NextEra Energy Inc (NEE) CEO Armando Pimentel, Jr. Sells 4,920 Shares of Stock

NextEra Energy Inc (NYSE:NEE) CEO Armando Pimentel, Jr. sold 4,920 shares of the company’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $170.11, for a total transaction of $836,941.20. Following the completion of the transaction, the chief executive officer now owns 59,969 shares in the company, valued at $10,201,326.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NextEra Energy stock traded down $0.80 during midday trading on Thursday, hitting $172.74. 92,364 shares of the company’s stock were exchanged, compared to its average volume of 1,866,117. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.65 and a quick ratio of 0.57. NextEra Energy Inc has a 12 month low of $145.10 and a 12 month high of $176.82. The stock has a market cap of $81.95 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 2.64 and a beta of 0.13.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.03. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The company had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same period in the prior year, the business earned $1.85 EPS. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. On average, equities analysts expect that NextEra Energy Inc will post 7.76 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be issued a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a yield of 2.57%. The ex-dividend date is Thursday, November 29th. NextEra Energy’s payout ratio is 66.27%.

Institutional investors have recently modified their holdings of the business. Capital Advisors Ltd. LLC grew its holdings in NextEra Energy by 323.5% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock worth $109,000 after acquiring an additional 495 shares in the last quarter. Braun Bostich & Associates Inc. boosted its holdings in shares of NextEra Energy by 492.5% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock valued at $144,000 after buying an additional 719 shares in the last quarter. Howe & Rusling Inc. boosted its holdings in shares of NextEra Energy by 70.5% in the 2nd quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock valued at $151,000 after buying an additional 373 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of NextEra Energy in the 3rd quarter valued at about $168,000. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of NextEra Energy in the 2nd quarter valued at about $167,000. Institutional investors own 75.46% of the company’s stock.

NEE has been the topic of a number of research analyst reports. KeyCorp upped their price target on shares of NextEra Energy from $168.00 to $178.00 and gave the stock an “overweight” rating in a report on Thursday, July 19th. Howard Weil initiated coverage on shares of NextEra Energy in a report on Tuesday, July 24th. They issued a “sector perform” rating on the stock. Scotiabank initiated coverage on shares of NextEra Energy in a report on Tuesday, July 24th. They issued a “hold” rating and a $70.00 price target on the stock. ValuEngine upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Finally, Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 price target on the stock in a report on Wednesday, August 8th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $174.62.

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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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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