Key Points
- NextEra EVP Nicole Daggs sold 4,934 shares on March 13 at an average of $93.00 (about $458,862), leaving her with 16,905 shares — a 22.59% reduction in her holdings.
- NextEra raised its quarterly dividend to $0.6232 per share (annualized $2.49), producing a 2.7% yield and up from the prior quarterly payout of $0.57.
- The company reported Q4 EPS of $0.54 (beating the $0.53 estimate) while revenue missed at $6.50 billion versus $7.07 billion expected, though revenue was up 20.7% year-over-year.
NextEra Energy, Inc. (NYSE:NEE - Get Free Report) EVP Nicole Daggs sold 4,934 shares of the business's stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $93.00, for a total value of $458,862.00. Following the transaction, the executive vice president directly owned 16,905 shares in the company, valued at $1,572,165. This trade represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
NextEra Energy Price Performance
Shares of NextEra Energy stock opened at $92.87 on Tuesday. The business has a 50 day moving average of $88.65 and a 200 day moving average of $83.10. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $95.91. The company has a market cap of $193.49 billion, a PE ratio of 28.23 and a beta of 0.76. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35.
NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $6.50 billion for the quarter, compared to analysts' expectations of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 earnings per share. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.
NextEra Energy Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were paid a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from NextEra Energy's previous quarterly dividend of $0.57. NextEra Energy's payout ratio is presently 75.68%.
Wall Street Analysts Forecast Growth
NEE has been the subject of a number of research reports. Erste Group Bank raised shares of NextEra Energy from a "hold" rating to a "buy" rating in a research note on Wednesday, February 18th. Jefferies Financial Group set a $87.00 price objective on NextEra Energy in a research report on Wednesday, January 14th. Mizuho set a $90.00 target price on NextEra Energy and gave the stock a "neutral" rating in a research report on Wednesday, January 28th. Argus set a $92.00 target price on NextEra Energy and gave the company a "buy" rating in a research note on Wednesday, January 28th. Finally, Barclays lifted their price target on NextEra Energy from $84.00 to $85.00 and gave the company an "equal weight" rating in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $94.16.
View Our Latest Stock Analysis on NextEra Energy
Institutional Investors Weigh In On NextEra Energy
Hedge funds have recently bought and sold shares of the business. Goodman Advisory Group LLC purchased a new position in shares of NextEra Energy during the second quarter valued at approximately $25,000. Tripletail Wealth Management LLC purchased a new stake in shares of NextEra Energy in the 3rd quarter worth approximately $25,000. Laurel Wealth Advisors LLC purchased a new stake in shares of NextEra Energy in the 4th quarter worth approximately $25,000. Anfield Capital Management LLC increased its position in NextEra Energy by 692.3% during the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider's stock valued at $25,000 after buying an additional 270 shares in the last quarter. Finally, Wealth Watch Advisors INC increased its position in NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider's stock valued at $26,000 after buying an additional 226 shares in the last quarter. Institutional investors own 78.72% of the company's stock.
NextEra Energy Company Profile
(
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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