Insider Selling: NextEra Energy Inc (NEE) CEO Sells 4,920 Shares of Stock

NextEra Energy Inc (NYSE:NEE) CEO Armando Pimentel, Jr. sold 4,920 shares of the business’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $170.11, for a total transaction of $836,941.20. Following the sale, the chief executive officer now directly owns 59,969 shares in the company, valued at approximately $10,201,326.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of NEE opened at $173.96 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 0.72. The stock has a market cap of $81.95 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 2.64 and a beta of 0.13. NextEra Energy Inc has a 12-month low of $145.10 and a 12-month high of $176.82.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.03. The company had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.92 billion. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.85 earnings per share. As a group, research analysts anticipate that NextEra Energy Inc will post 7.76 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be given a dividend of $1.11 per share. This represents a $4.44 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Thursday, November 29th. NextEra Energy’s payout ratio is currently 66.27%.

A number of analysts recently commented on NEE shares. Wells Fargo & Co boosted their price objective on shares of NextEra Energy from $191.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, October 10th. ValuEngine raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Mizuho started coverage on shares of NextEra Energy in a report on Monday, August 13th. They set a “buy” rating and a $184.00 price objective on the stock. Royal Bank of Canada boosted their price objective on shares of NextEra Energy to $186.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Finally, Credit Suisse Group decreased their price objective on shares of NextEra Energy from $185.00 to $173.00 and set an “outperform” rating on the stock in a report on Wednesday, October 24th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. NextEra Energy currently has a consensus rating of “Buy” and an average price target of $174.62.

A number of institutional investors and hedge funds have recently made changes to their positions in NEE. Principal Financial Group Inc. raised its position in shares of NextEra Energy by 3.2% in the first quarter. Principal Financial Group Inc. now owns 1,641,235 shares of the utilities provider’s stock valued at $268,063,000 after buying an additional 51,158 shares during the last quarter. Clinton Group Inc. acquired a new position in shares of NextEra Energy in the second quarter valued at approximately $970,000. Cullinan Associates Inc. raised its position in shares of NextEra Energy by 2.5% in the second quarter. Cullinan Associates Inc. now owns 20,600 shares of the utilities provider’s stock valued at $3,441,000 after buying an additional 500 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of NextEra Energy by 27.3% in the second quarter. Fisher Asset Management LLC now owns 2,229 shares of the utilities provider’s stock valued at $372,000 after buying an additional 478 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC raised its position in shares of NextEra Energy by 4.2% in the second quarter. Osborn Williams & Donohoe LLC now owns 16,811 shares of the utilities provider’s stock valued at $2,808,000 after buying an additional 670 shares during the last quarter. Institutional investors own 75.46% of the company’s stock.

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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.

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