NextEra Energy (NYSE:NEE) Shares Unloaded Rep. Greg Landsman

Representative Greg Landsman (D-Ohio) recently sold shares of NextEra Energy, Inc. NYSE: NEE. In a filing disclosed on November 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in NextEra Energy stock on October 15th. The trade occurred in the Representative's "SARAH LANDSMAN TRADITIONAL IRA" account.

Representative Greg Landsman also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Pfizer NYSE: PFE on 10/15/2024.
• Sold $1,001 - $15,000 in shares of Cheniere Energy NYSE: LNG on 10/15/2024.
• Sold $15,001 - $50,000 in shares of Phillips 66 NYSE: PSX on 10/15/2024.
• Sold $15,001 - $50,000 in shares of Diamondback Energy NASDAQ: FANG on 10/15/2024.
• Sold $1,001 - $15,000 in shares of Linde NASDAQ: LIN on 10/15/2024.
• Sold $1,001 - $15,000 in shares of Regeneron Pharmaceuticals NASDAQ: REGN on 10/15/2024.
• Sold $1,001 - $15,000 in shares of CrowdStrike NASDAQ: CRWD on 10/15/2024.
• Sold $15,001 - $50,000 in shares of Exxon Mobil NYSE: XOM on 10/15/2024.
• Sold $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 10/15/2024.
• Purchased $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 9/10/2024.

NextEra Energy Stock Up 1.4 %

NYSE:NEE traded up $1.07 during mid-day trading on Friday, reaching $76.35. The stock had a trading volume of 12,930,527 shares, compared to its average volume of 10,952,575. The stock has a market cap of $157.01 billion, a P/E ratio of 22.58, a PEG ratio of 2.68 and a beta of 0.57. The business's 50 day moving average is $81.53 and its 200 day moving average is $77.41. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the prior year, the business posted $0.94 EPS. NextEra Energy's quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.70%. NextEra Energy's payout ratio is 60.95%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an "overweight" rating in a report on Tuesday, September 3rd. Dbs Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 27th. Scotiabank boosted their price objective on NextEra Energy from $73.00 to $92.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, August 20th. Royal Bank of Canada lowered NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group assumed coverage on NextEra Energy in a report on Thursday, September 19th. They set a "hold" rating and a $87.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $86.54.

Institutional Investors Weigh In On NextEra Energy

Institutional investors have recently added to or reduced their stakes in the stock. Intech Investment Management LLC increased its position in shares of NextEra Energy by 35.7% during the 1st quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider's stock worth $6,411,000 after purchasing an additional 26,382 shares in the last quarter. Border to Coast Pensions Partnership Ltd boosted its holdings in shares of NextEra Energy by 2.2% in the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider's stock worth $102,495,000 after acquiring an additional 26,270 shares in the last quarter. Ancora Advisors LLC increased its holdings in NextEra Energy by 10.6% during the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider's stock valued at $5,112,000 after purchasing an additional 7,677 shares in the last quarter. Magnolia Capital Advisors LLC raised its position in NextEra Energy by 1,224.3% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider's stock valued at $5,130,000 after purchasing an additional 66,982 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in NextEra Energy by 57.0% in the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider's stock worth $421,831,000 after purchasing an additional 2,163,437 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares of the company's stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.18% of the company's stock.

About Representative Landsman

Greg Landsman (Democratic Party) is a member of the U.S. House, representing Ohio's 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Landsman is also a member of the Cincinnati City Council in Ohio. He assumed office on January 2, 2018. His current term ends on January 1, 2024. Landsman (Democratic Party) is running for re-election to the U.S. House to represent Ohio's 1st Congressional District. He declared candidacy for the 2024 election. Greg Landsman was born in Cincinnati, Ohio, and lives in Mt. Washington, Ohio. Landsman earned a B.A. in economics and political science from Ohio University and an M.A. in theological studies, religion, and public policy from Harvard University in 2004. His career experience includes working as the executive director of The Strive Partnership with the KnowledgeWorks Foundation and the director of the Ohio Governor's Office of Faith-Based and Community Initiatives.

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.