NextEra Energy Inc (NYSE:NEE) EVP Deborah H. Caplan sold 2,976 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $194.44, for a total transaction of $578,653.44. Following the transaction, the executive vice president now directly owns 24,477 shares in the company, valued at $4,759,307.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
NextEra Energy stock traded down $0.04 during trading hours on Wednesday, reaching $194.86. 1,767,923 shares of the stock were exchanged, compared to its average volume of 2,067,046. The company has a market capitalization of $93.36 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 2.96 and a beta of 0.28. The company has a quick ratio of 0.38, a current ratio of 0.46 and a debt-to-equity ratio of 0.79. NextEra Energy Inc has a twelve month low of $155.06 and a twelve month high of $196.71.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.19. NextEra Energy had a net margin of 17.13% and a return on equity of 10.26%. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same period last year, the company posted $1.94 EPS. On average, sell-side analysts expect that NextEra Energy Inc will post 8.41 earnings per share for the current year.
A number of equities analysts recently commented on NEE shares. Barclays raised shares of NextEra Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $187.00 to $207.00 in a research report on Wednesday, March 20th. They noted that the move was a valuation call. Scotiabank upgraded shares of NextEra Energy from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $187.00 to $202.00 in a research note on Wednesday, May 8th. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 price objective on the stock in a research note on Wednesday, January 30th. Morgan Stanley increased their price objective on shares of NextEra Energy from $184.00 to $188.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 12th. Finally, Wells Fargo & Co increased their price objective on shares of NextEra Energy from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $196.33.
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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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