Insider Selling: NextEra Energy (NYSE:NEE) EVP Sells $60,827.40 in Stock

NextEra Energy, Inc. (NYSE:NEE) EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $71.90, for a total value of $60,827.40. Following the transaction, the executive vice president owned 10,113 shares in the company, valued at approximately $727,124.70. This represents a 7.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $70.18 on Thursday. The stock’s fifty day moving average price is $72.91 and its 200-day moving average price is $71.06. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The firm has a market cap of $144.52 billion, a P/E ratio of 24.54, a P/E/G ratio of 2.40 and a beta of 0.65.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.2%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s payout ratio is 79.02%.

Institutional Investors Weigh In On NextEra Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Activest Wealth Management grew its stake in shares of NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of NextEra Energy in the second quarter valued at approximately $25,000. Goodman Advisory Group LLC acquired a new position in NextEra Energy during the second quarter worth $25,000. 1 North Wealth Services LLC acquired a new position in NextEra Energy during the first quarter worth $26,000. Finally, Quaker Wealth Management LLC raised its holdings in shares of NextEra Energy by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 772 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NEE. Barclays boosted their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. UBS Group dropped their price target on NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research note on Friday, May 23rd. HSBC dropped their price target on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Finally, BMO Capital Markets boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $84.00.

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,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.