Teachers Retirement System of The State of Kentucky Cuts Stake in NextEra Energy, Inc. (NYSE:NEE)

Teachers Retirement System of The State of Kentucky reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 4.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 165,869 shares of the utilities provider’s stock after selling 7,148 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in NextEra Energy were worth $10,600,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clear Investment Research LLC lifted its holdings in NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in NextEra Energy during the fourth quarter valued at about $29,000. American Capital Advisory LLC increased its position in shares of NextEra Energy by 74.5% during the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after buying an additional 205 shares during the period. Stuart Chaussee & Associates Inc. increased its position in shares of NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after buying an additional 410 shares during the period. Finally, Rakuten Securities Inc. bought a new stake in shares of NextEra Energy during the fourth quarter valued at about $34,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

NEE has been the topic of several analyst reports. Scotiabank upped their price target on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research report on Monday, April 22nd. Morgan Stanley upped their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Evercore ISI upped their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 12th. Finally, Barclays upped their price objective on shares of NextEra Energy from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $78.29.

NextEra Energy Trading Up 1.0 %

NEE stock traded up $0.81 on Friday, reaching $79.20. The company’s stock had a trading volume of 14,513,109 shares, compared to its average volume of 10,270,118. The business has a fifty day simple moving average of $73.93 and a two-hundred day simple moving average of $66.62. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $80.56. The firm has a market cap of $162.78 billion, a PE ratio of 21.58, a PEG ratio of 2.84 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49.

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

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.60%. NextEra Energy’s payout ratio is presently 56.13%.

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.