NextEra Energy, Inc. $NEE Stake Reduced by Employees Retirement System of Texas

Employees Retirement System of Texas trimmed its stake in NextEra Energy, Inc. (NYSE:NEE) by 11.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 106,977 shares of the utilities provider’s stock after selling 14,241 shares during the quarter. Employees Retirement System of Texas’ holdings in NextEra Energy were worth $7,426,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NEE. Vanguard Group Inc. lifted its position in NextEra Energy by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock valued at $14,777,923,000 after purchasing an additional 5,554,603 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of NextEra Energy by 1.2% in the second quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock valued at $3,161,774,000 after purchasing an additional 526,996 shares during the period. Northern Trust Corp raised its holdings in shares of NextEra Energy by 1.1% during the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock valued at $1,655,512,000 after buying an additional 262,819 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of NextEra Energy by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock valued at $1,507,770,000 after buying an additional 1,336,259 shares during the last quarter. Finally, GQG Partners LLC boosted its position in shares of NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock worth $1,221,896,000 after buying an additional 6,352,798 shares during the period. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of recent analyst reports. Cowen began coverage on NextEra Energy in a research report on Wednesday, October 15th. They issued a “buy” rating on the stock. Morgan Stanley lowered their price target on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. Barclays set a $88.00 price objective on shares of NextEra Energy and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. HSBC increased their target price on shares of NextEra Energy from $94.00 to $95.00 in a research report on Monday, November 10th. Finally, New Street Research set a $84.00 price target on shares of NextEra Energy in a research report on Monday, October 13th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $90.63.

Insider Buying and Selling

In related news, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the transaction, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. The trade was a 13.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the sale, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. This represents a 47.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 168,168 shares of company stock worth $13,917,670 over the last three months. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE opened at $85.58 on Thursday. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. The business’s 50-day moving average price is $81.73 and its 200 day moving average price is $75.61. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The firm has a market cap of $178.22 billion, a P/E ratio of 27.25, a PEG ratio of 2.76 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.09. The company had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 EPS. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be given a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.6%. NextEra Energy’s payout ratio is 71.97%.

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.