NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 2.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 285,112 shares of the utilities provider’s stock after selling 7,663 shares during the period. Public Employees Retirement Association of Colorado’s holdings in NextEra Energy were worth $20,189,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of NEE. M&G Plc acquired a new position in NextEra Energy in the 1st quarter worth about $303,065,000. Zimmer Partners LP grew its holdings in NextEra Energy by 8,447.5% in the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock valued at $174,807,000 after purchasing an additional 2,703,200 shares during the period. State of Michigan Retirement System increased its position in shares of NextEra Energy by 400.7% in the first quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock valued at $179,728,000 after buying an additional 2,250,500 shares in the last quarter. Raymond James & Associates raised its stake in shares of NextEra Energy by 57.0% during the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after buying an additional 2,163,437 shares during the period. Finally, Capital World Investors purchased a new position in shares of NextEra Energy during the 4th quarter valued at approximately $114,953,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NEE has been the subject of several recent analyst reports. BMO Capital Markets boosted their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Barclays raised their price target on shares of NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, August 16th. Morgan Stanley boosted their price objective on NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Finally, Bank of America raised their target price on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $81.87.

NextEra Energy Stock Up 0.6 %

Shares of NYSE:NEE opened at $82.76 on Friday. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $85.56. The stock has a market cap of $170.03 billion, a P/E ratio of 22.55, a PEG ratio of 3.03 and a beta of 0.56. The business has a fifty day moving average of $78.33 and a two-hundred day moving average of $72.22. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the prior year, the firm posted $0.88 earnings per share. On average, research analysts expect that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.49%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

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.