NextEra Energy Inc (NYSE:NEE) EVP Deborah H. Caplan sold 2,976 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $194.44, for a total value of $578,653.44. Following the completion of the transaction, the executive vice president now directly owns 24,477 shares in the company, valued at $4,759,307.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
NextEra Energy stock traded up $2.50 during midday trading on Thursday, hitting $197.41. 1,077,642 shares of the company were exchanged, compared to its average volume of 2,067,046. The firm has a market cap of $93.36 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 2.96 and a beta of 0.28. NextEra Energy Inc has a fifty-two week low of $155.06 and a fifty-two week high of $196.71. The company has a quick ratio of 0.38, a current ratio of 0.46 and a debt-to-equity ratio of 0.79.
NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 EPS for the quarter, topping the consensus estimate of $2.01 by $0.19. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. NextEra Energy had a return on equity of 10.26% and a net margin of 17.13%. During the same period last year, the company earned $1.94 earnings per share. Equities analysts expect that NextEra Energy Inc will post 8.41 EPS for the current year.
A number of brokerages have recently weighed in on NEE. Morgan Stanley increased their price objective on NextEra Energy from $193.00 to $194.00 and gave the company an “overweight” rating in a report on Thursday. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Credit Suisse Group set a $199.00 price objective on NextEra Energy and gave the company a “buy” rating in a report on Monday, April 22nd. Goldman Sachs Group lowered NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 target price on the stock. in a report on Monday, April 8th. Finally, Wells Fargo & Co raised their target price on NextEra Energy from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $196.83.
Institutional investors have recently bought and sold shares of the stock. Ellis Investment Partners LLC purchased a new position in NextEra Energy during the first quarter worth approximately $32,000. Acima Private Wealth LLC purchased a new position in shares of NextEra Energy in the fourth quarter valued at approximately $39,000. Massey Quick Simon & CO. LLC purchased a new position in shares of NextEra Energy in the first quarter valued at approximately $39,000. RPG Investment Advisory LLC purchased a new position in shares of NextEra Energy in the first quarter valued at approximately $42,000. Finally, Altshuler Shaham Ltd lifted its position in shares of NextEra Energy by 50.0% in the first quarter. Altshuler Shaham Ltd now owns 228 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 76 shares in the last quarter. 77.00% of the stock is currently owned by hedge funds and other institutional investors.
NextEra Energy Company Profile
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.
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