Rep. Rick Larsen Sells Off Shares of NextEra Energy, Inc. (NYSE:NEE)

Representative Rick Larsen (D-Washington) recently sold shares of NextEra Energy, Inc. NYSE: NEE. In a filing disclosed on April 15th, the Representative disclosed that they had sold between $1,001 and $15,000 in NextEra Energy stock on April 9th.

Representative Rick Larsen also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of American Express NYSE: AXP on 4/9/2025.

NextEra Energy Stock Performance

NYSE:NEE traded up $0.65 during midday trading on Friday, reaching $66.29. The stock had a trading volume of 11,210,902 shares, compared to its average volume of 10,804,052. The stock has a market cap of $136.47 billion, a P/E ratio of 19.67, a P/E/G ratio of 2.45 and a beta of 0.58. 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 firm has a fifty day simple moving average of $69.63 and a two-hundred day simple moving average of $73.30.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts' consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend 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 dividend payout ratio is 67.06%.

Institutional Trading of NextEra Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cornerstone Wealth Management LLC lifted its stake in NextEra Energy by 9.3% during the first quarter. Cornerstone Wealth Management LLC now owns 20,976 shares of the utilities provider's stock worth $1,487,000 after purchasing an additional 1,783 shares during the last quarter. Shepherd Financial Partners LLC boosted its stake in NextEra Energy by 4.2% in the 1st quarter. Shepherd Financial Partners LLC now owns 33,745 shares of the utilities provider's stock worth $2,392,000 after purchasing an additional 1,365 shares during the period. Clarius Group LLC grew its position in NextEra Energy by 8.8% during the first quarter. Clarius Group LLC now owns 17,637 shares of the utilities provider's stock valued at $1,250,000 after purchasing an additional 1,426 shares in the last quarter. Hemenway Trust Co LLC lifted its holdings in shares of NextEra Energy by 8.6% during the 1st quarter. Hemenway Trust Co LLC now owns 112,909 shares of the utilities provider's stock valued at $8,004,000 after buying an additional 8,929 shares during the last quarter. Finally, Birch Hill Investment Advisors LLC lifted its position in shares of NextEra Energy by 1.8% in the first quarter. Birch Hill Investment Advisors LLC now owns 75,405 shares of the utilities provider's stock worth $5,345,000 after buying an additional 1,329 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Evercore ISI lowered their target price on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a report on Monday, January 27th. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. BMO Capital Markets decreased their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Morgan Stanley reduced their price target on NextEra Energy from $97.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, Guggenheim reiterated a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $85.15.

Insider Activity at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred 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 sale, the chief accounting officer now owns 27,427 shares of the company's stock, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by company insiders.

About Representative Larsen

Rick Larsen (Democratic Party) is a member of the U.S. House, representing Washington's 2nd Congressional District. He assumed office on January 3, 2001. His current term ends on January 3, 2027. Larsen (Democratic Party) is running for re-election to the U.S. House to represent Washington's 2nd Congressional District. He declared candidacy for the 2026 election. Since at least 2011, Larsen has been assigned to the Committee on Armed Services and the Committee on Transportation and Infrastructure. Larsen's first position as an elected official was in 1998 as a member of the Snohomish County Council. Larsen earned his bachelor's degree from Pacific Lutheran University. After earning his master's degree in public affairs from the University of Minnesota, Larsen worked as the director of public affairs for the Washington State Dental Association and then as an economic development official with the Port of Everett. He went on to serve on the Snohomish County Council before seeking election to the U.S. House.

About NextEra Energy

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.