NextEra Energy Inc (NYSE:NEE) CEO Armando Pimentel, Jr. sold 35,347 shares of NextEra Energy stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $180.81, for a total transaction of $6,391,091.07. Following the completion of the transaction, the chief executive officer now owns 94,596 shares in the company, valued at approximately $17,103,902.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of NEE stock traded up $0.20 during mid-day trading on Friday, reaching $182.86. The stock had a trading volume of 2,166,253 shares, compared to its average volume of 2,006,955. NextEra Energy Inc has a 52-week low of $145.10 and a 52-week high of $184.20. The stock has a market capitalization of $87.30 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 2.80 and a beta of 0.14. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 0.72.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.03. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The firm had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter in the previous year, the company earned $1.85 earnings per share. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities analysts predict that NextEra Energy Inc will post 7.78 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Advisors Ltd. LLC increased its position in shares of NextEra Energy by 323.5% during the third quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock valued at $109,000 after buying an additional 495 shares during the period. Private Ocean LLC increased its position in shares of NextEra Energy by 154.2% during the third quarter. Private Ocean LLC now owns 778 shares of the utilities provider’s stock valued at $130,000 after buying an additional 472 shares during the period. Braun Bostich & Associates Inc. increased its position in shares of NextEra Energy by 492.5% during the second 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 during the period. LFA Lugano Financial Advisors SA purchased a new position in shares of NextEra Energy during the third quarter valued at about $168,000. Finally, CSat Investment Advisory L.P. purchased a new position in shares of NextEra Energy during the second quarter valued at about $176,000. Institutional investors own 76.28% of the company’s stock.
A number of equities analysts recently commented on NEE shares. Mizuho started coverage on shares of NextEra Energy in a research report on Monday, August 13th. They issued a “buy” rating and a $184.00 target price on the stock. Morgan Stanley lifted their target price on shares of NextEra Energy from $181.00 to $186.00 and gave the stock a “buy” rating in a research report on Tuesday, September 11th. Wells Fargo & Co boosted their price objective on shares of NextEra Energy from $180.00 to $191.00 and gave the company an “outperform” rating in a research report on Monday, September 17th. 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 report on Friday, October 12th. Finally, Credit Suisse Group decreased their price objective on shares of NextEra Energy from $185.00 to $173.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 24th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $175.00.
About NextEra Energy
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.
Further Reading: Why do companies issue stock splits?
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.