NextEra Energy (NYSE:NEE) EVP Nicole Daggs Sells 4,934 Shares

NextEra Energy, Inc. (NYSE:NEE) EVP Nicole Daggs sold 4,934 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $93.00, for a total value of $458,862.00. Following the completion of the transaction, the executive vice president owned 16,905 shares of the company’s stock, valued at $1,572,165. The trade was a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $92.87 on Tuesday. The stock has a market cap of $193.49 billion, a price-to-earnings ratio of 28.23 and a beta of 0.76. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $95.91. The stock’s 50-day moving average is $88.65 and its 200 day moving average is $83.10.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. NextEra Energy’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were paid a $0.6232 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio is currently 75.68%.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of analyst reports. Mizuho set a $90.00 target price on shares of NextEra Energy and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Weiss Ratings cut NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Seaport Research Partners decreased their price objective on NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a report on Monday, February 2nd. Wolfe Research boosted their target price on NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research note on Monday, December 1st. Finally, HSBC increased their target price on NextEra Energy from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $94.16.

Institutional Investors Weigh In On NextEra Energy

A number of large investors have recently added to or reduced their stakes in NEE. Goodman Advisory Group LLC bought a new position in shares of NextEra Energy during the second quarter valued at about $25,000. Tripletail Wealth Management LLC bought a new stake in shares of NextEra Energy in the third quarter worth about $25,000. Laurel Wealth Advisors LLC bought a new stake in shares of NextEra Energy in the fourth quarter worth about $25,000. Anfield Capital Management LLC increased its holdings in NextEra Energy by 692.3% during the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 270 shares during the period. Finally, Wealth Watch Advisors INC increased its holdings in NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 226 shares during the period. Institutional investors own 78.72% of the company’s stock.

About NextEra Energy

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.