Key Points
- Ronald Reagan sold 18,620 shares of NextEra Energy on Feb. 4 at an average price of $90 for a total of $1,675,800, cutting his direct stake by 65.88%; the trade is reported in an SEC Form 4 filing.
- NextEra (market cap ≈ $185.7B) recently beat EPS estimates ($0.54 vs $0.53) with 20.7% YoY revenue growth and carries an average analyst rating of “Moderate Buy” (avg. target $92.95), but investor sentiment may be weighed by sizable insider sales (another exec sold 30,000 shares) and valuation concerns.
NextEra Energy, Inc. (NYSE:NEE - Get Free Report) EVP Ronald Reagan sold 18,620 shares of the firm's stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the completion of the transaction, the executive vice president directly owned 9,643 shares in the company, valued at $867,870. This trade represents a 65.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NextEra Energy Price Performance
NEE stock opened at $89.17 on Friday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $90.69. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. The firm has a market capitalization of $185.71 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 2.78 and a beta of 0.76. The business has a 50 day simple moving average of $82.81 and a 200-day simple moving average of $79.40.
NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.01. The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The firm's revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 earnings per share. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.
NextEra Energy News Roundup
Here are the key news stories impacting NextEra Energy this week:
Analysts Set New Price Targets
NEE has been the topic of a number of recent analyst reports. UBS Group set a $91.00 price objective on NextEra Energy and gave the company a "buy" rating in a report on Wednesday, December 17th. BTIG Research restated a "buy" rating and issued a $103.00 price objective on shares of NextEra Energy in a report on Wednesday, January 28th. Citigroup reissued a "buy" rating and issued a $96.00 price target (up from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. Barclays increased their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 15th. Finally, Mizuho set a $90.00 target price on NextEra Energy and gave the company a "neutral" rating in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and an average price target of $92.95.
View Our Latest Analysis on NextEra Energy
Institutional Investors Weigh In On NextEra Energy
Large investors have recently added to or reduced their stakes in the business. Activest Wealth Management increased its position in shares of NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider's stock worth $25,000 after acquiring an additional 157 shares during the period. Harbor Asset Planning Inc. purchased a new position in NextEra Energy in the second quarter valued at $25,000. Goodman Advisory Group LLC acquired a new position in NextEra Energy during the 2nd quarter worth $25,000. Tripletail Wealth Management LLC acquired a new position in NextEra Energy during the 3rd quarter worth $25,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in NextEra Energy during the 4th quarter worth about $25,000. 78.72% of the stock is owned by hedge funds and other institutional investors.
About NextEra Energy
(
Get Free Report)
NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company's principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.
NextEra's activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.
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