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 $74.90, totaling approximately $63,365.40, reducing his ownership by 8.37%.
• NextEra Energy's stock has seen a 1.6% increase, reaching $75.84 with a trading volume of 8,264,527 shares.
• The company reported a quarterly earnings per share (EPS) of $1.05, which surpassed the analysts' expectations of $1.01.

NextEra Energy, Inc. (NYSE:NEE - Get Free Report) EVP Mark Lemasney sold 846 shares of the company's stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the transaction, the executive vice president owned 9,267 shares of the company's stock, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Mark Lemasney also recently made the following trade(s):

• On Friday, September 12th, Mark Lemasney sold 846 shares of NextEra Energy stock. The stock was sold at an average price of $71.90, for a total transaction of $60,827.40.

NextEra Energy Stock Up 1.6%

Shares of NextEra Energy stock traded up $1.19 during trading hours on Friday, reaching $75.84. The company's stock had a trading volume of 8,264,527 shares, compared to its average volume of 11,623,129. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The stock's fifty day simple moving average is $72.63 and its two-hundred day simple moving average is $71.08. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company has a market capitalization of $156.18 billion, a P/E ratio of 26.52, a P/E/G ratio of 2.54 and a beta of 0.65.

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

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Thursday, August 28th. NextEra Energy's dividend payout ratio is 79.37%.

Institutional Investors Weigh In On NextEra Energy

Institutional investors have recently added to or reduced their stakes in the business. Dakota Community Bank & Trust NA increased its position in NextEra Energy by 49.2% during the second quarter. Dakota Community Bank & Trust NA now owns 2,385 shares of the utilities provider's stock worth $166,000 after buying an additional 786 shares during the period. Caldwell Trust Co purchased a new stake in shares of NextEra Energy in the second quarter valued at $12,762,000. Valeo Financial Advisors LLC increased its stake in NextEra Energy by 14.2% in the second quarter. Valeo Financial Advisors LLC now owns 38,206 shares of the utilities provider's stock valued at $2,652,000 after purchasing an additional 4,744 shares during the last quarter. Milestones Private Investment Advisors LLC acquired a new position in NextEra Energy in the second quarter valued at $467,000. Finally, NWF Advisory Services Inc. increased its stake in NextEra Energy by 74.6% during the second quarter. NWF Advisory Services Inc. now owns 28,823 shares of the utilities provider's stock worth $2,001,000 after acquiring an additional 12,318 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NEE shares. BMO Capital Markets raised 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. Morgan Stanley restated an "overweight" rating and issued a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday. Mizuho set a $78.00 price objective on shares of NextEra Energy in a research note on Thursday, August 21st. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. Finally, HSBC decreased their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.08.

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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