NextEra Energy Inc (NYSE:NEE) Treasurer Sells $2,500,020.00 in Stock

NextEra Energy Inc (NYSE:NEE) Treasurer Paul I. Cutler sold 8,772 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $285.00, for a total transaction of $2,500,020.00. Following the transaction, the treasurer now owns 86,839 shares of the company’s stock, valued at approximately $24,749,115. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

NEE stock opened at $281.44 on Thursday. The company has a fifty day moving average price of $255.43 and a 200 day moving average price of $248.35. NextEra Energy Inc has a 12 month low of $174.80 and a 12 month high of $285.63. The company has a market cap of $137.81 billion, a price-to-earnings ratio of 38.82, a price-to-earnings-growth ratio of 3.88 and a beta of 0.21. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.61 and a quick ratio of 0.50.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, July 24th. The utilities provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.50 by $0.11. NextEra Energy had a net margin of 18.71% and a return on equity of 10.55%. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the prior year, the firm earned $2.35 EPS. NextEra Energy’s revenue for the quarter was down 15.4% on a year-over-year basis. As a group, analysts anticipate that NextEra Energy Inc will post 9.12 earnings per share for the current year.

NEE has been the subject of several analyst reports. Vertical Research upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating and set a $265.00 price target for the company in a report on Monday. UBS Group reduced their price objective on shares of NextEra Energy from $296.00 to $290.00 and set a “buy” rating for the company in a research report on Monday, June 22nd. Morgan Stanley boosted their price objective on shares of NextEra Energy from $240.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Finally, Credit Suisse Group boosted their price objective on shares of NextEra Energy from $252.00 to $265.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. NextEra Energy presently has a consensus rating of “Buy” and a consensus target price of $258.00.

A number of hedge funds have recently added to or reduced their stakes in the stock. TradeLink Capital LLC purchased a new stake in NextEra Energy in the 2nd quarter valued at $250,000. Mitchell Capital Management Co. raised its position in NextEra Energy by 1.1% during the 2nd quarter. Mitchell Capital Management Co. now owns 5,161 shares of the utilities provider’s stock worth $1,240,000 after buying an additional 57 shares during the last quarter. State of Michigan Retirement System raised its position in NextEra Energy by 11.6% during the 2nd quarter. State of Michigan Retirement System now owns 125,015 shares of the utilities provider’s stock worth $30,025,000 after buying an additional 13,042 shares during the last quarter. Duality Advisers LP purchased a new position in NextEra Energy during the 2nd quarter worth $7,104,000. Finally, Schmidt P J Investment Management Inc. raised its position in NextEra Energy by 1.6% during the 2nd quarter. Schmidt P J Investment Management Inc. now owns 32,712 shares of the utilities provider’s stock worth $7,856,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 77.00% of the company’s stock.

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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