NextEra Energy (NYSE:NEE) EVP Sells $906,880.00 in Stock

Key Points

• NextEra Energy's EVP Charles Sieving sold 11,336 shares for $906,880, reducing his ownership by 6.34% to a total of 167,481 shares valued at approximately $13.4 million.
• The company announced a quarterly dividend of $0.5665, yielding 2.8%, with a dividend payout ratio of 79.02% and paid to shareholders on September 15th.
• Analysts have generally rated NextEra Energy as a "Moderate Buy," with an average target price of $84.08 and notable institutional interest in the stock, with 78.72% owned by institutional investors.

NextEra Energy, Inc. (NYSE:NEE - Get Free Report) EVP Charles Sieving sold 11,336 shares of the stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company's stock, valued at approximately $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NextEra Energy Price Performance

Shares of NYSE NEE traded up $2.07 during mid-day trading on Monday, reaching $82.13. The company's stock had a trading volume of 15,761,932 shares, compared to its average volume of 11,633,254. The stock has a 50-day moving average of $72.99 and a two-hundred day moving average of $71.28. The stock has a market capitalization of $169.13 billion, a P/E ratio of 28.72, a P/E/G ratio of 2.76 and a beta of 0.66. 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, Inc. has a 1-year low of $61.72 and a 1-year high of $86.00.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates 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 company's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 earnings per share. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were paid a $0.5665 dividend. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy's dividend payout ratio (DPR) is 79.02%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NEE shares. Melius Research raised NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. Weiss Ratings restated a "hold (c)" rating on shares of NextEra Energy in a research report on Saturday, September 27th. Mizuho set a $78.00 price objective on shares of NextEra Energy in a research report on Thursday, August 21st. HSBC cut their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Finally, Barclays raised 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. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $84.08.

Institutional Investors Weigh In On NextEra Energy

A number of institutional investors have recently made changes to their positions in NEE. Norges Bank acquired a new stake in NextEra Energy in the 2nd quarter valued at approximately $2,375,545,000. GQG Partners LLC grew its stake in shares of NextEra Energy by 58.4% in the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock valued at $1,221,896,000 after buying an additional 6,352,798 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of NextEra Energy by 2.7% in the second quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider's stock valued at $14,777,923,000 after buying an additional 5,554,603 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of NextEra Energy by 20.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock valued at $1,165,748,000 after buying an additional 2,815,629 shares in the last quarter. Finally, Amundi grew its stake in shares of NextEra Energy by 27.8% in the first quarter. Amundi now owns 12,200,990 shares of the utilities provider's stock valued at $878,447,000 after buying an additional 2,657,438 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

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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