NextEra Energy (NYSE:NEE) EVP Mark Lemasney Sells 846 Shares

Key Points

• Mark Lemasney, EVP of NextEra Energy, sold 846 shares at an average price of $71.90 for a total of $60,827.40, decreasing his stake in the company by 7.72%.
• NextEra Energy reported a quarterly revenue of $6.70 billion, which was below analyst expectations, although the firm's earnings per share beat estimates at $1.05.
• The company announced a quarterly dividend of $0.5665, resulting in an annualized yield of 3.2% and a dividend payout ratio of 79.02%.

NextEra Energy, Inc. (NYSE:NEE - Get Free Report) EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction on Friday, September 12th. The shares were sold at an average price of $71.90, for a total value of $60,827.40. Following the transaction, the executive vice president directly owned 10,113 shares of the company's stock, valued at approximately $727,124.70. The trade was a 7.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NextEra Energy Price Performance

Shares of NYSE NEE traded down $0.10 during midday trading on Monday, reaching $71.54. 9,418,250 shares of the company traded hands, compared to its average volume of 11,688,829. The firm has a market cap of $147.32 billion, a PE ratio of 25.01, a PEG ratio of 2.47 and a beta of 0.65. The stock's 50-day simple moving average is $73.10 and its 200-day simple moving average is $71.07. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

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 for the quarter, beating 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 company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period last year, the company posted $0.96 earnings per share. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be paid a $0.5665 dividend. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. NextEra Energy's dividend payout ratio (DPR) is 79.02%.

Institutional Trading of NextEra Energy

Institutional investors have recently made changes to their positions in the business. Activest Wealth Management lifted its position in shares of NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider's stock worth $25,000 after purchasing an additional 157 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of NextEra Energy during the 2nd quarter worth approximately $25,000. Goodman Advisory Group LLC bought a new stake in shares of NextEra Energy during the 2nd quarter worth approximately $25,000. 1 North Wealth Services LLC bought a new stake in shares of NextEra Energy during the 1st quarter worth approximately $26,000. Finally, Quaker Wealth Management LLC raised its stake in shares of NextEra Energy by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider's stock worth $27,000 after purchasing an additional 772 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on NEE shares. Mizuho set a $78.00 target price on NextEra Energy in a research note on Thursday, August 21st. UBS Group lowered their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research report on Thursday, August 21st. Melius started coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price objective for the company. Finally, HSBC lowered their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $84.00.

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,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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