NextEra Energy (NYSE:NEE) EVP Charles Sieving Sells 30,000 Shares of Stock

NextEra Energy, Inc. (NYSE:NEEGet Free Report) EVP Charles Sieving sold 30,000 shares of NextEra Energy stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $15,073,290. This trade represents a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NextEra Energy Price Performance

NEE stock opened at $89.17 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. The company’s 50-day moving average is $82.81 and its 200-day moving average is $79.40. The stock has a market capitalization of $185.71 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 2.78 and a beta of 0.76. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $90.69.

NextEra Energy (NYSE:NEEGet Free Report) last issued its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The firm’s revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on NEE shares. TD Cowen began coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $98.00 price target for the company. Wolfe Research lifted their price objective on shares of NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a report on Monday, December 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of NextEra Energy in a research report on Monday, December 29th. UBS Group set a $91.00 price objective on NextEra Energy and gave the stock a “buy” rating in a report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. raised their price objective on NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $92.95.

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Institutional Investors Weigh In On NextEra Energy

Large investors have recently modified their holdings of the stock. Activest Wealth Management increased its position in 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 buying an additional 157 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in NextEra Energy in the 2nd quarter worth about $25,000. Goodman Advisory Group LLC purchased a new stake in NextEra Energy in the 2nd quarter worth about $25,000. Tripletail Wealth Management LLC bought a new stake in NextEra Energy in the 3rd quarter valued at about $25,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in NextEra Energy during the fourth quarter valued at about $25,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

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About NextEra Energy

(Get Free Report)

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.

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