Insider Selling: NextEra Energy (NYSE:NEE) EVP Sells $1,775,791.44 in Stock

NextEra Energy, Inc. (NYSE:NEE) EVP Terrell Kirk Crews II sold 19,672 shares of NextEra Energy stock in a transaction on Monday, March 9th. The shares were sold at an average price of $90.27, for a total transaction of $1,775,791.44. Following the completion of the transaction, the executive vice president directly owned 73,857 shares in the company, valued at $6,667,071.39. The trade was a 21.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

NextEra Energy Stock Performance

NYSE:NEE traded down $0.44 during trading hours on Tuesday, reaching $91.57. 7,481,843 shares of the company’s stock were exchanged, compared to its average volume of 10,098,194. The firm has a market capitalization of $190.79 billion, a price-to-earnings ratio of 27.83 and a beta of 0.75. The company has a 50-day moving average of $87.51 and a 200 day moving average of $82.48. 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, Inc. has a 1-year low of $61.72 and a 1-year high of $95.91.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. NextEra Energy’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period last year, the firm posted $0.53 EPS. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a dividend of $0.6232 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, February 27th. NextEra Energy’s dividend payout ratio is 75.68%.

Analyst Upgrades and Downgrades

NEE has been the subject of several analyst reports. Seaport Research Partners reduced their price objective on NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a research note on Monday, February 2nd. Mizuho set a $90.00 target price on NextEra Energy and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Wells Fargo & Company boosted their target price on NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Weiss Ratings cut NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $106.00 price target on shares of NextEra Energy in a report on Friday, February 20th. Two 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $94.16.

Hedge Funds Weigh In On NextEra Energy

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock worth $17,343,185,000 after purchasing an additional 2,234,176 shares in the last quarter. Geode Capital Management LLC lifted its stake in NextEra Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider’s stock valued at $3,781,790,000 after buying an additional 966,152 shares in the last quarter. Norges Bank purchased a new stake in NextEra Energy in the 4th quarter valued at approximately $2,816,327,000. Price T Rowe Associates Inc. MD grew its holdings in NextEra Energy by 6.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider’s stock valued at $1,474,407,000 after buying an additional 1,136,074 shares during the last quarter. Finally, Deutsche Bank AG increased its position in NextEra Energy by 2.9% during the fourth quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider’s stock worth $1,387,347,000 after buying an additional 485,854 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

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.