NextEra Energy (NYSE:NEE) EVP Sells $707,900.00 in Stock

Key Points

• Michael Dunne, EVP of NextEra Energy, sold 10,000 shares of the company's stock at an average price of $70.79, resulting in a 13.88% decrease in his ownership.
• NextEra Energy reported a quarterly earnings per share (EPS) of $1.05, exceeding analyst expectations, but its revenue fell short of estimates at $6.70 billion.
• The company will pay a quarterly dividend of $0.5665 per share on September 15th, yielding 3.2% annually, with a dividend payout ratio of 79.02%.

NextEra Energy, Inc. (NYSE:NEE - Get Free Report) EVP Michael Dunne sold 10,000 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares of the company's stock, valued at $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

NextEra Energy Trading Up 0.6%

Shares of NEE stock traded up $0.46 during mid-day trading on Friday, hitting $71.78. 4,302,809 shares of the company's stock were exchanged, compared to its average volume of 11,672,247. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The stock has a market cap of $147.81 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 2.45 and a beta of 0.65. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The stock has a 50-day simple moving average of $73.13 and a two-hundred day simple moving average of $71.05.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. Equities 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. Shareholders of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's payout ratio is presently 79.02%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NEE. Mizuho set a $78.00 target price on NextEra Energy in a report on Thursday, August 21st. Melius Research raised shares of NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. Barclays lifted their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Melius started coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $77.00 target price for the company. Finally, BMO Capital Markets boosted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NEE. Brighton Jones LLC increased its holdings in shares of NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after acquiring an additional 298 shares during the last quarter. Ethic Inc. lifted its holdings in NextEra Energy by 81.3% in the fourth quarter. Ethic Inc. now owns 30,729 shares of the utilities provider's stock valued at $2,203,000 after acquiring an additional 13,782 shares during the period. Jefferies Financial Group Inc. lifted its holdings in NextEra Energy by 549.3% in the fourth quarter. Jefferies Financial Group Inc. now owns 148,070 shares of the utilities provider's stock valued at $10,615,000 after acquiring an additional 125,266 shares during the period. Finally, Laurion Capital Management LP purchased a new stake in NextEra Energy during the 4th quarter worth about $11,813,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

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.