Joseph T. Kelliher Sells 2,000 Shares of NextEra Energy, Inc. (NEE) Stock
NextEra Energy, Inc. (NYSE:NEE) EVP Joseph T. Kelliher sold 2,000 shares of the business’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NextEra Energy, Inc. (NEE) traded up 0.13% on Thursday, hitting $150.06. The company had a trading volume of 547,765 shares. The stock’s 50-day moving average is $148.60 and its 200 day moving average is $141.57. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $151.60. The company has a market capitalization of $70.41 billion, a price-to-earnings ratio of 17.19 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the firm earned $1.67 earnings per share. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. Equities analysts expect that NextEra Energy, Inc. will post $6.73 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were paid a $0.9825 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a yield of 2.62%. NextEra Energy’s payout ratio is presently 45.02%.
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NEE has been the subject of a number of recent analyst reports. KeyCorp reissued a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a research report on Friday, September 1st. Morgan Stanley boosted their target price on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, September 8th. Goldman Sachs Group, Inc. (The) initiated coverage on NextEra Energy in a research report on Monday, July 24th. They issued a “buy” rating and a $160.00 target price for the company. J P Morgan Chase & Co began coverage on NextEra Energy in a research report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 target price for the company. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $156.00 price target (up previously from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $153.75.
Institutional investors and hedge funds have recently bought and sold shares of the business. 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 during the period. 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 during the period. Highstreet Asset Management Inc. acquired a new stake in NextEra Energy in the second quarter worth $134,000. Atlantic Trust LLC acquired a new stake in NextEra Energy in the second quarter worth $154,000. Finally, Pacific Center for Financial Services raised its holdings in NextEra Energy by 50.1% in the second quarter. Pacific Center for Financial Services now owns 1,139 shares of the utilities provider’s stock worth $160,000 after purchasing an additional 380 shares during the period. Institutional investors own 75.41% 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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