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Vice Chairman & CFO of NextEra Energy Moray Dewhurst Sold 100,000 Shares
Posted by: GuruFocus (IP Logged)
Date: August 21, 2012 04:39PM

NextEra Energy Inc., formerly known as FPL Group Inc., has a market cap of $29.03 billion; its shares were traded at around $68.78 with a P/E ratio of 15.4 and P/S ratio of 1.9. The dividend yield of Nextera Energy Inc. stocks is 3.4%. Nextera Energy Inc. had an annual average earnings growth of 5.9% over the past 10 years.

Vice Chairman and CFO of NextEra Energy Inc. (NEE) Moray P. Dewhurst sold 100,000 shares on Aug. 20, 2012 at an average price of $68.95. The total transaction amount was $6,895,000.

Moray P. Dewhurst has served as vice chairman and CFO since October 2011. Previously, he was vice chairman and chief of staff from 2009 to 2011 and chief financial officer from 2001 to 2008. Before serving at NextEra Energy Inc., he worked at Dean & Company and Mercer Management.

President and CEO of Sub Armando Pimentel Jr. sold 7,500 shares of NEE stock on March 8, 2012 at the average price of 59.91. On Aug. 1, 2012, vice chairman and CFO Moray P. Dewhurst sold 100,000 shares of NEE stock at the average price of $71.17. Other directors and officers have also sold shares of NEE stock.

GuruFocus Guru John Burbank bought 8,400 shares in the quarter ended June 30, 2012. GuruFocus Gurus Mario Gabelli, Robert Bruce, HOTCHKIS & WILEY, John Hussman, Dodge & Cox, and PRIMECAP Management kept their position in the Company unchanged or slightly adjusted.

Operation revenues were $3.7 billion and net income was $353 million for NextEra Energy Inc.’s 2012 second quarter financial results.

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