NextEra Energy (NYSE:NEE) CEO Armando Pimentel, Jr. Sells 145,140 Shares

NextEra Energy, Inc. (NYSE:NEE) CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction on Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NextEra Energy Trading Down 1.2%

Shares of NEE traded down $1.01 during trading hours on Tuesday, hitting $84.74. 11,060,129 shares of the stock traded hands, compared to its average volume of 11,352,882. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The firm has a market capitalization of $176.48 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. The business has a fifty day moving average of $79.82 and a 200-day moving average of $74.83.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. The firm had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The company’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the company earned $1.03 earnings per share. Analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s payout ratio is 71.97%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NEE. Daymark Wealth Partners LLC grew its holdings in shares of NextEra Energy by 6.5% in the 2nd quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock valued at $3,125,000 after acquiring an additional 2,767 shares in the last quarter. Avity Investment Management Inc. boosted its position in NextEra Energy by 1.7% during the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock valued at $35,162,000 after purchasing an additional 8,565 shares during the last quarter. Dillon & Associates Inc. grew its stake in NextEra Energy by 8.4% in the second quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock valued at $4,709,000 after purchasing an additional 5,261 shares in the last quarter. Soltis Investment Advisors LLC grew its stake in NextEra Energy by 171.1% in the second quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock valued at $841,000 after purchasing an additional 7,645 shares in the last quarter. Finally, Integrity Alliance LLC. increased its position in shares of NextEra Energy by 41.8% during the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock worth $1,779,000 after purchasing an additional 7,401 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NEE. Wells Fargo & Company raised shares of NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. HSBC increased their price target on NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. Wolfe Research decreased their price objective on NextEra Energy from $94.00 to $87.00 and set an “outperform” rating for the company in a research note on Thursday, November 13th. Morgan Stanley reiterated an “overweight” rating and issued a $95.00 price objective (down previously from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Finally, New Street Research set a $84.00 target price on NextEra Energy in a research note on Monday, October 13th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.53.

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,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.