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James Michael May Sells 2,177 Shares of NextEra Energy, Inc. (NYSE:NEE) Stock

NextEra Energy logo with Utilities background

NextEra Energy, Inc. (NYSE:NEE - Get Free Report) Treasurer James Michael May sold 2,177 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NextEra Energy Stock Down 0.2%

Shares of NEE traded down $0.14 during midday trading on Friday, reaching $71.83. 8,068,737 shares of the company were exchanged, compared to its average volume of 11,336,844. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The stock has a 50-day moving average price of $72.23 and a 200-day moving average price of $70.43. The company has a market cap of $147.92 billion, a price-to-earnings ratio of 25.12, a P/E/G ratio of 2.53 and a beta of 0.67.

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

NextEra Energy Dividend Announcement

The business also recently announced 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. This represents a $2.27 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is presently 79.02%.

Hedge Funds Weigh In On NextEra Energy

Several institutional investors have recently made changes to their positions in the stock. Somerset Trust Co lifted its position in NextEra Energy by 5.2% in the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after purchasing an additional 4,445 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of NextEra Energy during the 1st quarter valued at $783,000. Viking Fund Management LLC lifted its position in shares of NextEra Energy by 67.8% during the 1st quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock valued at $35,091,000 after acquiring an additional 200,000 shares during the last quarter. Trust Co. of Vermont lifted its position in shares of NextEra Energy by 2.2% during the 1st quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider's stock valued at $27,335,000 after acquiring an additional 8,472 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of NextEra Energy by 20.7% during the 1st quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider's stock valued at $2,459,000 after acquiring an additional 5,949 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NEE has been the topic of a number of research reports. BMO Capital Markets raised their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Barclays increased their price objective on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. reduced their price target on NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. Morgan Stanley reduced their price target on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday, June 18th. Finally, HSBC reduced their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $84.42.

Get Our Latest Research Report on NEE

About NextEra Energy

(Get Free Report)

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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