NextEra Energy, Inc. $NEE Stock Position Lessened by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 61.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,750 shares of the utilities provider’s stock after selling 50,500 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in NextEra Energy were worth $2,405,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Czech National Bank boosted its holdings in NextEra Energy by 4.7% during the 2nd quarter. Czech National Bank now owns 593,568 shares of the utilities provider’s stock valued at $52,097,000 after acquiring an additional 26,378 shares during the period. Annex Advisory Services LLC grew its position in NextEra Energy by 13.9% during the 2nd quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider’s stock worth $62,405,000 after acquiring an additional 86,585 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in NextEra Energy by 4.1% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 544,574 shares of the utilities provider’s stock worth $47,797,000 after purchasing an additional 21,569 shares during the period. Avity Investment Management Inc. increased its stake in NextEra Energy by 5.7% in the 2nd quarter. Avity Investment Management Inc. now owns 500,576 shares of the utilities provider’s stock worth $43,936,000 after purchasing an additional 26,848 shares during the period. Finally, CV Advisors LLC purchased a new position in NextEra Energy in the 2nd quarter worth approximately $1,404,000. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NEE has been the subject of several recent research reports. Seaport Research Partners reiterated a “sell” rating and issued a $56.00 price objective (up from $55.00) on shares of NextEra Energy in a research report on Friday, October 2nd. BTIG Research set a $106.00 target price on shares of NextEra Energy in a report on Thursday, October 22nd. Scotiabank decreased their target price on shares of NextEra Energy from $110.00 to $99.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 30th. Barclays decreased their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Friday, October 23rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $108.00 price target on shares of NextEra Energy in a report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $97.80.

NextEra Energy Price Performance

NEE opened at $84.17 on Wednesday. The stock has a fifty day simple moving average of $80.27 and a two-hundred day simple moving average of $87.20. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 1.33. The company has a market cap of $176.54 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 2.63 and a beta of 0.60. NextEra Energy, Inc. has a 12-month low of $74.41 and a 12-month high of $98.75.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. The business had revenue of $8.09 billion during the quarter, compared to analyst estimates of $8.47 billion. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.13 earnings per share. Research analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 27th will be issued a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, November 27th. NextEra Energy’s dividend payout ratio is 44.86%.

NextEra Energy Company Profile

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy’s principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.