NextEra Energy (NYSE:NEE) Shares Acquired Rep. Marjorie Taylor Greene

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of NextEra Energy, Inc. NYSE: NEE. In a filing disclosed on November 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in NextEra Energy stock on November 7th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Berkshire Hathaway NYSE: BRK.B on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of FedEx NYSE: FDX on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of Dell Technologies NYSE: DELL on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of Southern NYSE: SO on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of Hershey NYSE: HSY on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of Tractor Supply NASDAQ: TSCO on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of Blackstone NYSE: BX on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of Palo Alto Networks NASDAQ: PANW on 11/7/2024.

NextEra Energy Price Performance

Shares of NEE traded down $1.65 during trading hours on Tuesday, reaching $74.26. 12,567,645 shares of the stock traded hands, compared to its average volume of 10,923,739. The company has a market cap of $152.71 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 2.78 and a beta of 0.57. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The company's 50-day moving average price is $81.95 and its two-hundred day moving average price is $77.33. NextEra Energy, Inc. has a 52-week low of $53.81 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter last year, the company earned $0.94 EPS. The firm's quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Friday, November 22nd. NextEra Energy's payout ratio is 60.95%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Dbs Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. Scotiabank raised their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a "sector outperform" rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Guggenheim increased their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company boosted their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an "overweight" rating in a report on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, NextEra Energy currently has an average rating of "Hold" and an average price target of $86.54.

Institutional Trading of NextEra Energy

Several hedge funds and other institutional investors have recently made changes to their positions in NEE. Tandem Capital Management Corp ADV raised its stake in shares of NextEra Energy by 1.3% during the third quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider's stock worth $840,000 after buying an additional 125 shares during the last quarter. Insight Folios Inc raised its position in shares of NextEra Energy by 1.5% during the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider's stock valued at $713,000 after acquiring an additional 126 shares during the last quarter. Taylor & Morgan Wealth Management LLC lifted its stake in shares of NextEra Energy by 1.7% in the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider's stock valued at $655,000 after purchasing an additional 126 shares during the period. Osborne Partners Capital Management LLC grew its stake in shares of NextEra Energy by 1.2% during the third quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider's stock worth $906,000 after purchasing an additional 128 shares during the period. Finally, Boston Trust Walden Corp increased its holdings in NextEra Energy by 0.4% in the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider's stock valued at $2,597,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor's degree in business administration from the University of Georgia. Greene's career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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.