Miguel Arechabala Sells 5,093 Shares of NextEra Energy Inc (NEE) Stock

NextEra Energy Inc (NYSE:NEE) EVP Miguel Arechabala sold 5,093 shares of the stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $157.80, for a total transaction of $803,675.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of NextEra Energy Inc (NYSE NEE) opened at $161.04 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.52 and a current ratio of 0.64. The stock has a market cap of $74,451.36, a price-to-earnings ratio of 14.14, a P/E/G ratio of 2.60 and a beta of 0.32. NextEra Energy Inc has a 1-year low of $127.09 and a 1-year high of $161.68.

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NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.06). The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.18 billion. NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. NextEra Energy’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.21 earnings per share. analysts anticipate that NextEra Energy Inc will post 7.73 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, February 27th were issued a dividend of $1.11 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.98. This represents a $4.44 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is currently 38.98%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in NextEra Energy by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 4,869,190 shares of the utilities provider’s stock valued at $758,889,000 after purchasing an additional 73,790 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in NextEra Energy by 6.5% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,968,016 shares of the utilities provider’s stock valued at $619,764,000 after purchasing an additional 243,649 shares during the period. Bank of New York Mellon Corp boosted its holdings in NextEra Energy by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 3,907,505 shares of the utilities provider’s stock valued at $610,314,000 after purchasing an additional 41,226 shares during the period. Legal & General Group Plc boosted its holdings in NextEra Energy by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 2,772,914 shares of the utilities provider’s stock valued at $406,375,000 after purchasing an additional 76,379 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in NextEra Energy by 1.0% in the 4th quarter. Alliancebernstein L.P. now owns 2,664,040 shares of the utilities provider’s stock valued at $416,096,000 after purchasing an additional 26,147 shares during the period. 76.50% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on NEE. Morgan Stanley dropped their price target on shares of NextEra Energy from $170.00 to $168.00 and set an “overweight” rating on the stock in a research note on Thursday, March 8th. ValuEngine upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $172.00 price target on the stock in a research note on Wednesday, February 21st. UBS began coverage on shares of NextEra Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $177.00 price target on the stock. Finally, Guggenheim restated a “buy” rating and set a $182.00 price target on shares of NextEra Energy in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. NextEra Energy currently has a consensus rating of “Buy” and an average price target of $161.75.

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About NextEra Energy

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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