NextEra Energy (NYSE:NEE) CEO Sells $8,898,532.02 in Stock

NextEra Energy, Inc. (NYSE:NEE) CEO John Ketchum sold 99,603 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $89.34, for a total value of $8,898,532.02. Following the transaction, the chief executive officer directly owned 305,933 shares in the company, valued at $27,332,054.22. This trade represents a 24.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

NextEra Energy Price Performance

NextEra Energy stock traded up $1.37 during trading hours on Tuesday, hitting $90.85. 7,210,488 shares of the company traded hands, compared to its average volume of 9,620,289. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $91.96. The firm has a market cap of $189.21 billion, a P/E ratio of 27.61, a P/E/G ratio of 2.77 and a beta of 0.76. The firm’s 50-day simple moving average is $82.97 and its two-hundred day simple moving average is $79.67. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35.

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

Institutional Investors Weigh In On NextEra Energy

Large investors have recently made changes to their positions in the company. Activest Wealth Management lifted its holdings in shares of NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares in the last quarter. Harbor Asset Planning Inc. acquired a new position in NextEra Energy during the second quarter valued at $25,000. Goodman Advisory Group LLC acquired a new position in NextEra Energy during the second quarter valued at $25,000. Tripletail Wealth Management LLC purchased a new stake in NextEra Energy in the 3rd quarter worth about $25,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in NextEra Energy during the 4th quarter worth about $25,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NEE. Barclays raised their target price on NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, December 11th. Seaport Research Partners lowered their price objective on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a research note on Monday, February 2nd. BTIG Research reissued a “buy” rating and set a $103.00 target price on shares of NextEra Energy in a research note on Wednesday, January 28th. Finally, Wells Fargo & Company raised their target price on shares of NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $92.95.

NextEra Energy Company Profile

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.