Rep. George Whitesides Sells Off Shares of NextEra Energy, Inc. (NYSE:NEE)

Representative George Whitesides (D-California) recently sold shares of NextEra Energy, Inc. NYSE: NEE. In a filing disclosed on April 23rd, the Representative disclosed that they had sold between $50,001 and $100,000 in NextEra Energy stock on March 24th. The trade occurred in the Representative's "GEORGE WHITESIDES INDIVIDUAL" account.

Representative George Whitesides also recently made the following trade(s):

• Sold $100,001 - $250,000 in shares of Netflix NASDAQ: NFLX on 3/27/2025.
• Sold $250,001 - $500,000 in shares of Innoviva NASDAQ: INVA on 3/25/2025.
• Sold $50,001 - $100,000 in shares of Union Pacific NYSE: UNP on 3/24/2025.
• Sold $100,001 - $250,000 in shares of Linde NASDAQ: LIN on 3/24/2025.
• Sold $100,001 - $250,000 in shares of Procter & Gamble NYSE: PG on 3/24/2025.
• Sold $1,001 - $15,000 in shares of Sandoz Group OTCMKTS: SDZNY on 3/24/2025.
• Sold $15,001 - $50,000 in shares of American Electric Power NASDAQ: AEP on 3/24/2025.
• Sold $50,001 - $100,000 in shares of Medtronic NYSE: MDT on 3/24/2025.
• Sold $100,001 - $250,000 in shares of McDonald's NYSE: MCD on 3/24/2025.
• Sold $15,001 - $50,000 in shares of Bank of America NYSE: BAC on 3/24/2025.

NextEra Energy Trading Up 0.1 %

NEE stock traded up $0.08 during trading on Monday, hitting $66.17. The company had a trading volume of 7,122,604 shares, compared to its average volume of 10,803,370. The firm has a 50-day moving average price of $69.41 and a 200-day moving average price of $72.61. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The stock has a market cap of $136.22 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts' consensus estimates of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The business's quarterly revenue was up 9.0% compared to the same quarter last year. As a group, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.42%. The ex-dividend date was Friday, February 28th. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is 84.64%.

Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, the chief accounting officer now owns 27,427 shares of the company's stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is owned by insiders.

Institutional Trading of NextEra Energy

Institutional investors have recently added to or reduced their stakes in the company. Howard Capital Management Group LLC raised its holdings in NextEra Energy by 1.8% in the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider's stock valued at $25,293,000 after acquiring an additional 5,409 shares in the last quarter. SOA Wealth Advisors LLC. raised its holdings in NextEra Energy by 3.1% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 21,790 shares of the utilities provider's stock valued at $1,842,000 after acquiring an additional 656 shares in the last quarter. Wealthquest Corp raised its holdings in NextEra Energy by 4.8% in the 3rd quarter. Wealthquest Corp now owns 9,829 shares of the utilities provider's stock valued at $838,000 after acquiring an additional 446 shares in the last quarter. Tudor Financial Inc. acquired a new position in NextEra Energy in the 3rd quarter valued at $742,000. Finally, Anchor Investment Management LLC raised its holdings in NextEra Energy by 4.5% in the 3rd quarter. Anchor Investment Management LLC now owns 52,178 shares of the utilities provider's stock valued at $4,411,000 after acquiring an additional 2,252 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on NEE. Evercore ISI reduced their target price on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a research note on Monday, January 27th. Guggenheim reissued a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Barclays cut their price target on shares of NextEra Energy from $77.00 to $73.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company cut their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $84.08.

About Representative Whitesides

George Whitesides (Democratic Party) is a member of the U.S. House, representing California's 27th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Whitesides (Democratic Party) ran for election to the U.S. House to represent California's 27th Congressional District. He won in the general election on November 5, 2024. George Whitesides earned a bachelor's degree in public and international affairs from Princeton University in 1996 and a master's degree in remote sensing and GIS from the University of Cambridge in 2000. His career experience includes working as the chief of staff for NASA during the administration of President Barack Obama (D) and the CEO of human spaceflight company Virgin Galactic. Whitesides co-founded Megafire Action, an organization dedicated to responding to wildfires. Whitesides co-chaired the Antelope Valley Covid-19 Task Force and joined the Antelope Valley Economic Development and Growth Enterprise (AV EDGE) as a board member.

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,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.