Rep. Jefferson Shreve Sells NextEra Energy, Inc. (NYSE:NEE) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of NextEra Energy, Inc. NYSE: NEE. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in NextEra Energy stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

NextEra Energy Trading Down 0.2%

NextEra Energy stock traded down $0.14 during mid-day trading on Friday, hitting $71.83. 8,068,737 shares of the company's stock were exchanged, compared to its average volume of 11,026,830. The firm has a market capitalization of $147.92 billion, a P/E ratio of 25.12, a PEG ratio of 2.48 and a beta of 0.67. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. 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 company's 50 day simple moving average is $72.23 and its 200-day simple moving average is $70.43.

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, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The firm's revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's payout ratio is presently 79.37%.

Institutional Trading of NextEra Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in NextEra Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock worth $14,697,086,000 after buying an additional 2,025,193 shares during the last quarter. Norges Bank acquired a new position in NextEra Energy during the fourth quarter worth approximately $3,484,197,000. Geode Capital Management LLC increased its position in NextEra Energy by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock worth $3,129,132,000 after buying an additional 1,359,268 shares during the last quarter. Northern Trust Corp increased its position in NextEra Energy by 1.1% during the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider's stock worth $1,655,512,000 after buying an additional 262,819 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in NextEra Energy by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider's stock worth $1,507,770,000 after buying an additional 1,336,259 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Buying and Selling

In other news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the transaction, the executive vice president owned 196,817 shares of the company's stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction that occurred on 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 directly owned 27,662 shares in the company, valued at $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on NEE. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Barclays lifted their price target on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. UBS Group dropped their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Wells Fargo & Company dropped their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. dropped their price target on NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $84.42.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.