Police & Firemen s Retirement System of New Jersey Purchases 14,079 Shares of NextEra Energy, Inc. $NEE

Police & Firemen s Retirement System of New Jersey boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 313,334 shares of the utilities provider’s stock after acquiring an additional 14,079 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in NextEra Energy were worth $21,752,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Daymark Wealth Partners LLC grew its holdings in shares of NextEra Energy by 6.5% during the 2nd quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock worth $3,125,000 after purchasing an additional 2,767 shares in the last quarter. Avity Investment Management Inc. raised its stake in shares of NextEra Energy by 1.7% in the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock valued at $35,162,000 after buying an additional 8,565 shares in the last quarter. Dillon & Associates Inc. boosted its position in shares of NextEra Energy by 8.4% during the 2nd quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock valued at $4,709,000 after acquiring an additional 5,261 shares in the last quarter. Integrity Alliance LLC. raised its position in NextEra Energy by 41.8% in the first quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock worth $1,779,000 after purchasing an additional 7,401 shares in the last quarter. Finally, Soltis Investment Advisors LLC raised its holdings in shares of NextEra Energy by 171.1% in the 2nd quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock worth $841,000 after buying an additional 7,645 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Up 0.1%

NYSE NEE opened at $85.88 on Thursday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53. The stock has a 50-day simple moving average of $78.98 and a 200 day simple moving average of $74.40. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $178.84 billion, a PE ratio of 27.35, a P/E/G ratio of 2.76 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The company had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.NextEra Energy’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 EPS. Research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is currently 71.97%.

Insider Activity

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 23,028 shares of company stock valued at $1,738,973 in the last quarter. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NEE. Citigroup reiterated a “buy” rating and set a $96.00 price objective (up from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. BMO Capital Markets boosted their target price on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. TD Cowen started coverage on NextEra Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $98.00 target price for the company. Jefferies Financial Group reissued a “hold” rating and set a $85.00 price objective (up previously from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. Finally, Wells Fargo & Company raised shares of NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $90.22.

NextEra Energy 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.