. NextEra Energy’s dividend payout ratio is presently 66.27%.
Hedge funds have recently made changes to their positions in the company. Gables Capital Management Inc. bought a new stake in shares of NextEra Energy in the first quarter worth approximately $105,000. Braun Bostich & Associates Inc. grew its stake in shares of NextEra Energy by 492.5% in the second quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock worth $144,000 after acquiring an additional 719 shares during the period. Howe & Rusling Inc. grew its stake in shares of NextEra Energy by 70.5% in the second quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock worth $151,000 after acquiring an additional 373 shares during the period. Centersquare Investment Management LLC bought a new stake in shares of NextEra Energy in the first quarter worth approximately $150,000. Finally, Stelac Advisory Services LLC bought a new stake in shares of NextEra Energy in the first quarter worth approximately $151,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.
A number of analysts have weighed in on NEE shares. ValuEngine upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Mizuho started coverage on shares of NextEra Energy in a research note on Monday, August 13th. They set a “buy” rating and a $184.00 price objective for the company. KeyCorp raised their price objective on shares of NextEra Energy from $168.00 to $178.00 and gave the company an “overweight” rating in a research note on Thursday, July 19th. Morgan Stanley reduced their price objective on shares of NextEra Energy from $172.00 to $169.00 and set an “overweight” rating for the company in a research note on Wednesday, June 13th. Finally, Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. NextEra Energy currently has an average rating of “Buy” and an average target price of $167.08.
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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