NextEra Energy Inc (NYSE:NEE) CEO Armando Pimentel, Jr. sold 8,336 shares of the business’s stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $157.15, for a total transaction of $1,310,002.40. Following the completion of the transaction, the chief executive officer now owns 77,139 shares of the company’s stock, valued at approximately $12,122,393.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NextEra Energy opened at $159.54 on Monday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.59 and a quick ratio of 0.46. The firm has a market cap of $75.11 billion, a P/E ratio of 23.81, a PEG ratio of 2.39 and a beta of 0.25. NextEra Energy Inc has a 12 month low of $138.00 and a 12 month high of $166.62.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 24th. The utilities provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.16. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $4.15 billion. NextEra Energy had a net margin of 48.13% and a return on equity of 10.91%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.75 earnings per share. sell-side analysts anticipate that NextEra Energy Inc will post 7.73 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Tuesday, June 5th were paid a dividend of $1.11 per share. The ex-dividend date was Monday, June 4th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.78%. NextEra Energy’s payout ratio is currently 66.27%.

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in NextEra Energy by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 4,869,190 shares of the utilities provider’s stock valued at $758,889,000 after acquiring an additional 73,790 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in NextEra Energy by 6.5% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,968,016 shares of the utilities provider’s stock valued at $619,764,000 after acquiring an additional 243,649 shares during the last quarter. Bank of New York Mellon Corp lifted its position in NextEra Energy by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 3,907,505 shares of the utilities provider’s stock valued at $610,314,000 after acquiring an additional 41,226 shares during the last quarter. Alliancebernstein L.P. lifted its position in NextEra Energy by 1.0% in the fourth quarter. Alliancebernstein L.P. now owns 2,664,040 shares of the utilities provider’s stock valued at $416,096,000 after acquiring an additional 26,147 shares during the last quarter. Finally, Eaton Vance Management lifted its position in NextEra Energy by 3.6% in the fourth quarter. Eaton Vance Management now owns 2,222,593 shares of the utilities provider’s stock valued at $347,147,000 after acquiring an additional 77,806 shares during the last quarter. Hedge funds and other institutional investors own 75.95% of the company’s stock.

Several equities analysts have commented on the stock. ValuEngine upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 29th. KeyCorp boosted their price target on shares of NextEra Energy from $165.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 18th. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $167.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 10th. Finally, Morgan Stanley boosted their price target on shares of NextEra Energy from $168.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, April 16th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $168.54.

NextEra Energy Company Profile

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.

Insider Buying and Selling by Quarter for NextEra Energy (NYSE:NEE)

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