NextEra Energy, Inc. (NYSE:NEE) Director James L. Robo sold 30,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total value of $4,545,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of NextEra Energy, Inc. (NYSE:NEE) traded down $0.73 during trading on Friday, hitting $152.65. The company had a trading volume of 3,084,368 shares, compared to its average volume of 1,420,000. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61. The company has a market capitalization of $71,810.00, a P/E ratio of 22.47, a PEG ratio of 2.98 and a beta of 0.31. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $156.80.
NextEra Energy (NYSE:NEE) last announced its earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.74 earnings per share. equities analysts predict that NextEra Energy, Inc. will post 6.73 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a $0.9825 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a yield of 2.57%. NextEra Energy’s dividend payout ratio (DPR) is 44.16%.
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A number of analysts have recently weighed in on NEE shares. KeyCorp reissued a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a research note on Friday, September 1st. Morgan Stanley increased their price objective on NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, September 8th. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. J P Morgan Chase & Co started coverage on NextEra Energy in a research note on Thursday, September 7th. They set an “overweight” rating and a $173.00 price objective for the company. Finally, Bank of America Corporation started coverage on NextEra Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $166.00 price objective for the company. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $154.69.
A number of institutional investors and hedge funds have recently bought and sold shares of NEE. Hanson McClain Inc. raised its holdings in NextEra Energy by 6.0% in the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 43 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 71 shares in the last quarter. Archford Capital Strategies LLC raised its holdings in NextEra Energy by 76.9% in the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after purchasing an additional 4,347 shares in the last quarter. Highstreet Asset Management Inc. bought a new position in NextEra Energy in the second quarter worth $134,000. Finally, Atlantic Trust LLC bought a new position in NextEra Energy in the second quarter worth $154,000. Institutional investors and hedge funds own 75.30% of the company’s stock.
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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