Teacher Retirement System of Texas Has $25.04 Million Holdings in NextEra Energy, Inc. $NEE

Teacher Retirement System of Texas reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 360,736 shares of the utilities provider’s stock after selling 35,321 shares during the quarter. Teacher Retirement System of Texas’ holdings in NextEra Energy were worth $25,042,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Arkfeld Wealth Strategies L.L.C. raised its stake in NextEra Energy by 0.9% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after purchasing an additional 136 shares during the last quarter. Pine Haven Investment Counsel Inc raised its stake in NextEra Energy by 2.3% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after purchasing an additional 140 shares during the last quarter. McKinley Carter Wealth Services Inc. raised its stake in NextEra Energy by 0.4% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock valued at $2,355,000 after purchasing an additional 142 shares during the last quarter. Tradition Wealth Management LLC raised its stake in shares of NextEra Energy by 2.2% in the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after buying an additional 143 shares in the last quarter. Finally, Tandem Capital Management Corp ADV raised its stake in shares of NextEra Energy by 1.5% in the 2nd quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock valued at $692,000 after buying an additional 145 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 2.0%

Shares of NYSE:NEE opened at $86.08 on Tuesday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.29. The company’s 50-day moving average price is $76.84 and its two-hundred day moving average price is $73.00. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The firm has a market cap of $177.26 billion, a P/E ratio of 30.10, a P/E/G ratio of 2.85 and a beta of 0.66.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be given a dividend of $0.5665 per share. The ex-dividend date is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.6%. NextEra Energy’s dividend payout ratio is presently 79.37%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,028 shares of company stock worth $1,738,973. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. HSBC dropped their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, July 11th. BMO Capital Markets increased their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. BTIG Research restated a “buy” rating on shares of NextEra Energy in a research note on Monday. TD Cowen assumed coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $98.00 price objective for the company. Finally, Mizuho increased their price objective on shares of NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $89.00.

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.