Insider Selling: NextEra Energy, Inc. (NYSE:NEE) EVP Sells 7,500 Shares of Stock

Key Points

• Robert Coffey, Executive Vice President of NextEra Energy, sold 7,500 shares at an average price of $71.84, totaling $538,800, resulting in a 22.03% decrease in his ownership of the stock.
• NextEra Energy reported $1.05 earnings per share for the last quarter, exceeding analysts' expectations, although revenue was lower than forecast at $6.70 billion.
• The company announced a quarterly dividend of $0.5665 per share, which will be paid to shareholders on September 15th, representing a 3.15% yield.

NextEra Energy, Inc. (NYSE:NEE - Get Free Report) EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president directly owned 26,539 shares of the company's stock, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NextEra Energy Stock Up 0.9%

NextEra Energy stock traded up $0.62 during mid-day trading on Tuesday, reaching $71.96. The stock had a trading volume of 7,585,984 shares, compared to its average volume of 12,237,404. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company has a 50-day moving average price of $72.19 and a two-hundred day moving average price of $70.46. The company has a market capitalization of $148.19 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 2.48 and a beta of 0.67. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 earnings per share. On average, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.15%. NextEra Energy's payout ratio is 79.37%.

Institutional Trading of NextEra Energy

Large investors have recently modified their holdings of the company. Activest Wealth Management lifted 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 worth $25,000 after purchasing an additional 157 shares during the period. Harbor Asset Planning Inc. purchased a new position in shares of NextEra Energy during the 2nd quarter worth $25,000. 1 North Wealth Services LLC bought a new position in NextEra Energy in the 1st quarter worth $26,000. Bellwether Advisors LLC purchased a new position in NextEra Energy during the fourth quarter valued at $30,000. Finally, Nova Wealth Management Inc. purchased a new position in NextEra Energy during the first quarter valued at $32,000. Institutional investors own 78.72% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Morgan Stanley decreased their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. Barclays increased their price objective on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. BMO Capital Markets lifted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Wells Fargo & Company lowered their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.42.

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.

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