NextEra Energy (NYSE:NEE) EVP Nicole Daggs Sells 4,934 Shares of Stock

NextEra Energy, Inc. (NYSE:NEE) EVP Nicole Daggs sold 4,934 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $93.00, for a total value of $458,862.00. Following the completion of the sale, the executive vice president directly owned 16,905 shares in the company, valued at $1,572,165. This trade represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NextEra Energy Price Performance

NYSE NEE traded up $0.09 during trading on Monday, hitting $92.87. 7,910,644 shares of the company’s stock were exchanged, compared to its average volume of 9,916,867. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The company has a market cap of $193.49 billion, a PE ratio of 28.23 and a beta of 0.75. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $95.91. The stock’s 50 day moving average price is $88.42 and its two-hundred day moving average price is $82.95.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $6.50 billion for 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% compared to the same quarter last year. During the same period last year, the company posted $0.53 EPS. Research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a $0.6232 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, February 27th. NextEra Energy’s dividend payout ratio (DPR) is 75.68%.

Analyst Ratings Changes

Several research analysts have recently issued reports on NEE shares. The Goldman Sachs Group upped their price target on shares of NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Wall Street Zen raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Argus set a $92.00 price objective on NextEra Energy and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Wells Fargo & Company upped their target price on NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Finally, Erste Group Bank upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.16.

Hedge Funds Weigh In On NextEra Energy

Several large investors have recently modified their holdings of the business. Norges Bank bought a new stake in shares of NextEra Energy in the fourth quarter worth $2,816,327,000. Vanguard Group Inc. raised its position in NextEra Energy by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock worth $14,777,923,000 after purchasing an additional 5,554,603 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in NextEra Energy by 1,765.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock worth $299,567,000 after buying an additional 3,755,563 shares during the period. Employees Provident Fund Board acquired a new position in NextEra Energy during the 4th quarter worth about $240,840,000. Finally, Pictet Asset Management Holding SA grew its position in shares of NextEra Energy by 47.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock valued at $742,913,000 after buying an additional 2,972,924 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Company Profile

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.