NextEra Energy Inc (NYSE:NEE) Director James L. Robo Sells 15,000 Shares

NextEra Energy Inc (NYSE:NEE) Director James L. Robo sold 15,000 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $204.86, for a total value of $3,072,900.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

James L. Robo also recently made the following trade(s):

  • On Wednesday, May 15th, James L. Robo sold 44,537 shares of NextEra Energy stock. The stock was sold at an average price of $195.20, for a total value of $8,693,622.40.
  • On Friday, March 15th, James L. Robo sold 111,864 shares of NextEra Energy stock. The stock was sold at an average price of $191.27, for a total value of $21,396,227.28.

NYSE NEE traded down $0.84 on Monday, reaching $204.02. The stock had a trading volume of 1,752,868 shares, compared to its average volume of 1,995,467. The firm has a 50 day simple moving average of $202.69. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.46 and a quick ratio of 0.38. NextEra Energy Inc has a 1 year low of $163.51 and a 1 year high of $208.91. The company has a market capitalization of $97.52 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 3.05 and a beta of 0.26.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.19. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. NextEra Energy had a return on equity of 10.26% and a net margin of 17.13%. During the same quarter in the previous year, the company posted $1.94 earnings per share. On average, research analysts forecast that NextEra Energy Inc will post 8.37 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $1.25 per share. The ex-dividend date was Friday, May 31st. This represents a $5.00 annualized dividend and a dividend yield of 2.45%. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Manhattan Co. boosted its stake in shares of NextEra Energy by 2.1% during the 1st quarter. First Manhattan Co. now owns 4,510 shares of the utilities provider’s stock worth $872,000 after acquiring an additional 93 shares in the last quarter. Sowell Financial Services LLC boosted its stake in NextEra Energy by 7.3% during the 4th quarter. Sowell Financial Services LLC now owns 2,635 shares of the utilities provider’s stock valued at $458,000 after purchasing an additional 180 shares during the period. Great Lakes Advisors LLC boosted its stake in NextEra Energy by 18.4% during the 1st quarter. Great Lakes Advisors LLC now owns 10,653 shares of the utilities provider’s stock valued at $2,059,000 after purchasing an additional 1,652 shares during the period. Covington Capital Management boosted its stake in NextEra Energy by 1.8% during the 4th quarter. Covington Capital Management now owns 85,166 shares of the utilities provider’s stock valued at $14,804,000 after purchasing an additional 1,483 shares during the period. Finally, Pictet Asset Management Ltd. boosted its stake in NextEra Energy by 23.6% during the 1st quarter. Pictet Asset Management Ltd. now owns 2,021,758 shares of the utilities provider’s stock valued at $390,846,000 after purchasing an additional 385,763 shares during the period. Institutional investors own 75.82% of the company’s stock.

NEE has been the topic of a number of recent analyst reports. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Barclays raised NextEra Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $187.00 to $207.00 in a research report on Wednesday, March 20th. They noted that the move was a valuation call. Goldman Sachs Group lowered NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price target on the stock. in a research report on Monday, April 8th. Credit Suisse Group set a $199.00 price target on NextEra Energy and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, Wells Fargo & Co upped their price target on NextEra Energy from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Two 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 a consensus target price of $208.14.

NextEra Energy Company Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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