Insider Selling: NextEra Energy (NYSE:NEE) EVP Sells 19,672 Shares of Stock

NextEra Energy, Inc. (NYSE:NEE) EVP Terrell Kirk Crews II sold 19,672 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $90.27, for a total value of $1,775,791.44. Following the completion of the sale, the executive vice president directly owned 73,857 shares in the company, valued at $6,667,071.39. This represents a 21.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NextEra Energy Stock Down 0.5%

Shares of NextEra Energy stock traded down $0.44 on Tuesday, reaching $91.57. 7,481,843 shares of the company were exchanged, compared to its average volume of 10,098,194. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $95.91. The company has a market cap of $190.79 billion, a P/E ratio of 27.83 and a beta of 0.75. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. The stock’s 50 day moving average price is $87.51 and its 200-day moving average price is $82.48.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter last year, the company earned $0.53 earnings per share. The firm’s revenue was up 20.7% compared to the same quarter last year. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

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

Analyst Ratings Changes

NEE has been the subject of a number of analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $106.00 target price on shares of NextEra Energy in a research note on Friday, February 20th. Seaport Research Partners decreased their price target on NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a report on Monday, February 2nd. Barclays upped their price objective on NextEra Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. The Goldman Sachs Group increased their price objective on NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, UBS Group boosted their target price on NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $94.16.

Institutional Investors Weigh In On NextEra Energy

A number of institutional investors and hedge funds have recently bought and sold shares of NEE. Goodman Advisory Group LLC acquired a new stake in shares of NextEra Energy in the 2nd quarter valued at about $25,000. Tripletail Wealth Management LLC acquired a new position in NextEra Energy during the third quarter worth approximately $25,000. Laurel Wealth Advisors LLC acquired a new position in NextEra Energy during the fourth quarter worth approximately $25,000. Anfield Capital Management LLC lifted its stake in NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after buying an additional 270 shares during the last quarter. Finally, Wealth Watch Advisors INC lifted its stake in NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after buying an additional 226 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

About NextEra Energy

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.