NextEra Energy Inc (NYSE:NEE) CEO Armando Pimentel, Jr. sold 9,250 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total transaction of $1,404,427.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of NextEra Energy Inc (NEE) traded down $1.47 during midday trading on Wednesday, reaching $148.09. 2,868,345 shares of the company’s stock were exchanged, compared to its average volume of 2,160,000. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.52 and a current ratio of 0.64. The company has a market cap of $69,660.00, a P/E ratio of 13.04, a P/E/G ratio of 2.53 and a beta of 0.28. NextEra Energy Inc has a one year low of $123.74 and a one year high of $159.64.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.18 billion. NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 earnings per share. equities analysts anticipate that NextEra Energy Inc will post 7.72 earnings per share for the current fiscal year.
Several brokerages have recently commented on NEE. UBS Group began coverage on shares of NextEra Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $177.00 price objective on the stock. Guggenheim restated a “buy” rating and set a $182.00 price objective on shares of NextEra Energy in a research report on Friday, January 26th. Zacks Investment Research upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. Morgan Stanley lifted their price target on shares of NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Finally, Credit Suisse Group began coverage on shares of NextEra Energy in a report on Thursday, December 7th. They issued an “outperform” rating and a $173.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $162.00.
COPYRIGHT VIOLATION WARNING: This piece was reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.americanbankingnews.com/2018/02/07/insider-selling-nextera-energy-inc-nee-ceo-sells-9250-shares-of-stock.html.
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.
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.