Insider Selling: Moray P. Dewhurst Sells 10,000 Shares of NextEra Energy Stock (NEE)
NextEra Energy (NYSE:NEE) CFO Moray P. Dewhurst sold 10,000 shares of NextEra Energy stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $95.47, for a total transaction of $954,700.00. Following the transaction, the chief financial officer now directly owns 312,232 shares of the company’s stock, valued at approximately $29,808,789. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
NEE has been the subject of a number of recent research reports. Analysts at ISI Group upgraded shares of NextEra Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 6th. They now have a $103.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of NextEra Energy from $99.00 to $105.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. Finally, analysts at Wells Fargo & Co. initiated coverage on shares of NextEra Energy in a research note on Thursday, July 31st. They set a “market perform” rating on the stock. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. NextEra Energy currently has a consensus rating of “Buy” and a consensus price target of $99.29.
Shares of NextEra Energy (NYSE:NEE) traded up 0.42% on Tuesday, hitting $95.29. 378,922 shares of the company’s stock traded hands. NextEra Energy has a 52-week low of $78.81 and a 52-week high of $102.51. The stock’s 50-day moving average is $98.01 and its 200-day moving average is $95.47. The company has a market cap of $41.580 billion and a price-to-earnings ratio of 21.18.
NextEra Energy (NYSE:NEE) last released its earnings data on Tuesday, July 29th. The company reported $1.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.44 by $0.01. The company had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $4.07 billion. Analysts expect that NextEra Energy will post $5.33 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Wednesday, August 27th.
NextEra Energy, Inc (NYSE:NEE) is an electric power company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.